Kotak Mahindra Bank has agreed, subject to regulatory approvals, to invest 19.90% in Airtel M Commerce Services (AMSL), a subsidiary of Bharti Airtel, on AMSL obtaining the Payment Bank licence from Reserve Bank of India. Moreover, AMSL is in the process of applying for Payment Bank License to the Reserve Bank of India (RBI).
Kotak Mahindra Bank is engaged in commercial banking, stock broking, mutual funds, life insurance and investment banking. The bank has an international presence through its subsidiaries with offices in London, New York, Dubai, Mauritius, San Francisco and Singapore that specialize in providing services to overseas investors seeking to invest into India.
Kotak Mahindra Bank is currently trading at Rs. 1330,70 up by 0.65 points or 0.05% from its previous closing of Rs. 1330.05 on the BSE.
Kotak Mahindra Bank is engaged in commercial banking, stock broking, mutual funds, life insurance and investment banking. The bank has an international presence through its subsidiaries with offices in London, New York, Dubai, Mauritius, San Francisco and Singapore that specialize in providing services to overseas investors seeking to invest into India.
Kotak Mahindra Bank is currently trading at Rs. 1330,70 up by 0.65 points or 0.05% from its previous closing of Rs. 1330.05 on the BSE.
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