Kotak Mahindra Bank Limited (BSE:500247) on October 26, 2020 denied takeover talks with IndusInd Bank Limited (BSE:532187) but said they were open to M&A opportunities. News agency Bloomberg had reported that Kotak Mahindra Bank is exploring a takeover of smaller rival IndusInd Bank to create the nation's eighth-largest financial firm by assets."Not saying no to any of those growth avenues but certainly not on this one," said Jaimin Bhatt, group Chief Financial Officer, Kotak Mahindra Bank. "When we raised capital in the first quarter of this year, we did talk about the fact that we will look at acquisitions, whether it is companies or assets."The bank which raised more than INR 75 billion through a QIP route in May this year said it has enough capital cushion to explore inorganic opportunities."Right now, that is cushion of capital.

We will have to get into, whether it is right opportunities, whether it is growing on the organic track," Bhatt added.