Kotak Mahindra Investments aims to double developer loans portfolio in three years
Kotak Mahindra Investments plans to double its loan portfolio to property developers over the next three years due to burgeoning demand for housing across India. The non-banking finance company's developers' portfolio currently stands at INR70bn ($943m), and its CEO, Amit Bagri, told the Economic Times he expects his firm to be in the top two or three developers in three years' time, up from its present position among the top five.
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