Kotak Mahindra Bank Ltd. closed 18.47% short of its 52-week high of 460.31 rupees, which the company achieved on April 22nd.

Kotak Mahindra Bank, promoted by Uday Kotak, has the capacity to do jumbo deals, CEO Ashok Vaswani says when asked if M&A above $1 billion are possible.

The Mumbai-based bank looks at three criteria when studying M&A — whether it adds to its agenda, if the valuation makes sense and the cost of management distraction, according to Vaswani.

Ben Gran is a freelance contributor for Forbes Advisor on banking. He also writes for The Ascent (a Motley Fool service), where he covers insurance, credit cards, personal finance and investing. Ben ...

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