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Bharti Airtel, Kotak joint venture gets payment bank licence

Bharti Airtel, Kotak joint venture gets payment bank licence

The apex bank, Reserve Bank of India, on Monday granted payments bank licence to telecom service provider Bharti Airtel, for which it had applied in partnership with Kotak Mahindra Bank, a company statement said here.

Kotak Mahindra Gen Insurance gets IRDAI nod to commence biz

Kotak General Insurance has received permission to underwrite all classes of general insurance business (including health insurance).

Kotak Mahindra Bank cuts base rate by 0.25 percent to 9.50%

Kotak Mahindra Bank today slashed its base rate by 0.25 percent to 9.50 per cent, effective October 5. The base rate cut has been possible on revisions in the deposit offerings in recent past and the bank will also be cutting its deposit rates marginally

Kotak Mahindra International sells 3.51% stake in Ceat

Kotak Mahindra (International) Ltd today offloaded 3.51 per cent stake in tyre maker Ceat for an estimated Rs 113 crore through an open market transaction.

Kotak Mahindra shares end flat

After falling 2 percent to Rs 1,263.75, shares of Kotak finally ended at Rs 1,290.90, up 0.09 percent on the BSE.

Kotak Mahindra Bank shares down 2%

The stock slipped 1.83 percent to Rs 1,266 at the BSE.

Dhanlaxmi Bank shares surge 20% on takeover buzz

On the NSE, it soared 19.9% to touch its upper circuit limit of Rs 37.95.

Kotak Mahindra shares surge 6.5%; m-cap jumps Rs 26,567.61 crore

Stocks of Kotak Mahindra Bank on Tuesday surged over 6.5 percent, adding Rs 26,567.61 crore to its market valuation, after it reported 37.5 percent jump in consolidated net profit for the quarter ended March 31, 2015.

Kotak Mahindra Q4 net up 30%, to issue free shares

The bank will issue one bonus share for every share held, pending approval in the annual shareholders` meeting, it said in a stock exchange filing on Tuesday.

Kotak Mahindra, others move SAT against SEBI order

Kotak Mahindra Capital has moved the Securities Appellate Tribunal against an order by market regulator SEBI, wherein six merchant banks were penalised for "suppression of material facts" in IPO documents.

Kotak Mahindra, ING shares rise as merger deal gets CCI nod

Shares of Kotak Mahindra and ING Vysya Monday ended with gains in an otherwise weak stock market, as their proposed Rs 15,000-crore merger deal got the Competition Commission's approval.

Competition Commission examining Kotak-ING deal

Fair trade watchdog CCI is examining the Rs 15,000-crore merger deal between Kotak Mahindra and ING Vysya that would create the country's fourth largest private sector lender.

Kotak Mahindra withdraws Parambi's nomination to MCX board

Kotak Mahindra Bank Thursday announced temporary withdrawal of the nomination of Paul Parambi to the Board of MCX, without assigning any reason.

Kotak Mahindra-PineBridge mutual funds deal gets CCI approval

Kotak Mahindra Mutual Fund's proposed acquisition of schemes run by PineBridge Mutual Fund has received nod from the Competition Commission.

Kotak hits second straight life high on ING Vysya deal

The merger will add 10 percent to earnings and 15 percent to the networth of Kotak, Nomura added.

JPMorgan cuts Kotak Mahindra, SBI to 'neutral'

JP Morgan turns selective on Indian banks, citing stress in bond markets given the prospect of continued falls in short-term rates and pressures on asset quality.

TRAI warns seven banks for sending pesky communications

The errant banks which also include PNB, Citi, Axis and Kotak Mahindra are found to be marketing their products and services using unregistered telemarketers, Telecom Regulatory Authority of India (TRAI) said in a statement.

Macquarie cuts banks, cites low growth, weak rupee

The brokerage cuts State Bank of India to "neutral" from "outperform", Punjab National Bank to "underperform" from "neutral".

Kotak Mahindra Bank standalone Q4 net up 47% on core income

Kotak Mahindra Bank today reported 47 per cent rise in standalone net profit to Rs 436 crore in the fourth quarter of last financial year on the back of sound rise in core income.

Kotak Mahindra sees 50% growth in saving bank deposits in FY13

Kotak Mahindra Bank on Wednesday said it expects 50 percent growth in saving bank deposits this fiscal.