Kotak Mahindra becomes the first Indian entity to obtain a UAE SCA license/Image: File
Kotak Mahindra Bank, one of India’s leading banking and financial groups, has taken a major step in its global expansion by receiving a license from the UAE Securities & Commodities Authority (SCA). This makes Kotak Mahindra (International) Ltd. the first Indian institution officially authorized to offer investment fund and portfolio management operations in the United Arab Emirates.TL;DR:
- p]:pt-0 [&>p]:mb-2 [&>p]:my-0″> The bank will launch UAE-domiciled investment funds, primarily offering India-focused investment options to local and regional investors.
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- p]:pt-0 [&>p]:mb-2 [&>p]:my-0″> 2. What services will Kotak Mahindra offer in the UAE?
The bank will launch UAE-domiciled investment funds, focusing on India-centric portfolios for retail investors. - p]:pt-0 [&>p]:mb-2 [&>p]:my-0″> 4. How does this move affect India-UAE financial relations?
It deepens cross-border financial flows post-CEPA and gives UAE investors access to India-focused investment options. - Go to Source
- p]:pt-0 [&>p]:mb-2 [&>p]:my-0″> 2. What services will Kotak Mahindra offer in the UAE?
