MoneyWorks4Me

Kotak Mahindra Bank gets nod to raise funds up to Rs 7,000 crore through NCDs

16 Jun 2023 Evaluate

Kotak Mahindra Bank has received approval to raise funds not exceeding Rs 7,000 crore through issuance of Unsecured, Redeemable, Non-Convertible Debentures (NCDs), in one or more tranches / series, on a private placement basis, during the FY 2023-24, under the prevailing Members’ approval. The Board of Directors of the bank at their meeting held on June 16, 2023 has approved the same. 

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 703.80
ICICI Bank 1357.00
Axis Bank 1243.90
Kotak Mahindra Bank 440.80
Indusind Bank 876.25
View more..