Indian Bank
Kotak Mutual Fund increased its stake in Indian Bank from 2.14% to 2.38%, acquiring 3,308,152 shares.
A public sector bank established in 1907, Indian Bank provides comprehensive financial services including deposits, loans, and treasury operations to customers across India. The bank operates through four main business segments: Treasury, Corporate and Wholesale Banking, Retail Banking, and Other Banking Operations, serving both individual and institutional customers with a diverse range of banking solutions and financial products tailored to their needs.
Wholly owned subsidiary of Kotak Mahindra Bank, one of India's leading private banks. Manages over Rs 4.5 lakh crore in AUM. MD Nilesh Shah is a fixture in Indian financial media and one of the most quoted fund managers in the country. Known for disciplined quality growth positioning and clear communication of investment rationale to investors.