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Employee initiatives announced by Kotak Mahindra Group in view of the ongoing Covid-19 crisis

Posted On: 2020-03-26 13:06:40

Kotak Mahindra Group (Kotak) has implemented measures at its offices and branches to ensure the health and safety of its customers and employees. There are a limited number of staff working at each branch and at the customer contact centre and customers are being encouraged to take advantage of Kotak's net banking and mobile banking facilities to complete a range of banking services conveniently from the comfort of their homes. From 23rd March 2020, Kotak branches will be open from 10am to 2pm.

Kotak has enabled work from home for all functions where possible. The company has a secure mechanism for providing remote access to employees which ensures that security protocols are addressed.

Staff working at offices and branches have been equipped with sanitizers and masks for their protection and are following health advisories related to personal hygiene habits. Fumigation / sanitization of offices and branches is being undertaken, wherever required.

Kotak has announced that all employees or immediate family members that are advised to go for COVID-19 testing will have the cost of the test done through private labs reimbursed to them. The Group will also be paying salaries earlier this month i.e. 26th March 2020.

Shares of KOTAK MAHINDRA BANK LTD. was last trading in BSE at Rs.1294 as compared to the previous close of Rs. 1148.7. The total number of shares traded during the day was 3018699 in over 12013 trades.

The stock hit an intraday high of Rs. 1321 and intraday low of 1120. The net turnover during the day was Rs. 3540615396.


Source: Equity Bulls

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