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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.

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.

Kotak Mahindra aims to double customer base on new app

Kotak Mahindra aims to double customer base on new app

Kotak Mahindra Bank on Wednesday said it is planning to double its customer base through its new mobile banking app called 8-11.

Expect 8-10% return from markets this year: Uday Kotak

Expecting 8-10 percent return from markets this year, ace banker Uday Kotak has said India is also ready to explore various new products while there is appetite for some good "high-quality" public offers as well.

India a bright star in 'sober' global outlook: Uday Kotak

India a bright star in 'sober' global outlook: Uday Kotak

As uncertainty grips the global economic outlook, ace banker Uday Kotak today said India has an opportunity to be a "bright star" in such a "sober" scenario and the medium term prospects for the country's economy looks good as long as it can focus on right things.

Banks should focus on recovering dues: Uday Kotak

Banks should focus on recovering dues: Uday Kotak

Banks should focus on recovery rather than "going after borrowers", eminent banker Uday Kotak said on Saturday, a day after embattled tycoon Vijay Mallya remarked that arresting him will not help banks recover any money.

Banks should focus on recovering dues: Uday Kotak

Banks should focus on recovering dues: Uday Kotak

Banks should focus on recovery rather than "going after borrowers", eminent banker Uday Kotak said on Saturday, a day after embattled tycoon Vijay Mallya remarked that arresting him will not help banks recover any money.

Risk-pricing must improve for better asset quality, says Kotak

Stating that there is an urgent need to arrest rising bad loans, Uday Kotak, head of Kotak Mahindra Bank, today said the problem arose as bankers excessively focussed on collaterals and not the cash flow prospects of the funded projects.

Avendus-KKR deal reopens old trend: i-banks diversification

Since the late 1990s and early 2000, many brokerages began to diversify and became financial services firms to minimise risks.

Kotak flags concerns over privacy & security in digital world

Ace banker Uday Kotak has flagged concerns over privacy and security of the consumer across various sectors in the fast-growing digital world.

FIPB defers Kotak Bank's proposal to hike FDI limit

FIPB Thursday deferred a proposal of Kotak Mahindra Bank to increase foreign investment limit to 55 percent.

Kotak Mahindra Bank Q4 profit surges 37.5% at Rs 912 crore

Kotak Mahindra Bank Tuesday reported 37.5 percent jump in its consolidated net profit at Rs 912.6 crore for the quarter ended March 31, 2015.

India Inc must temper sky high expectations: Uday Kotak

Joining the debate on deliverables of the Narendra Modi government on economic front, ace banker Uday Kotak has said that industry and market expectations need to come down from their "sky high" levels and get more attuned to the reality.

FIPB defers Kotak Mahindra Bank proposal for raising FII limit

An inter-ministerial panel Thursday deferred Kotak Mahindra Bank's proposal for raising foreign investment limit in the bank to 55 percent.

Kotak Mahindra lists shares of merged entity Monday

Post ING Vysya merger with itself, Mumbai-headquartered Kotak Mahindra Bank Monday listed new shares of the merged entity on stock exchanges.

Uday Kotak sees repo rate at 7-7.25% by December

Veteran banker Uday Kotak on Wednesday said he expects the RBI to bring down repo rate to 7-7.25 percent by December.

'RBI may cut rates more; 0.75-1% reduction likely in 2015'

'RBI may cut rates more; 0.75-1% reduction likely in 2015'

Kotak, who has been a regular at the WEF summits in Davos, also said the big stimulus from European Central Bank is going to have a significant impact for global flows positively and Indian markets may also get greater flows.

Mood upbeat about India, time to show action on ground: Kotak

Enthused by the upbeat mood visible about India here at World Economic Forum, eminent banker Uday Kotak said investors now want to see some real action on the ground.

ING Vysya merger secures employees, boosts growth: Kotak Bank

As it moves ahead with the ING Vysya Bank deal, Kotak Mahindra Bank on Monday said the merger secures all employees and would create growth opportunities for various stakeholders including the staff members.

ING Vysya merger secures employees, boosts growth: Kotak Bank

As it moves ahead with the ING Vysya Bank deal, Kotak Mahindra Bank on Monday said the merger secures all employees and would create growth opportunities for various stakeholders including the staff members.