C S Setty, Chairman of SBI, replaces Dinesh Khara, while Uday Kotak, veteran banker and director at Kotak Mahindra Bank, takes over from T V Mohandas Pai.
Samunnati expanded its lender network in FY25, onboarding 14 financial institutions, including Kotak Mahindra Bank, Indian Overseas Bank, and impact lenders, securing INR 480 crore in loans to drive its growth initiatives.
Zurich Insurance Company Ltd. announced the acquisition of a majority stake in Kotak Mahindra General Insurance Company Limited from Kotak Mahindra Bank Limited worth $670 million.