Kotak Mahindra Bank
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All Stories for Kotak Mahindra Bank
Govt may have to bailout IL&FS following failed attempts by company to raise capital through rights issue
Fp Staff •Five of top 10 companies add Rs 31,381 cr in market capitalisation last week; ITC tops chart
•In the ranking of top-10 firms, TCS stood at number one position, followed by RIL, HDFC Bank, ITC, HUL, Infosys, HDFC, SBI, Kotak Bank and ONGC.
IL&FS crisis: Former independent directors write to new chairman Uday Kotak, extend support in turn around efforts
•Five former independent directors, in a letter, have mentioned about IL&FS being unable to raise additional equity despite several attempts and the "asset-liability" mismatch that continued to aggravate
No adverse impact from Supreme Court ruling on Aadhaar-based accounts, says Kotak Mahindra Bank
•Google for India: Digital payment app Tez has now been renamed as Google Pay
Ians •At the moment, nothing is changing about the experience in India other than the name to Google Pay.
Kotak Mahindra Bank to open over 100 branches in FY19; to take network to 1,500 from existing 1,391
•Kotak will continue to expand its branch network across India using a dual strategy- a hub and spoke model in locations where the bank is already present
Uday Kotak trims stake in Kotak Mahindra Bank to 19.70% from around 30% earlier
•RBI had earlier asked promoters of Kotak Mahindra Bank to bring down their stake to 20 percent by December 2018 and 15 percent by March 2020 in line with the guidelines for new bank licenses released four years ago.
Kotak Mahindra Bank gets nod to raise Rs 500 crore by issuing preference shares on private placement basis
•As per the norms, banks are required to shore up their capital adequacy ratios and maintain equity capital at 7 percent of risk-weighted assets.
Kotak Mahindra Bank's Q1 net up 12% to Rs 1,025 crore; total income up 19.44% at Rs 6,644.29 crore
•NPAs of Kotak Mahindra Bank reduced to 2.17% of gross advances as of June quarter 2018-19 from 2.58 percent in the same period last year
PNB Housing shares surge over 14%; market cap rises by Rs 2,637 cr
•Shares of PNB Housing Finance surged over 14 percent on Monday amid reports that HDFC and Kotak Bank are eyeing controlling stake in the company