CURRENT AFFAIRS

Detailed explanation-1: -Kotak Mahindra Bank has tied up with Ezetap to provide integrated Point of Sale (PoS) solutions across 4,000 locations in India. The initiative will strengthen the bank’s presence in the digital payments market space.

Detailed explanation-2: -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.

Detailed explanation-3: -Our partnership with Kotak Mahindra Bank expands and simplifies access, which is truly transformative and innovative.” Established in 1985, Kotak Mahindra Group is one of India’s leading financial services conglomerates. In February 2003, Kotak Mahindra Finance Ltd.

Detailed explanation-4: -In 1986, Anand Mahindra and his father Harish Mahindra invested ₹1 lakh in the company and it was subsequently renamed as Kotak Mahindra Finance. The company was initially engaged in bill discounting, along with lease and hire purchase activities.