Kotak Mahindra Bank: Associates with AIILSG to improve educational quality and infrastructure development in five schools in Ratnagiri District, Maharashtra | Tech US News

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Kotak Mahindra Bank in collaboration with AIILSG improved the quality of education and infrastructure development in five schools in Ratnagiri district, Maharashtra.

Minister for Industries, Government of Maharashtra Shri. Uday Sumant inaugurated the CSR.

The project is being implemented in Ratnagiri district.

Ratnagiri, 6Th November, 2022: Kotak Mahindra Bank Limited (“KMBL”https://news.google.com/”Kotak”) announces its CSR association with the All India Institute of Local Self-Government(AIILSG) to improve the quality of education and infrastructure development in five schools in Ratnagiri district of Maharashtra. Shri Uday Samant, Hon’ble Cabinet Minister for Industries, Maharashtra and Guardian Minister of Ratnagri and Raigarh inaugurated the CSR project at Damle School and Gandhi Urdu School. Opening

The function was attended by Shri. Tushar Babar, CEO, Ratnagiri Municipal Council; Shri Sunil Patil, Administrative Officer (Education Wing) and Ratnagiri Municipal Council, Ms. Swathi, Senior Program Director, AIILSG and Kotak Mahindra Bank employees – Mr. Shinoj Thomas, Mr. Prakshit Masaram, Mr. Yogesh Karmarkar, Mr. Girish Shivade and Mr. Gajendra Dixit.

AIILSG is the implementing agency under KMBL’s CSR project on Education and Livelihood which is working on infrastructure development and classes in five schools – Damale Vidyalaya, Rashtrapita Mahatma Gandhi School, Dr. Abdul Kalam Azad Vidyalaya, Patwardhan Vidya Mandir and K. Introducing digital learning technologies in the rooms. Gulab School About 1,500 students from five schools in Ratnagiri district will benefit from this CSR project.

R. Vardharajan, Senior Executive Vice President, Kotak Mahindra Bank Ltd. said, “Kotak Mahindra Bank recognizes the need to provide quality education to disadvantaged students, including students living in rural areas. About 1,500 students from five schools in Ratnagiri district A safe and supportive learning environment for students. The CSR project aims to reduce dropout rates, increase retention rates and improve learning outcomes in schools.”

Dr. Mukesh Kanaskar- Deputy Director General, All India Institute of Local Self-Government said, “All India Institute of Local Self-Government is committed to working towards holistic development of children through its innovation.Education Ranjan Centre’. Under Kotak Mahindra Bank’s CSR project, AIILSG will train teachers to increase use of labs and prioritize remedial education.

Shikharan Ranjan Kendra to help children improve their basic academic skills. This CSR

The project will encourage parents to be involved and promote their child’s education.

Educational Activities in Schools”.

About Kotak Mahindra Bank Ltd

Founded in 1985, Kotak Mahindra Group is one of India’s leading financial services groups. In February 2003, the group’s flagship company Kotak Mahindra Finance Limited (KMFL) received a banking license from the Reserve Bank of India (RBI), becoming India’s first non-banking financial company to convert to a bank – Kotak Mahindra Bank Limited.

The bank has four strategic business units – Consumer Banking, Corporate Banking, Commercial Banking and Treasury, which cater to retail and corporate customers in urban and rural India. Kotak is the cornerstone of Mahindra Group’s business model. Focused India, diversified financial services. The bold approach that underpins the group’s growth is a holistic approach, with a range of products and services designed to meet underbanked and underbanked needs. As 30Th As of September, 2022, Kotak Mahindra Bank Ltd has 1,710 branches and 2,802 ATMs, and branches in GIFT City and DIFC (Dubai).

For more information, please visit the company’s website. https://www.kotak.com/.

About All India Institute of Local Self Government

Founded in 1926, AIILSG is one of the oldest NGOs in India. AIILSG has a history of working with various stakeholders to empower marginalized populations. Headquartered in Mumbai, AIILSG has 30 offices spread across India. It has in-house multidisciplinary human resources besides a wide pool of associate experts. This and its international linkages have given the AIILSG the ability to take action on equity and inclusion across India and with other countries.

AIILSG’s direct initiatives in the field of child education for disadvantaged communities, women deprivation, child deprivation, youth, poverty alleviation through total empowerment and its CSR support among its Anchored in the International Center. Equity and Inclusion for Change (ICEQUI-T). The unique feature of this center is that it works in diverse contexts of urban, rural, tribal and unrecognized and nomadic tribes. Its field operations are spread across 436 locations of disadvantaged people such as urban slums, rural and tribal villages and settlements of displaced and nomadic tribes.

For more information, please get in touch.

Revathi Pandit

Sakshi Dennis

Rakesh Sharma

Deepa Menon

Kotak Mahindra Bank

Kotak Mahindra Bank

Fortuna PR

Fortuna PR

Mobile: +919820237909

Mobile: +917045474287

Mobile: +919833537679

Mobile: +919867684883

[email protected]

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Disclaimer

Kotak Mahindra Bank Limited But published this content 07 November 2022 and is solely responsible for the information contained therein. Distributed by the public, unedited and unaltered, on 07 Nov 2022 07:01:04 UTC.

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Analyst Recommendations on Kotak Mahindra Bank Ltd

Sales 2023 562 b
6 845 m
6 845 m
Net income 2023 140 b
1708 m
1708 m
Net Debt 2023

P/E ratio 2023 26,6x
Production 2023 0.06%
Capitalization 3 774 b
45 990 m
45 990 m
CAPITAL / SALES 2023 6,72x
CAPITAL / SALES 2024 5,85x
Number of employees 90 000
Free float 70.5%

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Mean consensus OUTPERFORM
Number of analysts 37
Last close price 1900.65 INR
Average target price 2 105,38 INR
Spread/average target 10.8%


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