/ Kotak Infrastructure Debt Fund Gets RBI's Nod ~ Ways2Capital|Stock Tips|Stock Market Tips|Intraday Stock Tips|Stock Trading Tips|NSE BSE Tips

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. 

For Quick Trial – 8962000225 ✔
or mail us here: info@ways2capital.com
✆ - 0731-6626222 | Toll Free - 1800-3010-2007 
Give a Missed Call for Free Trial - 09699997717