Rivals list, but Kotak resists: The case against subsidiary IPOs

Without commenting on IDBI Bank, Vaswani said an inorganic opportunity should provide Kotak with a lot of customers, provide a lot of deposits or add to the portfolio. “Strategically, if it is an approval and the valuation is an approval, then we will try to do the transaction,” he said. “That’s why we really like portfolio acquisitions like the Standard Chartered retail loan book or Sonata.”