Kotak Mahindra announces direct assignment of loan portfolio from Kotak Mahindra Investments

Kotak Mahindra Bank announced that the loan portfolio of Kotak Mahindra Investments (KMIL), aggregating to an outstanding amount of Rs. 9,587.62 crore as on 01 July 2026, stand directly assigned to the Bank, with effect from the same date.

The aforesaid direct assignment has been effected in furtherance of the decision of the Bank to conduct the business activities of KMIL departmentally within the Bank on and from April 1, 2026, in compliance with the provisions of the Reserve Bank of India (Commercial Banks - Undertaking of Financial Services) Directions, 2025 and in the interest of group simplification and to drive operations synergies.