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 customer deposits jump 20% in FY20 at Rs 2.58 lakh cr; net advances in FY20 moved up 6.7% to Rs 2.19 lakh cr
Savings deposits at Kotak Mahindra moved up dramatically to Rs 1.04 lakh crore, up 31.3 percent from Rs 79,685 crore in the same period.
Yes Bank will resume full banking services from Wednesday, says RBI-appointed administrator Prashant Kumar
Kumar said that the Centre came out with final notification for reconsturction of Yes Bank on 13 March and it is basically about constitution of board, equity participation and infusion into bank.
Yes Bank shares gain nearly 10% after SBI says it will infuse Rs 7,250 cr into crisis-hit private lender
Yes Bank has been struggling to raise capital amidst its dwindling financial health.
Moratorium, withdrawal cap on Yes Bank credit negative; move to affect timely repayment of depositors, creditors: Moody's
The central bank on Thursday imposed a moratorium on the capital-starved Yes Bank, capping withdrawals at Rs 50,000 per account and superseded the board of the private sector lender with immediate effect.
Yes Bank to delay Q3 results till mid-March; says management 'deeply engaged' in fundraising exercise
Yes Bank said it has received non-binding expressions of interest from companies including JC Flowers & Co. LLC; Tilden Park Capital Management LP; OHA (UK) LLP (part of Oak Hill Advisors); and Silver Point Capital
However, total income increased to Rs 2,64,430 crore as against Rs 1,029.20 crore for the same period year ago, RBL Bank said in a regulatory filing.
About 15,000 mid, senior level employees exit Axis Bank on organisational restructuring; lender hires 28,000 people this fiscal
Though a few exits have been reported in the senior levels of Axis Bank as well due to the restructuring of the operations, majority of the employees quit at the branch levels.
Macquarie says got Yes Bank call all wrong; double-downgrades bank's stocks, cuts target price by 40%
Yes Bank reported its first-ever loss of a whopping Rs 1,506-crore for the March quarter under a new management led by Ravneet Gill
Ravneet Gill succeeded Rana Kapoor in March after RBI asked to leave by end January due to a regulatory discomfort.
RBI warns Yes Bank of regulatory action for disclosure of nil divergence report; says Risk Assessment Report misrepresented
The RAR also identifies several other lapses and regulatory breaches in various areas of Yes Bank's functioning and the disclosure of just one part of the RAR is viewed by RBI as a deliberate attempt to mislead the public, the RBI said.
On Wednesday, ICICI Bank's Board of Directors had decided to institute a "comprehensive enquiry" to look into an anonymous whistle blower's complaint alleging that Chanda Kochhar had not adhered to provisions relating to "code of conduct" of the bank.
Uday Kotak, along with family members, held 33.61 percent stake in the bank as of December 2016, out of which 33.30 per cent is held by Kotak in his personal capacity.