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Kotak Mahindra Bank raises Rs 1000 crore through NCDs

14 Feb 2024 Evaluate

Kotak Mahindra Bank has raised Rs 1000 crore through the allotment of 100,000 Senior, Rated, Listed, Unsecured, Redeemable, Long Term Fully Paid Up Non-Convertible Bonds in the nature of Debentures, of the face value of Rs 1,00,000 each, (NCDs), issued on private placement basis. Date of maturity of the said NCDs will be on February 14, 2031. 

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
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