Kotak Securities launches Kotak Pearl for women investors

Kotak Securities, a subsidiary of Kotak Mahindra Bank has introduced ‘Kotak Pearl', a special trading account for women. This new trading account comes with 50% brokerage cash-back on cash market trades for the first three months and brokerage of 0.01% on Kotak Gold ETF (exchange traded fund) transactions. Moreover, the account will allow women investors to enjoy the regular offerings of Kotak Securities such as online trading platform KEAT ProX, mobile trading application Kotak Stock Trader, expert research recommendations and a customer service desk that can service in 10 different languages. Kotak Mahindra Bank has reported 6.00% fall in its net profit at Rs 339.98 crore for third quarter ended December 31, 2013 as compared to Rs 361.68 crore for the same quarter in the previous year.  However, total income of the bank has increased by 3.86% at Rs 2492.01 crore for quarter under review as compared to Rs 2399.44 crore for the quarter ended December 31, 2012.