Kotak Mahindra Bank has acquired 1,30,80,000 Equity Shares (46.7% of the issued and paid-up Equity Share Capital) of Kotak Mahindra Pension Fund (KMPFL) from Kotak Mahindra Asset Management Company (KMAMC). KMPFL was a direct subsidiary of KMAMC and post the said acquisition of shares, KMPFL has now become a direct subsidiary of the Bank.
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.
