Kotak Mahindra General Insurance is a 100% subsidiary of Kotak Mahindra Bank
The board meeting for the stock split is scheduled for Feb 26, the first in the bank's history.
The BSE Midcap index surged by 1.4%, while the Smallcap index recorded a modest increase of 0.3%
The IPO price band was set at ₹147 to ₹155 per equity
Policyholders terminating before original tenure would receive higher premium refunds.
Fed Governor Michelle Bowman explains how a new type of banking is taking over global landscape.
The RBI has directed the payment bank to settle all pipeline transactions and nodal accounts by March 15, with no further transactions permitted thereafter
Recommendation: Buy; Target price: ₹538
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