Custom Search

Tuesday, August 27, 2013

Kotak Bank plans more branches

Kotak Mahindra Bank, which has six branches in Kerala, will open more branches in the State in the near future, says its Executive Vice-President Virat Diwanji.

He told a news conference, where the bank’s new product – Kotak Junior aimed at teenagers – was launched, that NRIs made up a huge chunk of its customer base in Kerala.

“About 40 to 45 per cent of our business here involves NRIs,” he said. More branches would mean better service to them too, he said. He said Kotak Junior would foster the savings habit of children below 18 years.

Child customers above 10 years could opt for debit cards, but there would be a ceiling of Rs 5,000 on withdrawals.

There is also a 10-year recurring deposit for children.

Source: thehindubusinessline


Post a Comment

Popular Posts

Desi Google | A2Z Famous Quotes | What's Cooking America | Joke Site