Kotak Mahindra group is looking for ward to expand its operations and eyeing targets potential acquisition in banking, asset management, broking and other areas of the banking sector.
"We are looking for attractive acquisition targets and hopefully there would be some deal this year," the group head and eminent banker Mr. Uday Kotak said.
Kotak Mahindra group is present in various segments of the financial services industry including banking, insurance, asset management, broking and equity research.
When asked about the places where the Kotak Mahindra group was looking for acquisitions, Mr. Kotak said: "We are mainly looking domestically (within India) for potential acquisition targets."
About the businesses where potential acquisitions could be explored, Mr. Kotak said the group is looking at various opportunities across various sectors.
"There is nothing that has crystallized as yet, but we are looking across various segments including banking, asset management and other areas of financial services such as broking as well," Mr. Kotak said.