Kotak Mahindra Bank to create vertical for mid-market firms

"The bank is also upping its focus on the structured finance offerings, whose contribution in the overall wholesale book is in low single-digits at present and growing the same"

Kotak Mahindra Bank is set to create a separate vertical for mid-market companies having turnover between Rs 500-1,500 crore to increase its focus on the segment.

The private sector lender is also keen to increase its focus on high-margin structured finance, a top official has said.
 

At present the mid-market segment is part of the large corporate team, which covers companies between Rs 500-6,000 crore. From April 1 onwards, the new vertical will be created, while the large corporate team will serve clients having revenues between Rs 1,500-6,000 crore.
 

“Our large corporate growth is relatively benign compared to SME (under Rs