Kotak Mahindra Bank

Flipkart Cooling Day's Sale: Check out the most attractive deals on ACs, refrigerators and more

For a Kotak Mahindra cardholder, there is an instant discount of 10 percent on using credit and debit cards and EMI transactions as well. Buyers can also save a minimum of Rs 10,000 in the Flipkart Cooling days sale. Here are the most attractive deals on ACs, refrigerators, and more

Feb 20, 2021, 19:20 PM IST

Good news for home buyers! This bank reduces interest rates to 6.75%

The new loan rates of this bank are effective from November 1, 2020.

Nov 06, 2020, 14:30 PM IST

Kotak Mahindra Bank cuts home loan interest – Here are the new rates

Kotak Home Loans are linked to an external benchmark i.e. RBI’s policy repo rate. 

Oct 23, 2020, 10:50 AM IST

Kotak Mahindra Bank launches cardless cash withdrawal facility through ATMs –Here's how it works

The facility allows Kotak accountholders to make cash withdrawals as well as remit money to beneficiaries across India without using a physical debit card.

Aug 25, 2020, 12:23 PM IST

Kotak Mahindra Bank reduces interest rate on savings deposits – Check out new rates

Customers with daily balance of over Rs 1 lakh will earn 4 percent interest.

May 26, 2020, 12:00 PM IST

Kotak Mahindra Bank declares 10% pay cut for staff with over Rs 25 lakh annual salary

The move comes weeks after the top management voluntarily surrendered 15 per cent of their payments for 2020-21.

May 07, 2020, 17:58 PM IST

ICICI Bank, Axis Bank, HDFC Bank to invest in Yes Bank; Cabinet approves restructuring scheme for crisis-hit lender

Kotak Mahindra Bank has also confirmed that it will invest Rs 500 crore in Yes Bank to acquire 50 crore shares.

Mar 13, 2020, 19:50 PM IST

Q3 results, budgetary expectations to dictate equity trend

 High stock valuations and the direction of foreign fund flows will impact the risk-taking appetite of domestic investors. The market participants expect measures to boost consumer sentiments via budgetary announcements on enhanced state funding for mega infrastructure projects and other sops to reverse the de-growth cycle.
 

Jan 20, 2020, 15:45 PM IST

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