After acquiring rival ING Vysya Bank 22 months ago, his Kotak Mahindra Bank is reaping the benefits of that merger. Net profit in a recent quarter doubled to $159 million. Canada Pension Plan Investment Board recently received Reserve Bank approval to increase its stake in the bank from to 10% from 5%. The Canadian pension fund manager has partnered with the bank for a $525 million fund to acquire stressed assets of Indian banks. Commenting on rising bad loans at state-owned banks, Kotak recently said: "Return of capital is more important than return on capital."