Kotak Mahindra Bank on Tuesday announced its foray into the healthcare lending space, where it will be taking exposures of up to ` 15 crore apiece.
The private sector lender, however, will not be seeking funds from the Reserve Bank's on-tap liquidity scheme for the sector, as its cost of funds is very low, its President and Head of Business Banking Assets, Sunil Daga, said.
In May this year, the RBI had announced an on-tap liquidity window of `50,000 crore for on-lending by banks to the healthcare sector, where they can take exposures of up to three years and access funding at the repo rate.