Kotak demerger looks interesting. Basant jee, do u have fine print of arrangement. Is it one entity demerger or 2 entity demerger ?
As all know I like financial sector, yesterday I started looking into kotak. I found that Kotak has lots of bones but less of flesh on this (as it should have been by now). They are into all operations of financials yet they are not leader in any of them. Even they are not as aggrasive as others are. In securities, they became aggasive off late, as entry of R-trade etc.
Their banking operation is not generating profits as other banks of similer profile has. Their consumer finance is no where close to leaders. For investment banking there is no listed peers so I can't compare.
All in all kotak is one non so aggrasive private retail bank. Although they have lots of intrastrucute. 78 branches, 200+ securities offices etc etc.
Also at the time of Goldman's stake buyout he refused any demerger but now there is one on the table. I am confused little bit.
To summarise all, kotak demerger announcement looks interesting whereas current operations (specially retail) are not aggrasive as one expects it to be. He looks to bring strategic stakes to banking post '09 (i guess).
Your view Basant jee is highly welcome.
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