Kotak Mahindra Bank

Kotak Mahindra Bank fourth-quarter profit rises 15%

Kotak Mahindra Bank fourth-quarter profit rises 15%

Gross bad loans as a percentage of total loans dropped to 2.22 percent by end-March, compared with 2.31 percent in the preceding quarter and 2.59 percent a year ago.

Apr 30, 2018, 16:19 PM IST
Uday Kotak says no privatisation of PSBs will happen till 2019 elections

Uday Kotak says no privatisation of PSBs will happen till 2019 elections

Kotak reveals the factors that give him the confidence about the prospects of a bright future for private banks in India.

Mar 22, 2018, 07:56 AM IST
Kotak 811 saving account goes beyond mobile app

Kotak 811 saving account goes beyond mobile app

With an objective to provide more convenience, a customer can now open bank account through various digital channels, including computers instantly from anywhere in India, the bank said in a statement.

Aug 20, 2017, 17:50 PM IST
Bank of Baroda cuts savings rate by 0.50%

Bank of Baroda cuts savings rate by 0.50%

Kotak Mahindra Bank has also joined the league and slashed its interest on savings account deposits by 0.50 percent to 5.5 percent on balance between Rs 1 crore and Rs 5 crore.

Aug 04, 2017, 20:53 PM IST
India Inc pay gap: CEOs earn up to 1,200-times of average staff

India Inc pay gap: CEOs earn up to 1,200-times of average staff

An analysis of remuneration disclosures made by top listed companies forming part of the blue-chip index Sensex -under directions of the capital markets regulator Sebi -shows that the pay packages of senior-most personnel such as CEOs and executive chairmen continue to remain high and rose further at most private sector firms during 2016-17.

Jul 23, 2017, 14:45 PM IST
Kotak Mahindra Bank Q1 net up 23% at Rs 912.73 crore

Kotak Mahindra Bank Q1 net up 23% at Rs 912.73 crore

Kotak Mahindra Bank on Thursday reported 23.10 per cent increase in standalone net profit at Rs 912.73 crore for the first quarter ended June 30.

Jul 20, 2017, 13:02 PM IST
Q1 earnings to steer markets this week: Experts

Q1 earnings to steer markets this week: Experts

"This week is likely to be driven by the earnings calendar," said Abnish Kumar Sudhanshu, Director and Research Head, Amrapali Aadya Trading and Investments.

Jul 16, 2017, 13:20 PM IST
Nifty slips, fails to defend 9,900-level

Nifty slips, fails to defend 9,900-level

Overseas, European stock markets were trading slightly higher while most Asian stocks rose in anticipation of US inflation data and earnings from some of the large banks.

Jul 14, 2017, 19:44 PM IST
India's June gold imports spike as buyers tried to beat higher sales tax

India's June gold imports spike as buyers tried to beat higher sales tax

"Demand was higher than normal in June as some consumers advanced buying to avoid paying higher tax," Sudheesh Nambiath, a senior analyst with GFMS, a division of Thomson Reuters, said on Tuesday.

 

Jul 11, 2017, 15:47 PM IST

Sebi forms committee on corporate governance

Aiming to improve standards of corporate governance of listed companies, markets regulator Sebi on Friday set up a committee under the chairmanship of Uday Kotak, chief of Kotak Mahindra Bank.

Jun 02, 2017, 17:14 PM IST

BSE includes Kotak Mahindra Bank, Tata Motors DVR in Sensex

Private sector lender Kotak Mahindra Bank and Tata Motors DVR (Differential Voting Right Share) will be included in the BSE's benchmark Sensex from June 19.

May 19, 2017, 17:59 PM IST

Kotak Mahindra Bank raises Rs 5,800 crore through India's second largest QIP

Private sector lender Kotak Mahindra Bank on Friday raised over Rs 5,800 crore through a qualified institutional placement (QIP) at Rs 936 a share, sources said.

May 12, 2017, 22:00 PM IST
Promoters must disclose shares received in gift: Sebi

Promoters must disclose shares received in gift: Sebi

Promoters and directors of a listed company are required to disclose details about shares received by way of gift and through off-market transactions, according to regulator Sebi.

May 08, 2017, 18:01 PM IST
Kotak Mahindra Bank buys out Old Mutual from insurance arm for Rs 1,292 crore

Kotak Mahindra Bank buys out Old Mutual from insurance arm for Rs 1,292 crore

The fourth largest private sector lender will become the 100 percent owner of the 16-year-old Kotak Mahindra Old Mutual Life Insurance post acquisition, which bucks the trend of foreign partners increasing their stakes after foreign holding norms were hiked to 49 percent in December 2015.

Apr 28, 2017, 09:57 AM IST
RBI penalises HSBC, Kotak over violation FEMA

RBI penalises HSBC, Kotak over violation FEMA

The Reserve Bank of India (RBI) on Wednesday imposed monetary penalty on the Hongkong and Shanghai Banking Corporation Ltd. and the Kotak Mahindra Bank for violation of instructions on reporting requirements of FEMA 1999.

Apr 27, 2017, 11:07 AM IST
'Only five large banks can survive in the long-term'

'Only five large banks can survive in the long-term'

Banker Uday Kotak feels there will be strong consolidation in the financial services sector and eventually only five players will dominate the space just like in the global space.

Apr 02, 2017, 13:11 PM IST
Kotak Mahindra Bank board hikes FII investment limit to 42%

Kotak Mahindra Bank board hikes FII investment limit to 42%

Kotak Mahindra Bank on said its board has approved raising the ceiling for investment by foreign institutional investors to 42 percent.

Mar 08, 2017, 12:14 PM IST
Kotak Mahindra Bank launches DigiLocker to eliminate use of physical documents

Kotak Mahindra Bank launches DigiLocker to eliminate use of physical documents

Customers can also download pre-verified documents themselves by providing some details.

Mar 07, 2017, 15:23 PM IST
No communication on Axis-Kotak merger: Finmin sources

No communication on Axis-Kotak merger: Finmin sources

The Finance Ministry has not received any communication with regard to reported merger of Kotak Mahindra Bank and Axis Bank, a senior official said.

Feb 21, 2017, 20:48 PM IST

Axis Bank shares up 5% on Kotak Mahindra merger buzz

Shares of Axis Bank on Tuesday rose by 5 percent amid reports of merger of the bank with another private lender even as the company denied any such development.

Feb 21, 2017, 20:10 PM IST

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