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Saturday, April 8, 2017

Kotak arm for infra debt fund services gets RBI registration

Kotak Mahindra Bank today said its subsidiary for providing infrastructure debt fund services has been registered with the Reserve Bank of India.

"The Reserve Bank has issued a Certificate of Registration to Kotak Infrastructure Debt Fund, subsidiary of the Bank," the bank said in a filing.

With this, the subsidiary will commence business of non-banking financial institution as Infrastructure Debt Fund (NBFC-IDF), it said.

IDFs are investment instruments sponsored by banks or NBFCs, in which domestic/offshore institutional investors, specially insurance and pension funds, can invest through units and bonds issued by them.


Source : Economic Times

1 comments:

KA P said...

Check Q4 2017 results of
Axis Bank
HDFC Bank
Kotak Mahindra Bank
Bandhan Bank
Yes Bank
Indian Bank
IDFC Bank

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