MUMBAI, - Kotak Mahindra Bank is looking for acquisitions, including loan portfolios, while further expanding into alternative assets and other non-banking businesses, its chief executive said, as the Indian lender looks to deploy excess capital to drive growth.
Founded by billionaire Uday Kotak, it aims to become India's third-largest private lender by after-tax profit, CEO Ashok Vaswani told Reuters in an interview on Monday afternoon. "I have very high ambitions," Vaswani said. He said he was interested in "both organic and inorganic" growth when the right opportunity came along.
