Kotak Mahindra Bank Ltd.

BSE: 500247 | NSE: KOTAKBANK
Large Cap | Bank - Private
391.65
-1.35 (-0.34%)
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Kotak Mahindra Bank’s arm earmarks Rs 50 crore corpus to invest in startups

Date: 06-01-2021

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.