Kotak Mahindra Bank touches one million FASTags milestone: NPCI Report

Kotak Mahindra Bank

Kotak Mahindra Bank Ltd (KMBL) has touched the milestone of issuing one million FASTags, as per the latest data released by payments regulator, National Payments Corporation of India (NPCI).

This achievement also makes KMBL as the fourth largest FASTag provider in the month of October 2021.

In February 2021, the centre directed that all lanes in toll plazas at national highways be made as FASTag lanes and FASTag should mandatory for all vehicles.

Puneet Kapoor, President – Products, Alternate Channels and Customer Experience Delivery, Kotak Mahindra Bank said, “We are grateful to our customers for trusting us and banking on us as their ‘travel buddy’. Our smooth digital interfaces, easy accessibility to agents, and customised solutions for customers have made us the preferred choice for our customers. Kotak NETC FASTag also offers a wide range of attractive offers.”

"Exciting news! Elets Banking & Finance Post is now on WhatsApp Channels Subscribe today by clicking the link and stay updated with the latest insights!" Click here!

Elets The Banking and Finance Post Magazine has carved out a niche for itself in the crowded market with exclusive & unique content. Get in-depth insights on trend-setting innovations & transformation in the BFSI sector. Best offers for Print + Digital issues! Subscribe here➔ www.eletsonline.com/subscription/

Get a chance to meet the Who's who of the Banking & Finance industry. Join Us for Upcoming Events and explore business opportunities. Like us on Facebook, connect with us on LinkedIn and follow us on Twitter, Instagram & Pinterest.