Kotak Mahindra Bank gets Rs 5,400 crore deposits in Rs 2,000 banknotes
The bank floated 'ActivMoney' feature for saving and current accounts and started the incorporation of Kotak Karma Foundation
 "Kotak Mahindra Bank gets Rs 5,400 crore deposits in Rs 2,000 banknotes")
Kotak Mahindra Bank on Thursday said in a press meet that it had received around Rs 5,400 crore in deposits following RBI’s decision to withdraw Rs 2,000 note from circulation.
The bank has got 3.5 per cent money that is deposited with banks, said Virat Diwnaji, group president & head of consumer banking, Kotak Mahindra Bank.
The bank floated ‘ActivMoney’ feature for saving and current accounts and started the incorporation of Kotak Karma Foundation.
Disclosure: Entities controlled by the Kotak family have a significant holding in Business Standard Pvt Ltd