Kotak Mahindra Group announces Kona Kona Umeed

In the midst of the Coronavirus pandemic and as India slowly emerges from the lockdown, Kotak Mahindra Group (Kotak) has announced the launch of Kona Kona Umeed – a 2-month long festival of offers and discounts designed to ignite hope and optimism among its customers. Kona Kona Umeed will provide a range of offers across the group’s suite of products including loans, savings accounts, current accounts, corporate salary accounts as well as curated deals on Kotak debit cards, credit cards and digital payments. In addition, customers can take advantage of Kotak’s suite of digital banking products to complete a range of banking services conveniently from the comfort of their homes.

Kona Kona Umeed includes competitive rates and attractive offers across customer segments including retail, business and agri segments. In addition, Kotak has tied up with over 100 brands to provide exclusive deals to its customers in categories such as shopping, essentials, personal care, education, fitness, health & wellness, kids & parenting, entertainment, cyber care & security, among others.

Puneet Kapoor, President – Products, Alternate Channels and Customer Experience Delivery, Kotak Mahindra Bank said, “The coronavirus pandemic has severely impacted India, both from a health and an economic point of view. As the country gradually begins to reopen and we adjust to restarting life in the new normal, we are pleased to launch Kona Kona Umeed – a range of offers to spread hope and cheer. While the upcoming festive season is expected to be relatively low-key, with Kona Kona Umeed our intent is to give a boost to consumer demand and lift people’s spirits during this incredibly tough time, by making banking and shopping more rewarding for our customers.”

Shares of KOTAK MAHINDRA BANK LTD. was last trading in BSE at Rs.1367.45 as compared to the previous close of Rs. 1388.05. The total number of shares traded during the day was 202714 in over 10332 trades.

The stock hit an intraday high of Rs. 1389.7 and intraday low of 1350.55. The net turnover during the day was Rs. 277723645.

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