Kotak Bank IFSC Code Mumbai Malad Branch, MICR code, Address

IFSC Code of Kotak Bank MUMBAI MALAD, MICR Code of Kotak Bank MUMBAI MALAD

Get IFSC Code and MICR code of Kotak Bank, Mumbai malad, Maharashtra branch in Mumbai city along with the address

Bank	Kotak Bank
IFSC Code	KKBK0000662 (for money transfer by NEFT, RTGS and IMPS)
MICR Code	400485020
Address	Kotak Mahindra Bank Ltd Ground Floor, Palm Court - M, Near D- Mart, New Link Road, Malad (W), Mumbai, Maharashtra - 400 064
Contact Number	66718732
Branch	MUMBAI MALAD
City	Mumbai
District	Mumbai
State	Maharashtra

Personal Loan
@ 10.99%*

Home Loan
@ 8.35%*

Gold Loan
@ 11.00%*

Business Loan
@ 13.50%*

Loan Against Property
@ 9.25%*

Car Loan
@ 9.25%*

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Kotak Bank Interest Rates in MUMBAI MALAD, Mumbai

	Interest Rates*
Kotak Bank MCLR Base Rate	7.95% - 8.85%	Past Trend
Kotak Bank Loan Against Property	10.00% - 14.00% Floating	Get Details
Kotak Bank Personal Loan	11.50% - 24.00%	Get Details
Kotak Bank Business Loan	16.00% - 19.99%	Get Details
Kotak Bank Car Loan	11.50% - 13.50%	Get Details
Kotak Bank FD Interest Rate	3.50% - 7.00%	Get Details

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Loan Amount	Cashback
Rs. 1 cr and above	Rs. 5,000
Rs. 75 lakh - less than Rs. 1 cr	Rs. 3,000
Rs. 50 lakh - less than Rs. 75 lakh	Rs. 2,000
Rs. 35 lakh - less than Rs. 50 lakh	Rs. 1,000
Rs. 20 lakh - less than Rs. 35 lakh	Rs. 500
Less than Rs. 20 lakh	Rs. 200

News - May 2017

2017-05-23 : Uday Kotak reduces stake in Kotak Bank to 29.79 per cent
Uday Kotak, head of Kotak Mahindra Bank has sold 18 million of the bank shares (1.8 crore) for Rs. 1,687 crore in order to lower his holding in the bank. The RBI has asked Kotak to lower his holding in the bank to 30 per cent by June 17, 20 per cent by December 18, and to 15 per cent by March 31, 2020.
2017-05-20 : Kotak Mahindra and IDFC Bank to give loans to the customers not having good CIBIL score
Kotak Mahindra and IDFC Bank together are planning to offer loans to those customers who do not have a good credit history or CIBIL score. For this purpose, banks are looking to develop new credit scoring model which is not based on the credit bureau scores.
2017-05-12 : Kotak Mahindra Bank board approves QIP at Rs. 913.24 per share
The bank’s board of directors has approved a qualified institutional placement (QIP) issue of Rs. 6.2 crore shares at a price per share of Rs. 913.24 to raise capital of about Rs.5,600 crore. The QIP issue is aimed at reducing the promoters’ stake in the bank to 15 per cent by March 2020. Currently, promoter holds 32 per cent in the bank which has to be bought down to 30 per cent by 30th June, 2017.
2017-05-03 : Kotak Mahindra Bank bets on ‘811’ to double its customer base in two years
Kotak Mahindra Bank has set an ambitious target of doubling its total customer base to 16 million as against 8 million in the next 18-24 months. The bank has further reported that the newly launched ‘811’ digital banking platform has received a good response from young banking customers and will act as a primary driver to achieve the bank’s target.
2017-04-28 : Kotak Mahindra Bank to buy out Old Mutual from insurance JV for $201 mn
Kotak Mahindra Bank Ltd has agreed to acquire UK partner Old Mutual plc’s 26 per cent stake in their life insurance joint venture for Rs. 1292.7 crore ($201 million) in cash. This deal will increase Kotak Mahindra Bank’s stake in Kotak Mahindra Old Mutual Life Insurance Ltd to 100 per cent.

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