Kotak Mahindra Bank (KMB) has launched a mobile banking app ‘Kotak Bharat’ to provide mobile banking services to customers in the remotest of regions. The special thing about the App is itrequires no internet connectivity. The ‘inclusive digital banking’ app is primarily targeted to benefit customers in the under-banked and un-banked regions, who can access its services in their preferred language. The App is currently available in Hindi and English.
The app is Android-based. It works on the existing SMS banking keyword process platform. The customers could download the app on their registered mobile number without any separate registration process.
Kotak Mahindra Bank
- Kotak Mahindra Bank is the fourth largest Indian private sector bank by market capitalization, headquartered in Mumbai, Maharashtra.
- In February 2003, Kotak Mahindra Finance Ltd, the group’s flagship company was given the licence to carry on banking business by the Reserve Bank of India (RBI)
- In 2014, Kotak Bank acquired ING Vysya Bank for a deal valued at ₹15000 crore.
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