The bank's board will consider a proposal for issuance of unsecured, redeemable, non-convertible debentures / bonds / other debt securities, on private placement basis, in Indian / foreign currencies, in domestic and / or overseas markets, in one or more tranches, during FY 2022-23.
Kotak Mahindra Bank is a full-service commercial bank. As on 30 September 2021, Kotak Mahindra Bank has a national footprint of 1,622 branches and 2,601 ATMs.
The bank's net profit declined 7% to Rs 2,032 crore on 2% rise in total income to Rs 8408.87 crore in Q2 FY22 over Q2 FY21.
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