Kotak Mahindra-bank

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Kotak Mahindra-bank - Total results - 189
Stock Market Latest Updates: Indices nearly 3-month high, Sensex jumps over 500 points, Nifty close to 10,000-mark; Bajaj Finance, HDFC among gainers
Business

Stock Market Latest Updates: Indices nearly 3-month high, Sensex jumps over 500 points, Nifty close to 10,000-mark; Bajaj Finance, HDFC among gainers

Stock Market Latest Updates: Indices nearly 3-month high, Sensex jumps over 500 points, Nifty close to 10,000-mark; Bajaj Finance, HDFC among gainers

Uday Kotak sells 5.6 cr shares in Kotak Mahindra Bank, ends standoff with RBI; shares surge over 7% in early trade
Business

Uday Kotak sells 5.6 cr shares in Kotak Mahindra Bank, ends standoff with RBI; shares surge over 7% in early trade

Kotak, the richest banker in Asia, is the Managing Director of Kotak Mahindra Bank, which is the fourth largest private sector lender in the country.

Kotak Mahindra Bank launches Rs 7,000-cr share sale through qualified institutional placement
Business

Kotak Mahindra Bank launches Rs 7,000-cr share sale through qualified institutional placement

Private sector lender Kotak Mahindra Bank on Tuesday launched its over Rs 7,000-crore qualified institutional placement (QIP) of shares

Kotak Mahindra Bank cuts interest rates for savings accounts to 3.50%, effective from today; applicable on balance up to Rs 1 lakh
Business

Kotak Mahindra Bank cuts interest rates for savings accounts to 3.50%, effective from today; applicable on balance up to Rs 1 lakh

The change in interest rates at Kotak Mahindra Bank comes after the Reserve Bank of India on Friday reduced the repo rate by 40 basis points to 4 percent from 4.4 percent earlier.

COVID-19 impact: IDFC First Bank senior management takes 10% compensation cut in FY21; pays 100% variable pay to 78% staff
Business

COVID-19 impact: IDFC First Bank senior management takes 10% compensation cut in FY21; pays 100% variable pay to 78% staff

IDFC First Bank paid 100 percent of the variable pay to 78.2 percent of employees for FY20.

Four of top 10 companies add Rs 1.12 lakh cr in market cap last week; Tata Consultancy Services tops the chart
Business

Four of top 10 companies add Rs 1.12 lakh cr in market cap last week; Tata Consultancy Services tops the chart

The market valuation of Tata Consultancy Services zoomed Rs 47,148.71 crore to Rs 7,57,587.71 crore, the biggest rise among the top-10 firms.

Franklin Templeton appoints Kotak Mahindra Bank to assist in monetising assets of 6 wind-up schemes
Business

Franklin Templeton appoints Kotak Mahindra Bank to assist in monetising assets of 6 wind-up schemes

Franklin Templeton Trustee Services has appointed Kotak Mahindra Bank to work together with Franklin Templeton Asset Management (India) to assist the trustees in monetising portfolios of the six schemes that are being wound up

Kotak Mahindra Bank Q4 net profit down 4% to Rs 1,952 cr; bad loans marginally up at 2.25%
Business

Kotak Mahindra Bank Q4 net profit down 4% to Rs 1,952 cr; bad loans marginally up at 2.25%

Kotak Mahindra Bank on Wednesday reported 4 percent decline in consolidated net profit at Rs 1,951.82 crore for the fourth quarter ended March 2020 due to COVID-19 related provisions

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

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

Private sector lender Kotak Mahindra Bank has decided on a 10 percent pay cut for the employees earning above Rs 25 lakh per annum, in a business sustainability move amid the COVID-19 pandemic, according to a communication

Yes Bank Q4 results: Private lender posts Rs 2,629 cr net profit on gains from AT-1 bond write-off
Business

Yes Bank Q4 results: Private lender posts Rs 2,629 cr net profit on gains from AT-1 bond write-off

Yes Bank had a loss of Rs 18,560 crore loss in the December quarter while the loss was at Rs 1,506 crore in the March 2019 quarter.

Five of top-10 firms add Rs 1.63 lakh cr in market capitalisation; Reliance Industries sparkles
Sports

Five of top-10 firms add Rs 1.63 lakh cr in market capitalisation; Reliance Industries sparkles

The market cap of Reliance Industries Ltd (RIL) zoomed Rs 1,21,904.63 crore to Rs 8,98,499.89 crore.

Kotak Mahindra Bank lowers interest rates on savings deposits for second time in April; new rates effective from today
Business

Kotak Mahindra Bank lowers interest rates on savings deposits for second time in April; new rates effective from today

Kotak was one of a handful banks-–Yes Bank, Indusind Bank, RBI and DBS--to offer higher pricing on savings deposits that had peaked at 7 percent for the past many years.

Coronavirus Outbreak: Uday Kotak to takes notional salary of only Re 1 for financial year 2020-21
Business

Coronavirus Outbreak: Uday Kotak to takes notional salary of only Re 1 for financial year 2020-21

Billionaire banker Uday Kotak has decided to take a notional salary of only Re 1 for the financial year 2020-21, amid COVID-19 pandemic, which is likely to have huge economic implications

Bank shares tank after Moody's changes outlook on Indian banks to negative; RBL, Kotak, IndusInd top losers
Business

Bank shares tank after Moody's changes outlook on Indian banks to negative; RBL, Kotak, IndusInd top losers

Bank shares on Friday dropped up to 15 percent after Moody's Investors Service changed the outlook for the Indian banking system to negative from stable

Market opens in red: Sensex falls 350 points, Nifty trades below 8,200-mark; IndusInd, Kotak Mahindra among top losers
Business

Market opens in red: Sensex falls 350 points, Nifty trades below 8,200-mark; IndusInd, Kotak Mahindra among top losers

At 10 AM, the Sensex was trading 27,899.73, lower by 365.58 or 1.29 percent from the previous close of 28,265.31. It had opened at 28,623.53 and touched an intra-day high of 28,639.12 and a low of 27,800.07.

Coronavirus Outbreak: Most private banks go for 'opt-in' option on loan repayment moratorium
Business

Coronavirus Outbreak: Most private banks go for 'opt-in' option on loan repayment moratorium

Most of the private sector lenders have decided to go for the "opt-in" option on loan repayment moratorium, putting the onus on the customer to take the initiative of informing the bank of their choice to go for the three-month breather offered by the Reserve Bank of India

Hinduja Group keen to raise stake in IndusInd Bank to 26%, seeks RBI permission; shares down over 9%
Business

Hinduja Group keen to raise stake in IndusInd Bank to 26%, seeks RBI permission; shares down over 9%

IndusInd Bank shares touched a high of Rs 707.45 in the morning session, but later pared gains to trade at Rs 668.80, up 0.7 percent from their previous close, at 11:42 am on NSE.