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Kotak News

Kotak Mahindra Bank

06 Nov 2020

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

New loan rates effective from November 1. 6.75% p.a. on Home Loans, Balance Transfer Loans. Quick online sanction and easy documentation.

06 Dec 2018

NBCC, Kotak among 4 shortlisted bidders for Jaypee Infra

Jaypee Infratech is undergoing insolvency proceedings in the NCLT.

New India Assurance Company Ltd IPO

18 Sep 2017

New India Assurance IPO gets Sebi go-ahead

According to the draft papers, the government will be selling 9.6 crore shares, whereas the company itself will be selling 2.4 crore shares through the IPO.

State Bank of India

26 May 2017

SBI set to hire six banks for up to $2.3 billion share sale

State Bank of India is set to hire Bank of America Merrill Lynch, Deutsche Bank, IIFL, JM Financial, Kotak and SBI Capital to manage a share sale of up to 150 billion rupees.

11 Apr 2017

Rupee to average 66.2 against dollar in 2017-18: Kotak

The appreciation in the rupee is likely to continue for some time and it is expected to average at 66.2 against the US dollar in the current financial year.

02 Apr 2017

'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.

29 Mar 2017

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.

12 Aug 2016

Not much shift in RBI policy ahead, 0.25% cut likely: Report

With the government setting inflation target at 4 percent, the Reserve Bank is unlikely to make much shift in its stance going forward and may go for a 25 bps cut in the second half of the fiscal.

21 Jul 2016

Reliance Jio's 4G rollout in next three months: CLSA

Billionaire Mukesh Ambani's telecom venture Reliance Jio may commercially launch 4G voice and high-speed data services in the next three months, brokerage CLSA said on Thursday.

01 May 2016

Vodafone chooses Kotak, UBS, ICICI for $2 billion share sale

Close to launching an Initial Public Offering (IPO), Vodafone has picked six investment banks, including Kotak, ICICI and UBS, for the over USD 2 billion share sale process, as per media sources.

30 Apr 2016

Vodafone appoints six investment banks for $3billion India IPO

Telecom major Vodafone is getting closer to its initial public offering (IPO) plan in India and the company has already selected investment bankers for the issue.

14 Apr 2016

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.

01 Oct 2015

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

31 May 2015

India on marathon path; markets don't need steroids: Kotak

Kotak also said that one of the biggest challenges today was the history of excessive leverage by India Inc.

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