Kotak Special Situations Fund invests $502 million so far with $1-bn corpus
Kotak Investment Advisors, a part of Kotak Mahindra Bank, February 2019 launched KSSF as an AIF special situations fund with a $1-billion corpus.
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Kotak Investment Advisors, a part of Kotak Mahindra Bank, February 2019 launched KSSF as an AIF special situations fund with a $1-billion corpus.
For the divestment process to move forward, amendments will be required to the Banking Regulations Act among some other banking laws.
According to reports, the cabinet secretary held a meeting with the high level panel regarding the privatization of the two public sector banks. The meeting was held to discard various regulatory and administrative issue so that the proposal could be placed before the group of ministers on disinvestment or Alternative Mechanism (AM) for approval. Following, […]
In Financial Year’21, the banking sector has recorded the highest profit ever at Rs 1,02,252 crores, amidst COVID-19, a time when economy was going through its toughest times. This is said to be a huge turnaround after the net loss of Rs 5,000 crore recorded by the sector in Financial Year’19. The biggest turnaround took […]
The Reserve bank of India (RBI) on Friday laid down a set of rules for appointing managing directors and whole time directors in Urban cooperative banks. It has limited the tenure for an appointed person to 15 years. On the first appointment, the term of a director will be a for a period between three […]
Recently, a proposal by Centrum Financial Services and BharatPe was given an in-principal approval by the regulator to take over the PMC Bank.
After two member gang exploited the technical flaws and looted at least 48 lakhs from the bank, India’s largest bank – State Bank of India has ceased its functioning of Automated Transaction Machine (ATMs) across Tamil Nadu. How will it impact SBI’s Customers? The SBI customers wont be able to make any transaction or withdraw […]
The ED has taken steps to seize assets to the tune of Rs 18,170.02 crore which can cover over 80.45% of the total losses the banks had to bear.
The Modi government has set a target to raise a total amount of Rs.1.75 lakh crore through disinvestment during the fiscal year 2021-22.
Dewan Housing Finance Corp. Limited’s fixed deposit holders who are on the edge of loosing a wide part of their savings might witness some relief with lenders to the bankrupt mortgage lender eyeing a increased payout to FD holders from the firm’s insolvency proceedings. According to DHFL’s resolution plans, DHFL’s committee of creditors (CoC) may […]