Kotak Mahindra Bank's digital platform for corporate clients, Kotak fyn, has led to 68% of the bank's corporate banking transactions being conducted digitally, according to Shekhar Bhandari, president of global transaction banking at Kotak. The platform, which was launched in April, aims to reduce the cost of funds for business units by approximately 14% and has already onboarded around 40,000 customers, a quarter of whom are new customers. The bank plans to increase this number to 100,000 by the end of the fiscal year.
from Banking/Finance-Industry-Economic Times https://ift.tt/1ilv9Ie
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