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The Economic Times

Economy / The Economic Times

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Kotak Mahindra Bank to absorb lending subsidiary KMIL from April 1

Kotak Mahindra Bank will merge its wholly owned subsidiary, Kotak Mahindra Investments Limited (KMIL), into its own operations by April 1, 2026. This move aligns with RBI regulations and aims to simplify the group structure and enhance operational synergies. KMIL will cease new loan sanctions from the same date, while continuing to service existing obligations.

24 Mar 2026 11:09 pm