Kotak Mahindra Bank

Kotak Mahindra Bank News

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.

Yes Bank rescue plan: Bandhan Bank to invest Rs 300 cr as part of RBI's reconstruction plan for crisis-hit private lender
Business

Yes Bank rescue plan: Bandhan Bank to invest Rs 300 cr as part of RBI's reconstruction plan for crisis-hit private lender

ICICI Bank, Housing Development Finance Corp Ltd, Axis Bank and Kotak Mahindra Bank too on Friday said they will join the SBI-led consortium and invest in Yes Bank.

Yes Bank crisis: ICICI Bank, HDFC, Axis, Kotak to infuse Rs 3,100 cr in crippled private lender as part of bailout plan
Business

Yes Bank crisis: ICICI Bank, HDFC, Axis, Kotak to infuse Rs 3,100 cr in crippled private lender as part of bailout plan

ICICI Bank, HDFC, Axis Bank and Kotak Mahindra Bank will together invest Rs 3,100 crore as part of the RBI's reconstruction plan for the crisis-hit lender, according to the regulatory filings

Yes Bank crisis: Best practices needed as benchmark to govern banks; govt should consult with veteran bankers for solutions
Business

Yes Bank crisis: Best practices needed as benchmark to govern banks; govt should consult with veteran bankers for solutions

Recent days have seen RBI governor Shaktikanta Das pulling up public sector banks for poor credit growth even as Kapoor's Yes Bank shenanigans were simmering in the backdrop.

Kotak Mahindra Bank gets Reserve Bank's final approval for trimming promoters' stake to 26%
Business

Kotak Mahindra Bank gets Reserve Bank's final approval for trimming promoters' stake to 26%

Private sector Kotak Mahindra Bank on Wednesday said the Reserve Bank has granted its final approval for reducing promoters' stake in the bank to 26 percent

DHFL stock rises 5% to hit upper circuit as over two dozens entities interested in takeover
Business

DHFL stock rises 5% to hit upper circuit as over two dozens entities interested in takeover

Shares of Dewan Housing Finance Corporation Ltd on Tuesday shot up 5 percent to hit upper price band after more than two dozen entities put in bids to takeover the debt-laden firm

Sensex jumps over 200 points ahead of Economic Survey, Nifty holds 12,000-mark; Wipro shares decline after CEO resigns
Business

Sensex jumps over 200 points ahead of Economic Survey, Nifty holds 12,000-mark; Wipro shares decline after CEO resigns

According to analysts, the market is now focused on the Economic Survey and the Union Budget, with high expectations of further stimulus to the economy

Kotak Mahindra Bank to withdraw court case against RBI, to pare promoter stake to 26% in six months
Business

Kotak Mahindra Bank to withdraw court case against RBI, to pare promoter stake to 26% in six months

Private sector lender Kotak Mahindra Bank on Thursday said it will withdraw a case concerning dilution of promoters' shareholding in the bank which it had filed against the RBI in the Bombay High Court

Collaboration using blockchain technology is key to solving a lot of systemic issues in banking sector says IBM's Jitan Chandanani
News & Analysis

Collaboration using blockchain technology is key to solving a lot of systemic issues in banking sector says IBM's Jitan Chandanani

In the first phase of this network, the banks set up a live network for supply-chain vendors across India to register themselves

Kotak Mahindra Bank best suited to acquire Yes Bank, says SBI chairman Rajnish Kumar
Business

Kotak Mahindra Bank best suited to acquire Yes Bank, says SBI chairman Rajnish Kumar

Two of India's top bankers on Tuesday opined that Kotak Mahindra Bank (KMB) is best suited to acquire smaller and capital-starved rival Yes Bank

Sensex slips 73.38 points to 40,371.77, Nifty falls 26 points in early deals; Bajaj Finance biggest loser; Maruti, Vedanta rally
Business

Sensex slips 73.38 points to 40,371.77, Nifty falls 26 points in early deals; Bajaj Finance biggest loser; Maruti, Vedanta rally

The Sensex was trading 73.38 points or 0.18 percent lower at 40,371.77 in morning trade; while the broader Nifty was trading 26.10 points or 0.22 percent down at 11,895.40

Mukesh Ambani polevaults to 12th position as world's richest Indian with net worth of $59.4 bn after m-cap nears Rs 10 lakh cr
Business

Mukesh Ambani polevaults to 12th position as world's richest Indian with net worth of $59.4 bn after m-cap nears Rs 10 lakh cr

With Reliance Industries having overtaken British energy giant BP Plc to become the sixth-largest energy company in the world, the conglomerate is now valued at $138 billion

Close to 70 senior bankers in fray for Tamil Nadu-based Lakshmi Vilas Bank's top post; lender has been headless since September
Business

Close to 70 senior bankers in fray for Tamil Nadu-based Lakshmi Vilas Bank's top post; lender has been headless since September

Lakshmi Vilas Bank has been headless since mid-September after the then chief executive Parathasarathy Mukherjee left before the completion of his three-year term.

Why whistleblower 2.0 is a body blow to Infosys, renewable energy needs a renewed thrust; all this and more on Moneycontrol Pro
Business

Why whistleblower 2.0 is a body blow to Infosys, renewable energy needs a renewed thrust; all this and more on Moneycontrol Pro

Infosys, once the poster boy of corporate governance in India, is for the second time in two years at the receiving end after whistleblowers alleged fudging of numbers

Kotak Mahindra Bank Q2 net profit rises 38% at Rs 2,407 cr; gross NPAs up to 2.17%
Business

Kotak Mahindra Bank Q2 net profit rises 38% at Rs 2,407 cr; gross NPAs up to 2.17%

Kotak Mahindra Bank on Tuesday reported a 38 percent increase in consolidated net profit at Rs 2,407.25 crore for the September quarter mainly on healthy core income

Eight of top 10 Indian firms add Rs 80,943 cr in market capitalisation; Reliance Industries zooms among frontline entities
Business

Eight of top 10 Indian firms add Rs 80,943 cr in market capitalisation; Reliance Industries zooms among frontline entities

In the top-10 ranking, Reliance Industries was placed at the numero uno position, followed by TCS, HDFC Bank, HUL, Infosys, HDFC, Kotak Mahindra Bank, ITC, ICICI Bank and Bajaj Finance

Forbes India Rich List: Mukesh Ambani retains top spot for 12th consecutive year, Gautam Adani jumps to second place
Business

Forbes India Rich List: Mukesh Ambani retains top spot for 12th consecutive year, Gautam Adani jumps to second place

Mukesh Ambani remains India’s richest for the 12th consecutive year, with $51.4 billion in wealth

RBI monetary policies have become a joke to individual borrowers and small businessmen; here's why
Business

RBI monetary policies have become a joke to individual borrowers and small businessmen; here's why

Despite the 135 basis points cut in repo rate, at which the Reserve Bank of India (RBI) lends short-term funds to banks, banks have lowered only 30-40 bps to their borrowers