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Kotak Mahindra Bank

19 Oct 2024

Kotak Mahindra Bank's Net Profit Up 4.8% To Rs 3,344 Crore In Q2

The bank reported net interest income for the quarter to Rs 7,020 crore, from Rs 6,297 crore in Q2 FY24, up 11 per cent YoY.

Kotak Mahindra Bank

02 Jul 2024

Kotak Mahindra Bank Shares Decline Over 2 Per Cent; Mcap Erodes By Rs 7,777 Cr

Other bank stocks also declined on Tuesday, with Bank of Baroda slumping 2.65 per cent, IndusInd Bank (1.89 per cent), State Bank of India (1.87 per cent), ICICI Bank (1.79 per cent), Canara Bank (1.69 per cent) and more.

25 Apr 2024

DNA: Why Did RBI Ban Kotak Mahindra Bank?

Kotak Mahindra Bank

25 Apr 2024

'Banks Se Tech Nahi Ho Rahi, Fintech Se Banking Nahi Ho Rahi': Ashneer Grover

BharatPe co-founder Ashneer Grover has taken dig at RBI's recent clamp down on Banks and Fintech companies.

Kotak Mahindra Bank news

25 Apr 2024

RBI takes big action on Kotak Mahindra Bank

Reserve Bank of India

24 Apr 2024

Setback For Kotak Mahindra Bank, RBI Bars It From Onboarding Customers Online

The RBI said it took the action under Section 35A of the Banking Regulation Act, 1949.

17 Jan 2024

HDFC Bank Shares Plunge Over 8 Pc Post Q3 Earnings

HDFC Bank on Tuesday reported a 2.65 per cent rise in consolidated net profit of Rs 17,258 crore for the October-December period against Rs 16,811 crore in the preceding September quarter.

cello world ipo

23 Oct 2023

Cello World's Rs 1,750 Crore IPO Set For October 30 Debut

Cello World makes things for your home and office. They have stuff like pens, stationery, furniture, and glassware. They make a lot of different products.

Kotak Mahindra Bank

21 Oct 2023

Ashok Vaswani To Replace Uday Kotak As Next CEO Of Kotak Mahindra Bank

Ashoka Vaswani will replace Uday Kotak as the next CEO of Kotak Mahindra Bank after RBI had approved the recommendation.

02 Sep 2023

Started 38 Years Ago With 3 Workers, Uday Kotak's Remarkable Legacy In Finance

Let’s delve deeper to read more about Uday Kotak’s journey to build a big financial institute in India, providing 1 lakh direct jobs and competing against giants Goldman Sachs and JP Morgan.

02 Sep 2023

Uday Kotak Steps Down As Chairman and MD Of Kotak Mahindra Bank

Uday Kotak founded Kotak Mahindra bank 38 years ago with 3 employees in a 300 sqft office in Fort, Mumbai. It is now become a big financial institution, competing against JP Morgan and Goldman Sachs.

24 Jan 2023

Savings Account Interest 2023: From Axis Bank to SBI - Check Latest Rate

Kotak Mahindra Bank

21 Jan 2023

Kotak Mahindra Bank posts 17 pc growth in profit after tax to Rs 3,995 crore i

The Bank`s operating expenses rose 25.33 per cent to Rs 5,371.32 crore in the reviewed quarter (October-December) from Rs 4,285.57 crore in the corresponding period during the previous year.

12 Jan 2023

FD interest rates 2023: THESE banks hikes fixed deposit rates in new year

Kotak Mahindra Bank

17 Dec 2022

Kotak Mahindra Bank servers down today: Customers facing problems; Deets here

The Kotak Mahindra Bank server is down today. Customers are not able to do any type of transaction. Kotak Mahindra Bank responds that they are working to resolve the issue.

17 Oct 2022

Banks hike MCLRs, repo-linked lending rates post RBI rate action

SBI has revised the MCLR for the benchmark one-year tenor to 7.95 per cent, up by 25 basis points from previous rate. The one-year tenor MCLR is the rate against which most of the consumer loans are tied to. Kotak Mahindra Bank said the MCLR for various tenors has been set in the range of 7.70-8.95 per cent with effect from October 16, 2022.

17 Oct 2022

Bad news for customers ahead of Diwali, loan EMIs to get more expensive

Country's largest lender State Bank of India (SBI) has revised the MCLR for the benchmark one-year tenor to 7.95 per cent, up by 25 basis points from previous rate. SBI said the new MCLR is effective from October 15, 2022.

06 Sep 2022

Federal-Kotak Mahindra merger is only 'Speculation', clarifies Federal Bank

Federal Bank clarified Federal-Kotak merger is 'speculative' in SEBI filing. Federal bank stock hit high on Monday to reach at Rs 129.75. Federal Bank was founded in 1931 and now has more than 1,250 locations around the nation.

Kotak Mahindra Bank

04 Jul 2022

RBI imposes penalty on Kotak Mahindra Bank, IndusInd Bank

RBI has also imposed penalties on four co-operative banks. A penalty of Rs 1.05 crore has been imposed on Kotak Mahindra Bank. RBI said a penalty of Rs 1 crore has been imposed on IndusInd Bank for non-compliance with KYC.

06 May 2022

Five major banks increase FD rates after RBI rate hike

Bandhan Bank, Kotak Mahindra Bank, Jana Small Finance Bank, Bank of Baroda, and ICICI Bank are among the lenders. Kotak Mahindra Bank said it has boosted fixed deposit interest rates by 30 basis points for 390 days and 35 basis points for 23 months, respectively. This comes after banks raised loan rates.

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