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.
