Former SBI chief Rajnish Kumar appointed exclusive advisor to Kotak Groups $1 billion stressed assets fund

Former SBI chief Rajnish Kumar appointed exclusive advisor to Kotak Groups $1 billion stressed assets fund
Kotak Investment Advisors (KIAL) had announced a fund raise of $1 billion in August 2019, anchored by a $500 million commitment from Abu Dhabi Investment Authority
PTI | February 13, 2021 | Updated 09:17 IST
Former SBI NSE 0.77 % chairman Rajnish Kumar was on Friday appointed as the exclusive advisor to a USD 1 billion-stressed assets fund floated by the Kotak Mahindra Bank NSE -0.51 % group.
Kumar retired as the chairman of the country's largest lender in October last year after an over four-decade career. Earlier this week, there were reports of global private equity major Baring Private Equity Partners appointing Kumar as an advisor.

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