Kotak may buy IndusInd Bank, says a report

| Oct 26, 2020, 09:01:26 AM | TOI.in
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A deal between Kotak and IndusInd would find favour with the banking regulator as Kotak Bank has a strong capital base and a good asset quality, which gives it a high capacity to absorb a smaller bank. Promoter Uday Kotak’s stake in his bank has fallen to about 26% after a qualified institutional placement of shares worth Rs 7,442 crore amid the lockdown.

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