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Kotak Mahindra Bank to raise Rs 300 crore via infrastructure bonds

05 Aug 2014 Evaluate

Kotak Mahindra Bank is planning to raise around Rs 300 crore through infrastructure bonds, rated ‘AAA/stable’ by CRISIL. The bonds will improve the bank’s asset-liability profile.

CRISIL also upgraded the bank’s tier-II bonds from ‘AA+/stable’ to ‘AAA/stable’, reflecting the successful scale-up of the group's lending business and strong asset quality.

Kotak Mahindra Bank is engaged in commercial banking, stock broking, mutual funds, life insurance and investment banking. The bank has an international presence through its subsidiaries with offices in London, New York, Dubai, Mauritius, San Francisco and Singapore that specialize in providing services to overseas investors seeking to invest into India.

 

Peers
Company Name CMP
HDFC Bank 692.30
ICICI Bank 1394.00
Axis Bank 1214.70
Kotak Mahindra Bank 461.00
Indusind Bank 840.00
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