Kotak Mahindra Bank - Safest Bank during outbreak of pandemic
We can see how covid-19 makes super power of this world helpless and seized economy of most of major countries. Indian economy will definitely not left untouched from its effect.Now major concern of most people of our country is "our money is safe or not in banks" after experiencing Yes bank crisis.
As you can see share prices of top banks dropped significantly during lockdown.
Even during lockdown Kotak Mahindra bank deposit shows 12% growth means customer have more trust on kotak Mahindra bank also May be they are diverting there funds in kotak Mahindra bank account.
MCAP ratio - Mcap ratio shows how safe your bank is?
Lower the Mcap ratio safer will be the bank.
Mcap ratio <= 2.5 means your bank is safe.
Bank. Mcap ratio ---------------------------------- Kotak bank 0.83 Hdfc bank. 1.83 IndusInd bank. 2.4 Icici bank. 2.5 Axis Bank. 2.55 Yes bank. 8.3
Now you can understand the reason of yes bank crisis because it's Mcap ratio is greater than 2.5. But you can see the Mcap ratio of kotak bank is even less than hdfc bank so you can say that kotak bank is safer than India's largest private bank - HDFC bank.Kotak Mahindra Bank NPA is very minimal that's why it is Safest Bank of India.Even the Mobile banking app of kotak Mahindra bank have better features than any other Apps.Now if you want to start your banking journey with Kotak Mahindra Bank then you can open a 811 zero balance Digital account from the comfort of your home.