Kotak AMC Raises Rs 2,000 Cr Private Credit Fund

Mumbai, May 12 (PTI) Kotak Mahindra Asset Management Company on Tuesday announced that it has raised Rs 2,000 crore for its maiden private credit alternative investment fund.

High-net-worth individuals, family offices, corporate treasuries and institutional investors were among those who have committed money, according to a statement.







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*HDFC Bank's WhatsApp chat banking platform serves 4 crore customers



The country's largest private sector lender HDFC Bank on Tuesday announced that its WhatsApp chat banking platform serves 4 crore customers, or around 40 per cent of its base.


The facility, which has over 225 services across 19 product lines, attained the milestone of 1 crore users being active in a 30-day period as on March 31, a statement said.







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*Aditya Birla Health Insurance launches focused insurance plan



Aditya Birla Health Insurance on Tuesday launched a focused insurance plan, which rewards healthy lifestyles and may also help a customer get back up to 100 per cent of their premiums.

Under the 'Activ Yuva' offering, customers will be rewarded for everyday healthy behaviours across nutrition, fitness, and recovery, according to a statement.