Kotak Mutual Fund decreased its stake in The South Indian Bank Limited from 4.25% to 4.22%, selling 9,00,000 shares for ₹4.13 crore at ₹45.88 apiece.
A private sector bank established in 1929, South Indian Bank was the first scheduled bank among private banks in Kerala and has maintained a strong presence across south India. The bank provides retail and corporate banking services, debit card offerings, third party financial product distribution, and treasury and foreign exchange operations to its customer base.
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.
