Posts Tagged “Kotak”

SBI, Bank of Baroda, Kotak Mahindra Bank offer personal loan in 59 minutes. How it works

By |

SBI, Bank of Baroda, Kotak Mahindra Bank offer personal loan in 59 minutes. How it works

Banks have now started offering in-principle approval of personal loan in less than an hour on ‘PSB Loans in 59 Minutes’ portal from this September. More than 25 public and private sector banks, including the State Bank of India (SBI), Punjab National Bank (PNB), Bank of Baroda, Kotak Mahindra Bank and Union Bank of India will approve…

Read more »

Why Uday Kotak believes equity beats gold investments

By |

Why Uday Kotak believes equity beats gold investments

New Delhi: Gold has historically been a favoured asset class for Indians but billionaire banker Uday Kotak believes there should be a new policy that will reset investor priority to equity, a more productive asset than the precious metal. Kotak said in a series of tweets on Monday why pouring Indians’ savings into gold was not…

Read more »

Kotak Special Situations Fund gets commitments worth $1 billion

By |

Kotak Special Situations Fund gets commitments worth $1 billion

Kotak Special Situations Fund, which aims to invest in distressed assets, has reached its final close with total commitments of $1 billion ( ₹7,000 crore) from investors, a top executive said. The fund, launched in February 2019, is anchored by a $500 million commitment from sovereign wealth fund Abu Dhabi Investment Authority (ADIA). The fund will be managed…

Read more »

Kotak Fund to tap opportunities in distressed assets

By |

Kotak Fund to tap opportunities in distressed assets

MUMBAI: Kotak Investment Advisors, which manages about $3.5 billion worth of assets, is set to begin deploying th e money it has raised in the past month via two funds that are backed by Abu Dhabi Investment Authority (ADIA). Big opportunity lies ahead in India in distressed assets and commercial real estate space,” said S Sriniwasan, managing director, Kotak…

Read more »