Kotak Mahindra Bank

18 Jun

Kotak Life Insurance expects to incur loss of Rs 225-275 crore in first quarter

editor0 CommentsBusinessKotak Life Insurance, Kotak Mahindra Bank

Kotak Life Insurance expects to incur a loss of Rs 225-275 crore in the first quarter ending June 2021 because of higher Covid-related claims and an increase in mortality related provisioning on account of the second wave. Kotak Life is a subsidiary of Kotak Mahindra Bank. The private sector bank shared an update by the life insurer on its business. It said that the second wave of the pandemic has led to an unprecedented increase in fatalities because of which there has been a rise in death claims since May. Its impact was discussed by the board of Kotak Life…

01 Jun

Kotak Mahindra Bank customers can update their address through DigiLocker

editor0 CommentsBusinessDigiLocker, Kotak Mahindra Bank, Net Banking

Kotak Mahindra Bank on Tuesday said it has completed an integration of its net banking platform with DigiLocker. Now customers with the bank can be instantly updated their correspondence address on net banking through DigiLocker. DigiLocker is one of the flagship initiatives under the Government of India’s Digital India programme aimed at providing paperless governance to citizens. With many customers having relocated to their hometowns during the COVID-19 pandemic, this facility gives customers one more option through which they can easily change their correspondence address, instantly and completely online, said a company statement. Puneet Kapoor, President – Products, Alternate Channels…