Kotak Mahindra Bank Ltd.

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.