KOTAK MAHINDRA BANK LTD.

KOTAK MAHINDRA BANK LTD. - Updates

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25 Nov 2014
Kotak Mahindra Bank Ltd has informed BSE that the Bank on November 25, 2014 received approval from Reserve Bank of India (RBI) to form a subsidiary to enter the General Insurance business.<br/><br/>The Bank had earlier received an in-principle approval from Insurance Regulatory and Development Authority (IRDA) for incorporation of a General Insurance Company. The Company would now be required to apply and complete the registration process with IRDA to act as a General Insurance Company, subject to the provisions of Insurance Act 1938, Companies Act, 2013, regulations notified by IRDA and all other laws prevailing in India.
View all announcements for KOTAK MAHINDRA BANK LTD.	Source: BSE India

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