The Board of Directors of Kotak Mahindra Bank has approved a proposal to raise funds by issuing unsecured, redeemable, non-convertible debentures on a private placement basis. This fundraising could reach up to ₹15,000 crore. The decision occurred during a board meeting held on January 24, 2026, and the plan is subject to member approval. The funds will be raised in one or more tranches or series during fiscal year 2026-27.
Funds Raising Proposal
Kotak Mahindra Bank’s Board of Directors has given the green light to a proposal that will enable the bank to raise funds. This will be achieved through the issuance of Unsecured, Redeemable, Non-Convertible Debentures.
Debenture Details
The debentures will be offered on a private placement basis, with a total fundraising target of up to ₹15,000 crore. The actual fundraising may be executed in one or multiple tranches or series. This plan is designed to provide Kotak Mahindra Bank with increased financial flexibility.
Timeline and Approvals
The funds raising is planned for fiscal year 2026-27. The proposal remains subject to the approval of the bank’s members, alongside any other necessary regulatory approvals. The decision was made during the board meeting on January 24, 2026, which began at 12:15 p.m. (IST) and concluded at 2:20 p.m. (IST).
Source: BSE
