A recent press report said that Kotak Mahindra Bank has entered into a business co-operation arrangement with Malaysia based CIMB Group for cross-border trade in select countries in the India-Asean corridor.
Reports said that the co-operation would cover various businesses of mutual interest, including merger and advisory, trade finance and other corporate solutions, and NRI banking and remittances, subject to relevant regulations.
Reports added saying that CIMB Group is Malaysia’s second largest financial services provider and one of ASEAN’s leading universal banking groups.
Kotak Mahindra Bank Limited is a one stop shop for all banking needs. The bank offers personal finance solutions of every kind from savings accounts to credit cards, distribution of mutual funds to life insurance products.
Kotak Mahindra Bank offers transaction banking, operates lending verticals, manages IPOs and provides working capital loans. Its loan portfolio includes home loans, personal loans, car loan, loan against property etc. The bank has one of the largest and most respected Wealth Management teams in India. It offers the widest range of solutions to high net worth individuals, entrepreneurs, business families and employed professionals.