To further focus on 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. healthcare ranging from healthcare infrastructure loans, to medical equipment financing and unsecured healthcare. loans, aimed at key players in the healthcare ecosystem, including hospitals, laboratories, diagnostic centers, nursing homes, clinics, physicians, and medical equipment manufacturers and dealers.
The KMBL has put in place a full package of offers at attractive interest rates to meet the financing needs of all key players. This includes innovative loan facilities such as the Insta program for quick approval of loans up to Rs. 50 lakh.
The Indian healthcare sector is expected to experience strong growth over the next few years. The increase in investments in health care is fueled by increased attention on the part of the government to provide accessible, affordable and quality health care across the country. Additionally, increasing insurance coverage and a distinct shift towards wellness and preventative health care, in addition to medical tourism, all point to strong long-term growth prospects for the industry.
Sunil Daga, President and Head of Corporate Banking Assets, Kotak Mahindra Bank said, “Undoubtedly, healthcare is a priority sector for India for the next 3-5 years and beyond. The pandemic has only underscored the importance of the sector and the need for increased spending and investment to improve both the capacity and the quality of the country’s health infrastructure. To add to this, we are also seeing a growing awareness of consumers towards health and wellness.
“The industry is at a crossroads, and we believe the time is right for a personalized and diverse range of financing options to suit the entire supply chain. Kotak’s healthcare funding proposal will support the growth of India’s healthcare industry, ”Sunil added. .
KMBL will provide the full range of healthcare financing options:
– Financing of new and refurbished medical equipment – for the purchase of medical equipment from approved manufacturers / resellers
– Working capital loans – to manage the cash flow needs of the business
– Healthcare infrastructure loans – for modernization / renovation of medical facilities, hospitals and clinics, capacity building or establishment of new hospitals, clinics and diagnostic centers
– Unsecured medical loans and loans against receivables – to health facilities and individual physicians for business expansion
– Insta Program – Fast approval for loans up to Rs. 50 lakh with minimum documentation
For more details on Kotak’s healthcare financing solutions, Click here.
The shares of Kotak Mahindra Bank Ltd. were last trading in BSE at Rs. 2027.1 from the previous close of Rs. 2024.1. The total number of shares traded during the day was 79,794 in over 6,061 trades.
The share hit an intraday high of Rs. 2052 and an intraday low of 2014.05. The net turnover during the day was Rs. 162,154,957.