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Kotak Mahindra Bank

Kotak Mahindra Bank becomes first private sector bank to join ‘PSB Loans in 59 Minutes’

Kotak will offer loans up to Rs 1 crore to micro, small &medium enterprises (MSME) in India through this platform.

Mar 12, 2019, 14:35 PM IST

RBI slaps penalties on 7 banks for violation of norms

A penalty of Rs 1 crore has been imposed on Andhra Bank for similar violations.

Feb 13, 2019, 10:09 AM IST

Kotak Mahindra Bank Q3 profit rises 23% to Rs 1,291 crore

The bank had posted a standalone net profit of Rs 1,053 crore in the October-December quarter of the last fiscal.

Jan 21, 2019, 14:51 PM IST

Williamson Magor seeks strategic partner for Eveready

The Williamson Magor Group, however, is yet to decide if it will retain a controlling or a minority stake after Eveready's restructuring, sources said.

Jan 11, 2019, 18:21 PM IST

Kotak Mahindra challenges RBI decision on preference shares

Uday Kotak has been asked by the Reserve Bank of India to lower his holding in the lender to 20 percent by this year-end.

Dec 10, 2018, 12:48 PM IST

Kotak Mahindra Bank Q2 net rises 21% to Rs 1,747 crore

The bank's had posted Rs 1,440.68 crore net profit in the July-September period of 2017-18.

Oct 24, 2018, 14:16 PM IST

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

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

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%

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

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 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

"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

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

"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 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

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