Tag: Kotak Mahindra Bank

Mumbai, 25th October, 2023. Building on the recent successes of Backstreet Boys’ DNA World Tour– India; Trevor Noah’s Off The Record Tour– India; and WestLife’supcoming The Wild Dreams Tour - India. Kotak Mahindra Bank Limited (“KMBL”/“Kotak”) will present a ‘Perfect’ evening at pop music sensation, Ed Sheeran’s much-awaited ‘+ - = ÷ x’ Mathematics Tour – India. The India leg of this best-selling tour will be the final stop in the Asia Tour and will be held at the Mahalaxmi Racecourse in the heart of Mumbai on March 16th, 2024. The special guest for the show will be singer-songwriter Calum Scott. Kotak White Credit Card is the official sponsor of the show. The bank today announced an exclusive 48-hour access to the pre-sale of the tour’s tickets for Kotak Credit Card customers sta...

Mumbai,21stOctober2023:Kotak Mahindra Bank (‘Kotak’ or ‘the Bank’) today announced that theReserve Bank of India (RBI) has approved the appointment of Ashok Vaswani as the Bank’s next Managing Director &Chief Executive Officer (MD & CEO). This is for a period of three years from date of taking charge which shall not be later than January 1, 2024.The appointment is subject to shareholders’ approval. Ashok has a proven track record spanning three and a half decades, initially at Citigroup and more recently, at Barclays, of building and growing global businesses at scale,nurturing winning teams, establishingtransformational partnerships, leveraging forward leaning technology,with a compelling business vision to deliver strong bottom-line growth. He brings with him significant execu...

Mumbai, 31 August, 2023. Kotak Mahindra Bank Limited (“KMBL”/“Kotak”) today announced the introduction of a UPI interoperability feature on its Digital Rupee (e₹) application as a part of the RBI’s CBDC pilot project.With this, e₹ app users can now scan any QR code at merchants to make payments for groceries and daily expenses. This feature will empower customers to make payments on the existing UPI QR codes available at merchants.As on date, the feature is Live for Android users. The ‘e₹’ app allows users to make transactions without disclosing bank account details, supports easy transfers, decluttering the bank statements to ensure a safe and regulated interface, making the experience seamless. Virat Diwanji, Group President & Head Consumer Bank, Kotak Mahindra Bank said, “W...