Monday, 10 April 2017


Kotak Mahindra Bank has been creating the right noise in the market for quite some time. After revamping their digital skeleton, the bank is all set to unfurl its subsidiary Kotak Infrastructure Debt Fund. Kotak Mahindra has received a green signal from the Reserve Bank of India for starting this new non-banking financial institution infrastructure debt fund (NBFC-IDF). 

The NBFC-IDFs are backed by commercial banks, and domestic and offshore investors can invest into the NBFCs through units and bonds issued by IDFs. There are only three NBFC-IDFs registered with RBI. They are L&T Infra Debt Fund; IDFC Infra Debt Fund; and India Infradebt (a joint venture between ICICI Bank, Bank of Baroda, Citi Bank and LIC). 

The bank has already hogged the limelight and lured many of the investors and customers through key mergers and massive digitisation. The bank is on an expansion mode, and they are planning to multiply their customer base in the coming few years. 

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