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Sunday, June 27, 2021

USD 1-bn corpus: Kotak Special Situations Fund invests USD 502 mn so far

Kotak Investment Advisors, a part of Kotak Mahindra Bank, February 2019 launched KSSF as an AIF special situations fund with a USD 1-billion corpus. It received 50 per cent maiden money from the UAE sovereign wealth fund Abu Dhabi Investment Authority (USD 500 million), 25 per cent (USD 250 million) from the Singaporean sovereign wealth fund GIC, and the rest between Premji Invest and Kotak Group.

from Banking/Finance-Industry-Economic Times https://ift.tt/3didJij
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Indian economy poised for recovery in FY22: SBI Chairman Dinesh Kumar Khara

Khara, however, said that policy measures and the coordinated efforts of the Reserve Bank of India (RBI) and the Centre were directed towards enabling growth on a more durable basis during these difficult times.

from Banking/Finance-Industry-Economic Times https://ift.tt/3y02YJs
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Allow life insurers to play bigger role in healthcare ecosystem, HDFC Life chief Parekh urges Irdai

The year started on an uncertain note, the pandemic led to a significant loss of human life and now presents a challenge to public health systems, the way of working and the social norms, Parekh said in his address to shareholders in the company's annual report for 2020-21.

from Banking/Finance-Industry-Economic Times https://ift.tt/3vUu7f7
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RBI hunts for entity that can develop multimedia publicity material for awareness campaign

The pan-India campaign to educate the general public about the essential rules and regulations will be launched in Hindi, Assamese, Bangla, Gujarati, Kannada, Malayalam, Marathi, Oriya, Punjabi, Sindhi, Tamil, Telugu and Urdu besides English.

from Banking/Finance-Industry-Economic Times https://ift.tt/2Sv12JD
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Cabinet secretary-led panel holds crucial meeting on bank privatisation

The meeting of the high-level panel deliberated on the recommendation of the NITI Aayog on Thursday June 24, sources said, adding the panel would after tying up all loose ends will send the names of the shortlisted PSU banks to AM for consideration.

from Banking/Finance-Industry-Economic Times https://ift.tt/3diK2xg
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