Kotak Mahindra Bank
Kotak Mahindra Bank News
Sensex plunges 434 points, Nifty plummets 139 points; rate-sensitive bank, auto, realty stocks fall up to 5% post-RBI rate cut
The RBI cut repo rate by 25 basis points to 5.15 percent, bringing the cumulative reduction in the interest rate of 135 basis points for this calendar year
IL&FS crisis: Uday Kotak gets one-year extension on bankrupt infra lender's board, exemption given on RBI recommendation
Kotak was appointed by the government as the head of the lender's board which will help the troubled company come out of difficulties after the state took over the board.
The finance ministry on Monday said banks have agreed to take steps to review lending rates as they have not "commensurately" transmitted to borrowers benefits of reduction in the policy rate by the RBI
The valuation of State Bank of India tumbled Rs 30,388.3 crore to Rs 2,75,279.64 crore
As part of the revised terms, State Bank of India, the largest bank in the country by assets has decided to halt lending to dealers of Hyundai Motor India unless they provide a minimum of 25% collateral, according to a memo
Until now, Zeta has been funded till date by $40 million by co-founders Bhavin Turakhia and Ramki Gaddipati
Kotak Mahindra Bank Q1 consolidated net profit up 23% as provisions for bad loans decline; 'will tread cautiously in FY20', says Joint MD
Kotak Mahindra Bank on Monday reported a jump of 23 percent in its consolidated net profit at Rs 1,932 crore in the first quarter ended 30 June
Quarterly earnings to drive markets this week; indices may see volatility due to Fed policy meeting, monsoon, say analysts
Quarterly earnings from frontline companies such as HUL, Maruti Suzuki and Kotak Mahindra Bank would set the trend for equity markets
Six of top-10 firms lose Rs 53,459 crore in market capitalisation last week; m-cap of ICICI Bank, SBI zoom
TCS, HDFC Bank, HUL, HDFC and ITC were some of the blue-chips that witnessed a drop in their market capitalisation (m-cap)
Reserve Bank may cut interest rate by at least 25 bps on Thursday to prop up economic growth: Experts
RBI's Monetary Policy Committee (MPC) is slated to announce its bi-monthly policy on Thursday amidst Narendra Modi-led government starting its second term
In 2019, the RBI cut repo rate by 25 basis points each in its February and April monetary policy reviews
Reliance Industries' market valuation zoomed by Rs 45,069.66 crore to Rs 8,47,385.77 crore for the week ended Friday
Uday Kotak warns of more liquidity squeeze in next two quarters muddying waters for financial sector again
The next six months are crucial for the financial sector, Uday Kotak, the executive vice-chairman of Kotak Mahindra Bank said, adding the fear this time is the financial sector impacting both itself as well as the real sector.
Kotak Mahindra Bank clocked a profit of Rs 1,789.24 crore in the same quarter of the previous financial year
former Chief Economic Adviser Arvind Virmani said that it is for the RBI to understand that the real interest rate in India right now is very high
Bombay High Court asks Kotak Mahindra Bank promoters to file affidavit on RBI's equity dilution directive
The Bombay High Court on Monday sought an affidavit from the promoters of Kotak Mahindra Bank stating that they have complied with the RBI's directive to dilute the promoter's shareholding
Uday Kotak, vice chairman and managing director of Kotak Mahindra Bank, earlier held 30.03 percent stake.
It is estimated that the stake would have fetched Rs 2,800 crore to the global financial institution of Dutch origin.
Uday Kotak says technology majors like Google and Facebook should not be allowed to get into banking sector
Kotak said banking is a business with a high degree of leverage involving public trust and continues to be synonymous with safety
RBI slaps penalties on 7 banks for non-compliance of norms; Rs 1.5 cr imposed on Allahabad Bank, Bank of Maharashtra, IOB
The Reserve Bank further said Rs 20 lakh fine each on HDFC Bank, IDBI Bank and Kotak Mahindra Bank for non-compliance with various directions on KYC norms and anti-money laundering standards.