Mumbai, November 2, 2022: Kotak Securities Limited (KSL) has crossed a major milestone of imparting financial literacy to more than 55000 students across India. The programme - “Kona Kona Shiksha”- is Kotak Securities’ CSR Project on Education & Livelihood to promote financial literacy among the students of the country.
The programme which empowers students with knowledge on personal finance, fundamentals of investing in securities markets, investment principles and practices, etc., is being implemented by National Institute of Securities Markets (NISM). NISM is an education initiative of Securities and Exchange Board of India established in 2006 and carries out a wide range of capacity building activities at various levels aimed at enhancing the quality standards in securities markets.
According to Kotak Securities officials, since its launch in July, 2021, the CSR initiative has been implemented at 164 locations across India with 750 training programmes conducted so far.
Under the programme, NISM through empaneled resource persons train students at colleges across India and through online teaching modules. Each student undergoes a rigorous 10-hour training module, which concludes with online assessment and certification by NISM. In cities like Bhopal, Indore, Pune and Surat the participation of the students was the maximum.
Dr. CKG Nair, Director, NISM said, “As India is going in the direction of Innovation and start-up culture where the students would not only be a job seeker, but also a job provider, having financial awareness is a must in this era. This CSR Project - Kona Kona Shiksha, has helped many students to understand the topics ranging from the basics of investment to the details of the securities market products, Institutions and intermediaries. There is a huge requirement for such training programmes across India and we are determined to reach out to more cities and students in this financial year."
Narayan SA, Chairman, Kotak Securities Limited said, “I am truly excited with the milestone Kona Kona Shiksha has achieved in the last one year. The journey we had set forth at Kotak Securities in collaboration with NISM to impart financial literacy for the students across the country has been significant so far and inspires us to expand the programme to the unreached locations in the country. This CSR initiative will help the students craft their pursuit with adequate knowledge of finance and be there in the race well-equipped.”
In addition to “Kona Kona Shiksha”, Kotak Securities’ implements its CSR Project on Education & Livelihood with partner organisations such as Kotak Education Foundation (KEF) and Pratham Education Foundation.
Kotak Securities Limited (KSL), a subsidiary of Kotak Mahindra Bank, is one of India’s largest full-service stock broking firms catering to retail and institutional investors across all segments of the capital market. As on 30th September, 2022, KSL has a national footprint of 180 branches, 1317 franchisees and satellite offices across 388 cities in India serving 34.9 lakh active client base.
