Bandhan Bank Limited
Kotak Mutual Fund decreased its stake in Bandhan Bank Limited from 3.38% to 2.66% by selling 1,16,21,519 shares.
A private sector bank incorporated in 2014, Bandhan Bank operates across India with a focus on serving underbanked and underpenetrated markets. The company offers a comprehensive range of banking products and services including micro banking, retail deposits, and general banking solutions tailored for underserved customer segments. Its distinctive approach centers on financial inclusion through accessible credit and liability products designed for smaller businesses and retail customers.
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.