Kotak Mahindra Bank jumps on completing technical integration with brand new e-filing portal

Kotak Mahindra Bank is currently trading at Rs. 1786.20, up by 17.20 points or 0.97% from its previous closing of Rs. 1769.00 on the BSE.

The scrip opened at Rs. 1766.00 and has touched a high and low of Rs. 1788.40 and Rs. 1766.00 respectively. So far 21916 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 5 has touched a 52 week high of Rs. 2252.45 on 27-Oct-2021 and a 52 week low of Rs. 1627.25 on 30-Jul-2021.

Last one week high and low of the scrip stood at Rs. 1788.40 and Rs. 1712.00 respectively. The current market cap of the company is Rs. 352751.99 crore.

kotak mahindra bank jumps up on the bourses e1634539339983
kotak mahindra bank jumps up on the bourses e1634539339983

The promoters holding in the company stood at 25.98%, while Institutions and Non-Institutions held 57.46% and 16.56% respectively.

Kotak Mahindra Bank (KMBL) has completed its technical integration with the brand new e-filing portal (www.eportal.incometax.gov.in) making it one of the first Private Banks to be fully integrated with the new Income Tax department portal.

Now Kotak Mahindra Bank customers – Individuals as well as Corporates – can pay their Direct Taxes conveniently through the e-pay tax tab on the portal using Kotak Net Banking or by visiting a branch. This will make the tax payment process simple, instant and convenient for its customers.

In October 2021, Kotak Bank became the first Scheduled Private Sector Bank to receive approval as a collections partner for taxes, after the announcement to permit all banks to participate in government business. With the solution going live, the Bank continues to be the pioneering player offering this service in the private banking space.

Kotak Mahindra Bank offers a wide range of banking products and financial services for corporate and retail customers through a variety of delivery channels and specialized subsidiaries in the areas of personal finance, investment banking, life insurance, and wealth management.

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