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Kotak Mahindra Group: Kotak integrates alternate funds, investment advisory businesses; combined assets now at USD 18 bln

Kotak Mahindra Group on Thursday said it has integrated the alternate funds and investment advisory businesses, and the combined quantum of assets raised or managed has now increased to USD 18 billion. The group has also renamed Kotak Investment Advisors (KIA) as Kotak Alternate Asset Managers (KAAM). ....

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Kotak Mahindra Bank introduces Covid benevolent policy for staff


Kotak Mahindra Bank introduces Covid benevolent policy for staff
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IANS
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Kotak Mahindra Bank.. Image Source: IANS News
Mumbai, June 6 : Kotak Mahindra Group (Kotak) on Sunday announced the introduction of a Pandemic Benevolent Policy for its employees.
Under the policy, family members or nominee of deceased employees, who lost their life after April 1, 2020, and subsequent cases up to March 31, 2022, will receive full monthly fixed salary (cost to company) for two years beginning June 2021, said a statement from the bank.
Further, this policy is applicable to families or nominee of all deceased employees, irrespective of the cause of death - whether pertaining to Covid-19 or any other cause not related to the Covid-19 pandemic. ....

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