Kotak Partners India SME Forum to boost Indian exports

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Kotak Mahindra Bank Limited (KMBL) today announced its partnership with India SME Forum, a non-profit organization for small and medium enterprises, as part of its India Xports 2021 initiative supported by the Ministry of Micro, Small and medium-sized enterprises, the Indian government and the National Small Industries Company (NSIC). The initiative aims to support Indian MSMEs with a range of export and trade finance solutions and to create a sustainable export ecosystem. KMBL offers a full range of business banking solutions to all exporters registered under the India Xports initiative.

KMBL offers a host of customized solutions for start-ups and MSMEs including a variety of current accounts, financing solutions such as business loans and working capital financing, business services, payment solutions such as point of sale and QR solutions and cash management services.

Sunil Daga, President and Head of Corporate Banking Assets, Kotak Mahindra Bank, said: “India Xports is an ideal forum for budding exporters, supporting Indian MSMEs looking to stand out globally with a full range Services. Exporters registered on this portal will greatly benefit from Kotak’s best suite of credit and working capital solutions, helping them realize their true potential. “

Thakur Bhaskar, Senior Executive President & Head – Liability Products and Merchant Acquiring Business, Kotak Mahindra Bank said: “We are delighted to play a key role in supporting Indian entrepreneurs through India Xports. Exporters would benefit from our diverse range of bespoke products. and services offered at more than 80 trade points across the country. Together, we can create an environment that will foster India’s export potential and support the growth of Indian exporting MSMEs. “

Vinod Kumar, Hon. President, India SME Forum & Mg. Partner, SDRC International, said, “India Xports will be a smart catalyst for Indian MSMEs wishing to internationalize, bringing MSME exports to their full potential and helping progressive MSMEs to become globally competitive and competitive. transform their business, creating much-needed jobs in labor intensive sectors. “

Key Benefits of KMBL for Exporters Registered on India Xports *:

  • Custom business loans are available up to Rs. 75 lakh without any collateral or security deposit.
  • A range of products are offered on a fund-based or non-fund-based working capital basis to meet the specific needs of each business.
  • Customers can choose from a range of current account variants and earn interest on unused funds with the ActivMoney feature, in which excess funds above a specified threshold are transferred from current accounts to fixed and vice deposits. versa.
  • KMBL’s Privy League premium current account offers the best rates, higher cash deposit and withdrawal limits, attractive rates on business services and priority processing.
  • KMBL’s nodal account services facilitate collection and subsequent payment to sellers.
  • The KMBL Global Trade Account enables users to conduct transparent cross-border business transactions.
  • KMBL’s Forex Live platform allows clients to book exchange rates at their convenience.

The India Xports initiative is a reservoir of knowledge for all exporters. The initiative is a one-stop-shop on exports and trade finance, logistics, research and market intelligence on MSME products. The initiative aims to realize the untapped export potential of Indian MSMEs.
Shares of Kotak Mahindra Bank Limited were last trading in BSE at Rs. 2016.10 from the previous close of Rs. 2006.15. The total number of shares traded during the day was 22,101 in more than 1,596 transactions.

The stock hit an intraday high of Rs. 2,025.00 and an intraday low of 1985.50. The net turnover during the day was Rs. 44318603.00.

* General conditions apply

Credit is at the sole discretion of Kotak Mahindra Bank Ltd and subject to guidelines issued by RBI from time to time. The bank may engage the services of a marketing agency for the purpose of researching loan assets.


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