 "Kotak buys out Old Mutual's 26% stake for Rs 1,293 cr in insurance arm")
Private lender Kotak Mahindra Bank has reported a 20 per cent year-on-year (YoY) rise in its deposit base to Rs 2.59 trillion in the quarter ending March 2020 compared to Rs 2.16 trillion in the same period last fiscal year. On a sequential basis, the deposit base has grown 12 per cent over December 2019.
Advances of the private sector lender reported a growth of 6.7 per cent in Q4 FY20 to Rs 2.2 trillion compared to Rs 2.05 trillion a year
