Kotak Mahindra Bank’s subsidiary - Kotak Mahindra Capital Company (Kotak Investment Banking), has entered into an exclusive strategic alliance for cross-border M&A advisory services between India and Japan with Sumitomo Mitsui Banking Corporation (SMBC) and SMBC Nikko Securities Inc. (SMBC Nikkei), a wholly-owned subsidiary of SMBC.
Through this alliance, Kotak Investment Banking, SMBC and SMBC Nikko will play an active role in the growing cross-border M&A activity between India and Japan. The partnership leverages their combined advisory capabilities, strong knowledge of local markets and long-standing corporate relationships to provide high-quality advice and grow cross-border M&A opportunities for their respective clients.
SMBC is the core financial institution of Sumitomo Mitsui Financial Group (SMFG), the second largest financial services group in terms of market capitalization in Japan. SMBC Nikko is one of the largest full-service securities and investment banking firms in Japan. With a combined team of over 500 investment banking professionals in Japan, SMBC and SMBC Nikko have advised on 90 transactions with announced deal value of over $24 billion in CY2012 year-to-date.
In 2010, Kotak and SMBC entered into a Memorandum of Understanding (MoU) for Business Cooperation across various businesses of mutual interest, subject to relevant regulations. Since then, both groups have collaborated in and are working on a number of areas such as trade finance, treasury products, corporate customer referrals, asset management and alternate assets. The cooperation is now being extended to investment banking to complete a holistic bouquet of offerings, serving corporate in India and Japan for India-Japan flows and deals.
| Company Name | CMP |
|---|---|
| HDFC Bank | 1745.95 |
| ICICI Bank | 1278.20 |
| Axis Bank | 1143.00 |
| Kotak Mahindra Bank | 1762.70 |
| Indusind Bank | 998.25 |
| View more.. | |
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Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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