Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    What's Hot

    PhonePe raises growth funds at a $12 billion valuation, led by General Atlantic

    January 23, 2023

    360 ONE acquires Mumbai Angels; announces two new funds with them

    January 23, 2023

    Kotak General Insurance partners with Clootrack to enhance customer centricity

    January 23, 2023
    Facebook Twitter Instagram
    BFSINXT
    Twitter YouTube LinkedIn
    • Banking
      • SME /Wholesale Banking
      • Retail
      • HR
        • Wholesale
      • Rural & Agri
    • NBFC
      • Customer Experience
      • Retail
      • Digital
    • Insurance
      • Life
      • General
      • InsurTech
    • Fintech
      • Payments
      • Lending
      • Wealth/PF
      • Neo-Banking
    • Policy
      • RBI
      • IRDAI
      • SEBI
      • Government
    • Financial Services
      • Securities
      • AMC
    • About us
      • Editorial Team
      • Our Advisory Panel
      • Get In Touch
    BFSINXT
    Home » Kotak Mahindra Bank to Invest in KFin Technologies
    Fintech

    Kotak Mahindra Bank to Invest in KFin Technologies

    September 27, 20213 Mins ReadBy Chief Editor
    Twitter LinkedIn WhatsApp

    Copy: Private bank, Kotak Mahindra Bank on September 20 announced that it will do an equity investment of Rs 310 crore and get a 9.9 percent stake in KFin Technologies, subject to necessary approvals.

    KFin provides a wide array of financial technology solutions across a broad spectrum of asset classes across mutual funds, alternatives, insurance and pension. KFin approximately services 25 out of the 44 mutual fund asset management companies.

    These companies have over $148 billion in assets under management and 35 percent market share in equity. KFin has been chosen as the partner for four of the last five AMCs licensed by SEBI. It further services 23 mutual funds and pension managers across Asia excluding India including Malaysia, Philippines, Singapore and Hong Kong. KFin is also a leading player in the alternatives and private wealth management space.

    It services over 300 AIF schemes launched by 100 plus managers, it services over 550 plus listed and 3,700 unlisted companies with over eight crore folios in India as a leading corporate registrar.

    KFin also provides central record keeping services to the National Pension System in India and is also expanding in insurance transaction processing and fund administration.

    Dipak Gupta, Joint Managing Director, Kotak Mahindra Bank said, “As a platform of choice for asset managers, investors and corporates, we believe KFin is well-positioned to continue growing its market position. At Kotak Mahindra Bank, this investment is in line with our stated strategy of making minority investments in businesses which are professionally managed and have deep client entrenchment. We are excited about the future growth prospects of the business and believe that an investment in KFin, with its significant franchise, will create long-term value for our stakeholders.”

    M.V. Nair, Chairman, KFin Technologies said, “KFin is uniquely positioned to leverage its decades of deep capital markets expertise to deliver a differentiated value proposition to the financial markets in India and abroad. Kotak Mahindra Bank’s investment is testimony to the same. With Kotak Mahindra Bank’s support, along with the continued support of General Atlantic, an existing shareholder of KFin, we shall be able to achieve greater heights in our technology, business processes, leadership depth and governance.”

    Sreekanth Nadella, CEO, KFin Technologies said, “Kotak Mahindra Bank’s shared vision to deliver outstanding value in a simple and straightforward manner, strongly complements KFin’s commitment to provide unparalleled client outcomes on demand. We believe this investment shall serve as a strong foundation for KFin to build next generation techfin solutions for financial infrastructure institutions. We are extremely proud to have been chosen by Kotak Mahindra Bank in the rapidly expanding financial infrastructure solutions market in India and abroad.”

    Invest KFin Technologies KMB Kotak Mahindra Private bank
    Previous ArticleGoogle plans fintech move in Japan
    Next Article India Post Payments Bank ties-up with Bajaj Allianz for non-life insurance products
    Chief Editor

    Related Posts

    PhonePe raises growth funds at a $12 billion valuation, led by General Atlantic

    January 23, 2023

    Jupiter raises Rs 100 crore in venture debt financing from Alteria Capital

    January 7, 2023

    Drivio raises $1 million in seed funding

    December 25, 2022

    PayMate Receives In-Principle Authorization To Operate As A Payment Aggregator From RBI

    December 10, 2022

    Leave A Reply Cancel Reply

    Recent Posts

    • PhonePe raises growth funds at a $12 billion valuation, led by General Atlantic
    • 360 ONE acquires Mumbai Angels; announces two new funds with them
    • Kotak General Insurance partners with Clootrack to enhance customer centricity
    • Upstox partners with ‘Trading View’ to empower traders with simplicity
    • AU Small Finance Bank introduces menstrual leaves for women employees

    Recent Comments

    No comments to show.
    Demo
    NBFC's

    PLANET App by L&T Financial Services Crosses 1.5 Million Downloads

    January 7, 2023

    SIDBI enters Co-lending Space for Unsecured Loans to MSMEs, partners with Ambit Finvest

    December 31, 2022

    Piramal Finance launches ‘Innovation Lab’ in Bengaluru

    December 19, 2022

    Shriram Transport Finance and Shriram City Union Finance are now Shriram Finance, India’s largest retail finance NBFC

    December 5, 2022
    New Policy
    Policy

    GSTN gets included as a Financial Information Provider under Account Aggregator Framework

    November 23, 20220By Bfsinxt Desk

    The RBI said, with a view to facilitate cash flow-based lending to MSMEs, it has been decided to include Goods and Services Tax Network (GSTN) as a Financial Information Provider (FIP) under the Account Aggregator (AA) framework.

    RBI to run Nation-wide Finanical Services Awareness Programme in November 2022

    November 3, 2022

    RBI to soon operationalise CBDC Wholesale (e₹-W) Pilot

    November 1, 2022

    RBI launches दक्ष (DAKSH) – Reserve Bank’s Advanced Supervisory Monitoring System

    October 8, 2022
    • Twitter
    • YouTube

    Subscribe to Updates

    Get the latest creative news from SmartMag about art & design.

    BFSINXT
    Twitter YouTube LinkedIn
    © 2023 bfsinxt.com.

    Type above and press Enter to search. Press Esc to cancel.