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Kotak Mahindra Bank sells 70% stake in Kotak Mahindra General Insurance

19 Jun 2024 Evaluate

Kotak Mahindra Bank has sold 70% stake of Kotak Mahindra General Insurance Company to Zurich Insurance Company (Zurich). With this, Kotak General has ceased to be a wholly-owned subsidiary of the Bank on June 18, 2024 and the Bank now holds the remaining 30% of the share capital of Kotak Mahindra General Insurance Company.

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 705.50
ICICI Bank 1356.70
Axis Bank 1247.00
Kotak Mahindra Bank 441.10
Indusind Bank 877.50
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