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Kotak Mahindra Bank gets RBI approval to set up its first overseas branch

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Capital Market
Last Updated : Nov 12 2016 | 12:03 AM IST

In Dubai International Financial Centre (DIFC), Dubai

Kotak Mahindra Bank announced that it has received Reserve Bank of India's approval to set up its branch in Dubai International Financial Centre (DIFC), Dubai. This will be the first international branch of Kotak. The approval from RBI is subject to the necessary approvals to be received from the host regulator viz., Dubai Financial Services Authority (DFSA).

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First Published: Nov 11 2016 | 5:19 PM IST

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