Kotak Mahindra Bank Ltd.

Kotak Mahindra Bank has acquired 100 per cent issued and paid up capital of Sonata Finance for Rs 537 crore. Sonata is operating in 10 states through 549 branches and has an Asset Under Management (AUM) of approximately Rs 2,620 crore as of December 31, 2023. With this acquisition, Sonata has become a wholly-owned subsidiary of bank.

Kotak Mahindra Bank offers a wide range of banking products and financial services for corporate and retail customers through a variety of delivery channels and specialized subsidiaries in the areas of personal finance, investment banking, life insurance, and wealth management.