Kotak Mahindra Bank Eyes Billion-Dollar Acquisitions to Deploy Surplus Capital

• Kotak Mahindra Bank is actively seeking billion-dollar acquisitions to deploy its significant surplus capital.
• CEO Ashok Vaswani confirms the bank's openness to strategic deals aligning with long-term growth plans.
• The bank holds a strong capital-to-risk weighted assets ratio of 22.6%, well above regulatory requirements.
• Acquisitions will be evaluated based on strategic fit, appropriate valuation, and management focus.
• Recent deals include acquiring a personal-loan portfolio from Standard Chartered and microfinance firm Sonata Finance.