Kotak Mahindra Bank Completes Integration for GST Payment

Press release

Kotak Mahindra Bank Completes Integration for GST Payment

Mumbai, 05e August 2022: Kotak Mahindra Bank Limited (“KMBL” https://www.marketscreener.com/”Kotak”) today announced the completion of its integration with the GST Portal. KMBL is one of the first scheduled private sector banks to be integrated after the Center cleared all banks to participate in government business last year. Kotak customers can now pay GST instantly directly on the GST portal without having to leave the comfort of their home/office. This facility is offered to individuals, companies, institutions and their representatives.

Dipak Gupta, Co-Chief Executive Officer of Kotak Mahindra Bank, said, “Providing a seamless banking journey to customers is in Kotak’s DNA. Integrating Kotak Net Banking into the GST Portal ensures fast, easy and convenient payments for our customers.”

Recently, KMBL announced its integration with the new income tax service portaland was also posted on the Indian Customs Electronic Gateway (ICEGATE). KMBL has thus become a payment partner for direct and indirect taxes.

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About Kotak Mahindra Bank Limited

Established in 1985, Kotak Mahindra Group is one of India’s leading financial services conglomerates. In February 2003, Kotak Mahindra Finance Ltd. (KMFL), the flagship company of the group, received a banking license from the Reserve Bank of India (RBI), becoming the first non-banking financial company in India to transform into a bank – Kotak Mahindra Bank Ltd.

The Bank has four strategic business units – Consumer Banking, Corporate Banking, Commercial Banking and Treasury, which cater to individuals and businesses across urban and rural India. The premise of Kotak Mahindra Group’s business model is Concentrated India, diversified financial services. The bold vision behind the Group’s growth is inclusive, with a host of products and services designed to meet the needs of the unbanked and underbanked. Like the 30e June 2022, Kotak Mahindra Bank Ltd has a nationwide footprint of 1,702 branches and 2,761 ATMs, and branches in GIFT City and DIFC (Dubai).

For more information, please visit the company’s website at https://www.kotak.com/.

For more information, please contact:

Revathi Pandit

Sakshi Denis

Rakesh Sharma

Deepa Menon

Kotak

Mahindra

Bank

Kotak

Mahindra

Bank

Fortuna PR

Fortuna PR

Mobile:

+91 98202

37909

Mobile:

+91 70454

74287

Mobile: +91 98335 37679

Mobile: +91 98676 84883

[email protected]

[email protected]

[email protected]

[email protected]

About Matthew R. Dailey

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