Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us  
Google
Web www.equitybulls.com
Stock Report

| More

Kotak Mahindra Bank forays into Healthcare Financing

Posted On: 2021-09-26 17:03:24 (Time Zone: IST)


To bring a sharper focus to the healthcare sector with a targeted set of product offerings, Kotak Mahindra Bank (KMBL) today announced that it has launched a tailored and holistic suite of healthcare financing solutions ranging from healthcare infrastructure loans, medical equipment finance and unsecured healthcare loans, catering to key stakeholders in the healthcare ecosystem including hospitals, laboratories, diagnostic centres, nursing homes, clinics, doctors and medical equipment manufacturers & dealers.

KMBL has introduced a comprehensive bouquet of offerings at attractive interest rates to meet the financing requirements of all the key players. This includes innovative lending facilities such as the Insta Programme for quick approval of loans up to Rs. 50 lakh.

The Indian healthcare industry is estimated to record strong growth over the next few years. Increasing investments in healthcare are fueled by a greater focus on the part of the government to provide accessible, affordable and quality healthcare across the country. Further, rising insurance coverage and a distinct shift towards wellness & preventive healthcare, in addition to medical tourism, all point towards a robust long-term growth outlook for the industry.

Sunil Daga, President & Head - Business Banking Assets, Kotak Mahindra Bank said, "Unquestionably, healthcare is a priority sector for India over the next 3-5 years and beyond. The pandemic has only served to underscore the importance of the sector and the need for increased expenditure and investments to improve both the capacity and the quality of the country's healthcare infrastructure. To add to this, we are also seeing a growing consciousness towards health and wellness by consumers."

"The industry is at a pivotal juncture, and we believe the time is right for a customised and diversified range of funding options to cater to the entire supply chain. Kotak's healthcare finance proposition will support the growth of the Indian healthcare industry," added Sunil.

KMBL will provide the complete range of healthcare financing options:

- New & Refurbished Medical Equipment Finance - for purchase of medical equipment from manufacturers / authorised dealers

- Working Capital Loans - for managing the cash flow requirements of the business

- Healthcare Infrastructure Loans - for upgradation/renovation of medical facilities, hospitals and clinics, enhancing capacity or setting up of new hospitals, clinics and diagnostic centres

- Unsecured Doctor Loans & Loans against Receivables - to healthcare institutions and individual doctors for expansion of business

- Insta Programme - Quick Approval for loans up to Rs. 50 lakh with minimum documentation

For details on Kotak's Healthcare Financing Solutions, Click Here.

Shares of Kotak Mahindra Bank Ltd. was last trading in BSE at Rs. 2027.1 as compared to the previous close of Rs. 2024.1. The total number of shares traded during the day was 79794 in over 6061 trades.

The stock hit an intraday high of Rs. 2052 and intraday low of 2014.05. The net turnover during the day was Rs. 162154957.


Click here to send ur comments or to feedback@equitybulls.com





Other Headlines:

Dr. Reddy's Laboratories launches Carmustine for Injection, USP in the U.S. Market

Karnataka Bank lays foundation stone for proposed Centenary Building

DOT approves Optiemus Group company's PLI scheme

HFCL Ltd arm gets approval for availing benefits under PLI scheme

Knowledge Marine & Engineering Works Limited purchases vessel TSHD Cauvery

SRF Ltd allots 23,69,80,820 Bonus Equity Shares

Steel Exchange India Limited board approves preferential issue of warrants, CCDs

Karnataka Bank gets new Chairman

California Software Company Ltd Q2FY22 consolidated PAT at Rs. 2.68 crore

Radhika Jeweltech Ltd board to consider migration from SME platform

M M Forgings Limited to acquire Cafoma Autoparts Private Limited

L&T launches L&T EduTech

PTC India Financial Services Ltd announces expiry of tenure of Mrs. Pravin Tripathi

Shilpa Medicare raises over Rs. 297 crore from marquee investors

Metropolis Healthcare Ltd revises terms of acquisition of Hitech

AF Enterprises Ltd allots 10 lakh shares

Trident Group Commissions Solar Power Plant at Budhni, Madhya Pradesh

Ircon International Ltd bags contract for Rs. 11.74 crore

National Fertilizers Ltd appoints additional director

Rain Industries Limited arm completes upgradation project of cement plant

EKI Energy Services Ltd defers stake acquisition in Sustainplus Rise Pvt Ltd

Soma Textiles & Industries Limited announces resignation of CFO

Balu Forge Industries Ltd executes agreement with Hilton Metal Forging Ltd

Moschip Technologies unveils Multi-Protocol long range 8G SerDes PHY in 28nm

Eco Recycling Ltd Q2FY22 consolidated net profit slides QoQ

Ind-Ra affirms rating of PNB Gilts Ltd

Capital India Finance Ltd receives approval for inward crossborder money transfer

Kotak Partners India SME Forum to Give a Boost to Indian Exports

Dixon Electro Appliances, received approval under PLI scheme of Government of India

HCL Technologies to evolve Long Term Incentive Plan, replacing portion of Cash Compensation with RSUs

Lloyds Steels Industries Ltd appoints additional director

Grasim Industries Limited announces resignation of Shri Vipin Anand

HCL Technologies Ltd board declares interim dividend of Rs. 10 for FY22

Shilpa Medicare Limited approves preferential allotment to investors

Lloyds Steels Industries Limited board approves preferential allotment, capacity expansion

Indiabulls Real Estate Ltd consolidated Q2FY22 net profit at Rs. 5.53 crore

Den Networks Ltd Q2FY22 consolidated net profit slips QoQ to Rs. 39.39 crore

Mahindra CIE Automotive Ltd consolidated Q3CY21 PAT at Rs. 166.32 crore

NBCC India secures total business of Rs. 2100.96 crore in September, 2021

Shri Gudey Srinivas appointed as Government Nominee Director in BPCL

Dhruv Consultancy Services Ltd receives LOA for consultancy services

Hero MotoCorp launches the new Xtreme 160R Stealth Edition

Godawari Power and Ispat Ltd fixes Oct 27, 2021 as record date for stock split, bonus issue

NR Agarwal Industries Ltd approves asset sale to Shree Ajit Pulp and Paper Ltd

Danlaw Technologies India Ltd announces resignation of MD

Inox Wind Ltd reports consolidated loss of Rs. 57.26 crores in Q2FY22

Golkonda Aluminium Extrusions Ltd posts Rs. 24.4 lakhs PAT in Q2 FY2021-22

Benares Hotels Ltd Q2FY22 PAT rises to Rs. 48.47 lakhs

Radhe Developers India Ltd Q2FY22 net profit at Rs. 9.11 crore

HCL Technologies Ltd posts consolidated PAT of Rs. 3259 crores in Q2FY22


Website Created & Maintained by : Chennai Scripts
West Mambalam, Chennai - 600 033,
Tamil Nadu, India

disclaimer copyright © 2005 - 2020