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