Current Affairs - Banking - Discussion

Kotak Mahindra Bank has entered into a strategic partnership with the Government of India, through the Investor Education and Protection Fund Authority (IEPFA), to promote financial literacy and investor protection. This collaboration, formalized by a Memorandum of Understanding, will leverage Kotak’s extensive digital and physical infrastructure—such as ATMs, mobile apps, websites, and social media—to display educational content. The initiative is designed to raise awareness about responsible investing, financial fraud prevention, and investor rights, and is scheduled for rollout in the 2025–2026 financial year. Importantly, the program imposes no financial burden on IEPFA, highlighting its cost-effective and impactful approach.