Kotak Bank acquires agri, health portfolios of Rabobank-backed DLL India

Kotak Mahindra Bank has acquired the agri and healthcare equipment financing portfolio of De Lage Landen Financial Services India (DLL India), a subsidiary of Rabobank-owned De Lage Landen International. The acquisition will give Kotak Bank access to over 25,000 customers with a total standard loan outstanding of around INR 582 crore, as well as a non-performing assets portfolio of around INR 69 crore. KPMG acted as the exclusive financial advisor to the shareholders of DLL India for this transaction.