Kotak Mahindra Bank Ltd.

Kotak Mahindra Bank and National Commodity & Derivatives Exchange (NCDEX) have entered into a tie-up in order to provide financing to the depositors of goods in warehouses approved by the exchange. Under the arrangement, farmers and traders who have kept their commodities in NCDEX-approved warehouses can use such commodities as collateral for availing financial assistance from the bank.

Kotak Mahindra Bank has a significant national footprint of 1,261 branches and 1,939 ATMs spread across 641 locations, affording it the capacity and means to serve even better. The bank has three Strategic Business Units catering to retail and corporate customers across urban and rural India.