MUMBAI: Kotak Mahindra Bank is exploring the acquisition of a private sector rival IndusInd Bank, according to the report. IndusInd International Holdings (IIHL) of Hindujas, which is the promoter of IndusInd Bank, has denied the report, while Kotak has not committed. In a report Sunday afternoon, Bloomberg said that Kotak …
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Uday Kotak is analyzing the possibility of a full acquisition of shares. Kotak Mahindra Bank Ltd., backed by Asia’s richest banker, is exploring an acquisition of small Indian rival IndusInd Bank Ltd., people with knowledge of the matter said, a move that would create the country’s eighth largest financial firm …
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Kotak Mahindra Bank, backed by Asia’s richest banker, is exploring an acquisition of a smaller Indian rival IndusInd Bankpeople with knowledge of the matter said. The move would create the eighth largest financial firm in the country by assets. Uday Kotak, founder and CEO of Kotak Mahindra, is looking at …
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The economy may be progressively unlocking, but India’s private sector lenders have yet to see a quick recovery in their lending business. Updates from two private sector lenders indicate that loan growth is not out of the woods yet. IndusInd Bank in a performance update on stocks said its loan …
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Shares of IndusInd Bank, Bandhan Bank and State Bank of India fell like a deck of cards after leaks from the Financial Crimes Enforcement Network (FinCEN) indicated that almost all Indian banks could be part of the suspicious transactions. Between 2010 and 2017, several Indian banks regardless of ownership (public, …
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Between 2010 and 2017, several Indian banks, regardless of ownership (public, private and foreign) helped facilitate transactions reported by the Financial Crimes Enforcement Network (FinCEN) of the Treasury Department for alleged money laundering, terrorism, trafficking drug and financial operations. fraud, the latest leaks suggest. The International Consortium for Investigative Journalism …
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