Kotak Mahindra Bank Ltd.

Allianz Investment Management SE (Allianz) has partnered with Kotak Investment Advisors, a wholly owned subsidiary of Kotak Mahindra Bank, to invest in the Indian private credit market. So far, Allianz - the investment management arm of Allianz Group - has invested around $650 million in the country's private credit market and plans to increase it to $1 billion in 2021. In February this year, it had made its maiden credit investment of $150 million in Kotak Investment Advisors' (KIAL) 11th Real Estate Debt Fund that achieved closure of $380 million.

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.