Arvind Kapil, country head, said the bank is using analytics, linking digital channels to distribution network and pushing business online.
The Bankruptcy Code has three elements —institutional infrastructure, transactions relating to corporate insolvency, transactions relating to individual insolvency.
The bank is awaiting a final nod from the RBI to become the fourth non-banking finance company IDF.
The fresh funds will increase the bank's capital adequacy ratio to 20% helping fuel the bank's growth in the next few years.
We are projecting around 30 bp pick-up in expansion in the gross value in the new fiscal to 7%, mainly because of expansion in services, construction, mining and electricity.
The bank said the fresh capital will help the bank pursue acquisition opportunities in Indian banking and finance, buy stressed loans from other banks.
Kotak Bank has not finalised any merger with any bank or NBFC, said Uday Kotak, adding that he is a big believer in the Indian banking consolidation story.
"We will be doubling the number of customers over the next 18 months," its executive vice chairman Uday Kotak told reporters here.
The portfolios sold include Ruchi Soya, Essar (linked to Hazira port debt) and Lanco loans, people familiar with the matter told ET.
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