Kotak Mahindra Bank Ltd.’s chief executive said the valuation sought for a stake in IDBI Bank Ltd. was too high, underscoring tepid bidder appetite for IDBI even as Kotak Mahindra Bank reported better-than-expected fourth-quarter earnings on Saturday.
Kotak Mahindra Bank Ltd.’s chief executive said the valuation sought for a stake in IDBI Bank Ltd. was too high, underscoring tepid bidder appetite for IDBI even as Kotak Mahindra Bank reported better-than-expected fourth-quarter earnings on Saturday.
Ashok Vaswani, chief executive officer of Kotak Mahindra Bank Ltd., during an interview at bank's headquarters in Mumbai, India, on Wednesday, Feb. 25, 2026. Kotak Mahindra Bank is on the lookout for acquisitions as the lender seeks to deploy its excess capital to scale up amid a transformation of India’s financial industry.
Anmelden
