Kotak Mahindra Bank - News, Articles & Research

RBI bars Kotak Mahindra from digitally onboarding new customers

The Reserve Bank of India has ordered Kotak Mahindra Bank to stop onboarding new customers via digital channels and to pause issuing new credit cards because of failures with the lender's IT systems.

24 April 2024

News/inclusion

India's biggest retailer trials digital rupee

India's CBDC plans have taken a step forward with news that the country's largest retailer, Reliance Retail, has agreed to start accepting digital rupee payments.

03 February 2023

Company announcement/payments

Finastra teams Kotak Mahindra Bank for corporate banking portal

Finastra has today announced that it has partnered with Kotak Mahindra Bank to support its new integrated corporate banking portal, Kotak FYN, using Finastra’s Unified Corporate Portal solution. Kotak Bank and Finastra have been working together since October 2021 to expand the Kotak FYN portal for business and corporate customers. The bank’s customers can use the new enterprise portal to carry out all trade services. By the last quarter of 2022, the Kotak FYN portal will include many other services, including account services, payments and collections, thus eliminating the need for multiple logins and disparate user interfaces.

07 October 2022

Company announcement/payments

Kotak Mahindra introduces cardless cash withdrawals at ATMs

Kotak Mahindra Bank (Kotak) today announced the launch of the Cardless Cash Withdrawal Facility through ATMs (Instant Money Transfer – IMT).

27 August 2020

News/devops

Kotak Mahindra Bank opens API platform

Kotak Mahindra Bank has opened an API developer platform to spur third party innovation across the bank's datasets.

23 November 2018

News

India's Kotak Mahindra Bank taps Ripple xCurrent for remittances

Ripple has strengthened its position in the critical market of India by signing up Kotak Mahindra Bank to its network for cross-border payments.

28 June 2018

Company announcement

AI-enhanced personal asistant Keya makes debut at Kotak Mahindra

Nuance Communications, Inc. today announced Kotak Mahindra Bank has launched Keya, the first AI-powered virtual assistant in Indian banking. Leveraging Nuance’s Natural Language Understanding and Call Steering technologies, Keya is able to understand customers’ requests without needing legacy touchtone or menu options.

17 May 2018

Company announcement

Kotak Mahindra Bank and Zeta introduce Paymint, a digital wallet for employee benefits

Kotak Mahindra Bank (“Kotak”) and Zeta, a fintech pioneer, today announced the launch of Paymint – a comprehensive digital platform to manage multiple employee benefits.

17 October 2017

Company announcement

Kotak Mahindra crosses borders with Earthport

Earthport, the leading network for cross-border payments, is pleased to announce that it has partnered with Kotak Mahindra Bank, a leading private sector bank in India, to provide cross-border payment capabilities across select global markets.

03 August 2017