Search results
Results from the WOW.Com Content Network
The Kotak Mahindra Group was founded in 1985 as a provider of financial services. [8] [9] In February 2003, Kotak Mahindra Finance Ltd (KMFL), the Group's flagship company, received banking license from the Reserve Bank of India (RBI) to conduct banking operations in the country and was renamed as Kotak Mahindra Bank, the parent company of Kotak Life Insurance. [10]
In April 2017, Kotak Mahindra Bank acquired Old Mutual's 26% stake in Kotak Mahindra Old Mutual Life Insurance for ₹ 1,292 crore (US$198.4 million), making the life insurance company its wholly-owned subsidiary. [30] In 2021, Kotak Mahindra Bank sold its 8.57% stake in Airtel Payments Bank to Bharti Enterprises for ₹ 295 crore (US$39.81 ...
Kotak Mahindra Bank became the first bank to allow customers to choose both methods for authentication. [5] Since then, 38 banks allow customers to authenticate API based e-mandates as of September 2019. [6] API based E-mandate process is expected to make the process fast, frictionless and paperless. [7]
Zurich Kotak General Insurance Company is an Indian general insurance company headquartered in Mumbai. It offers non-life insurance products like motor , health , home and others. [ 3 ] It is 70% owned by Swiss insurance company Zurich Insurance .
Unified Payments Interface (UPI) is an Indian instant payment system as well as protocol developed by the National Payments Corporation of India (NPCI) in 2016. The interface facilitates inter-bank peer-to-peer (P2P) and person-to-merchant (P2M) transactions.
In 2015, Kotak entered the general insurance business and is partnering with telecom magnate Sunil Mittal's Bharti Airtel to start a small payments bank. [21] Kotak has reduced his stake in the Kotak Mahindra Bank to 30% as of now, as he is required to bring it down to 20% as per RBI directions. [21]
Bankrate’s take:Many insurance companies will also offer a small discount for drivers who set up autopay.So, in addition to making sure you won't accidentally miss a payment, your premium may be ...
BHIM (Bharat Interface for Money) is an Indian state-owned mobile payment app developed by the National Payments Corporation of India (NPCI), based on the Unified Payments Interface (UPI). Launched on 30 December 2016, [ 1 ] it is intended to facilitate e-payments directly through banks and encourage cashless transactions.