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Kotak Mahindra Bank’s arm earmarks Rs 50 crore corpus to invest in startups

06 Jan 2021 Evaluate

Kotak Mahindra Bank’s subsidiary company -- Kotak Securities is setting aside a corpus of Rs 50 crore to invest in startups and financial technology companies. It has set up a corporate development department (CDD) for the startup investment and engagement programme, wherein it will be incubating and investing in the innovative companies.

Kotak Mahindra Bank offers a wide range of banking products and financial services for corporate and retail customers through a variety of delivery channels and specialized subsidiaries in the areas of personal finance, investment banking, life insurance, and wealth management.

Peers
Company Name CMP
HDFC Bank 685.00
ICICI Bank 1385.70
Axis Bank 1226.10
Kotak Mahindra Bank 457.00
Indusind Bank 868.40
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