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Kotak Mahindra Bank’s arm gets RBI’s nod to commence business of NBFC – IDF

Kotak Mahindra Bank’s subsidiary Kotak Infrastructure Debt Fund has received certificate of registration from Reserve Bank of India (RBI) to commence the business of non-banking financial institution as Infrastructure Debt Fund (NBFC-IDF).

IDFs are investment vehicles which can be sponsored by commercial banks and NBFCs in which domestic/ offshore institutional investors, specially insurance and pension funds, can invest through units and bonds issued by the IDFs.

Kotak Mahindra Bank offers a wide range of banking products and financial services for corporate and retail customers through a variety of delivery channels and specialized subsidiaries in the areas of personal finance, investment banking, life insurance, and wealth management.



This post first appeared on Udaipur Kiran, please read the originial post: here

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Kotak Mahindra Bank’s arm gets RBI’s nod to commence business of NBFC – IDF

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