Saturday, July 13, 2024

Kotak Mahindra Bank forays into Healthcare Financing

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 ecosystemincluding hospitals,
laboratories, diagnostic centres, nursing homes, clinics, doctors and medical quipmentmanufacturers &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.

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.

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