Kotak Mahindra Bank to Integrate Kotak Mahindra Investments’ Business Activities
March 24, 2026 – Kotak Mahindra Bank Limited announced today that the business activities of Kotak Mahindra Investments Limited (KMIL), a wholly-owned subsidiary, will be conducted departmentally within the Bank, effective April 1, 2026. This decision aligns with the Reserve Bank of India (RBI) (Commercial Banks - Undertaking of Financial Services) Directions, 2025, and aims to simplify group operations and enhance synergies.KMIL’s Board of Directors approved that the company will cease sanctioning new loans from April 1, 2026, and will continue servicing existing facilities and fulfilling obligations under facility agreements executed prior to March 31, 2026.
For the fiscal year 2024-25, KMIL reported a net total income of Rs. 795 crore and a profit after tax of Rs. 501 crore, representing approximately 1.0% of the consolidated net total income and approximately 2.3% of the consolidated profit after tax of the Bank, respectively. KMIL’s net-worth as of March 31, 2025, was Rs. 3,842 crore, which is roughly 2.4% of the consolidated net-worth of the Bank. The Bank stated the impact of these decisions on its consolidated turnover, profit after tax, and net-worth is not material.
Source:
Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.