Kotak Mahindra Bank joins IMPS on 07/01/2011
It is only a soft launch. In a couple of months, all the Kotak Mahindra Bank customers would be able to fully utilize the network of IMPS.
As already few Banks are part of the IMPS, Kotak Mahindra Bank, will be able to commercial launch IMPS soon, ironing out the glitches if any.
This is the non-banking finace company which was given a Licence by Reserve Bank of India, to convert into a Bank.
At present, the Bank has 245 brick and mortar branches and 75 ATM’s
Of course, the number of ATM’s is irrelevant, as customers can access any Bank ATM.
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