Kotak Mahindra Bank | The Asian Age

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The fund will be operational for eight years and will be in the investment mode for next four years. (Photo: File)

Kotak ties up with ADIA for USD 600 mn distressed assets fund

ADIA has committed USD 500 million for the special situations fund, while Kotak will invest the remaining.

28 Feb 2019 5:21 PM

The hike in the shareholding limit comes as the private-sector lender grapples with a central bank directive on reducing its Chief Executive Uday Kotak’s stake in the bank.

Kotak Mahindra Bank raises foreign investment limit

Total shareholding of foreign institutional investors and foreign portfolio investors in the company to 45 pc from 43 pc.

26 Feb 2019 3:06 PM

It is estimated that the stake would have fetched Rs 2,800 crore to the global financial institution of Dutch origin. (Photo: File)

ING Group exits Kotak Mahindra Bank; sells 1.2 per cent stake

ING Group had around 1.20 per cent stake in Kotak Mahindra Bank.

23 Feb 2019 1:36 PM

The partnerships will provide financing solutions to MG's customers and dealer partners starting with its first launch, the Hector SUV, in the second quarter of 2019, MG Motors added.

MG Motor India ties up with 5 private banks for vehicle finance

MG Motors has signed agreements with Axis Bank, HDFC Bank, ICICI Bank, Kotak Mahindra Bank and Yes Bank.

06 Feb 2019 1:21 PM

The bank had posted a standalone net profit of Rs 1,053 crore in the October-December quarter of the last fiscal.

Kotak Mahindra Bank Q3 profit rises 23 per cent to Rs 1,291 crore

Total income rose to Rs 7,214.21 crore during the December quarter from Rs 6,049.02 crore.

21 Jan 2019 3:06 PM

Promoter of Kotak Mahindra Bank, has pared down his stake in the bank to 19.70 per cent from about 30 per cent following issuance of preference shares.

Promoter stake dilution: Kotak Mahindra Bank moves Bombay HC against RBI's decision

Shares of Kotak Mahindra Bank were trading down 5.87 per cent down at Rs 1,207 per scrip on BSE.

10 Dec 2018 1:47 PM

Kotak Mahindra Bank shares fell as much as 0.9 per cent after the results.

Kotak Mahindra Bank Q2 profit rises nearly 15 per cent

Net profit rose to 11.42 billion rupees ($155.84 million) for the quarter ended Sept 30.

24 Oct 2018 1:22 PM

Five of the 10 most valued companies in the country together added Rs 31,381.39 crore in market valuation last week, with ITC topping the chart.

Five of top-10 companies add Rs 31,381 crore in market capitalisation

While HUL, ITC, Infosys, Kotak Mahindra Bank and ONGC saw addition in their m-cap for the week ended Friday.

21 Oct 2018 5:41 PM

Three of the 10 most valued Indian companies together witnessed an erosion of Rs 1,07,026.12 crore in market capitalisation last week, with IT major TCS taking the biggest knock.

Three of top-10 companies lose Rs 1 lakh crore in m-cap; TCS hit hard

Tata Consultancy Services (TCS), ITC and Infosys suffered a decline in their valuation for the week ended Friday.

14 Oct 2018 11:44 AM

The pace of opening new bank branches has come down since the last two-three years thanks to the rise in digital transactions. (Photo: PTI)

'New branch opening pace has come down owing to digital transactions'

The presence of branches is still important, but it is not as important as it was two-three years back, he said.

12 Oct 2018 6:50 PM

Kotak Mahindra Bank Ltd, India’s fifth-biggest private sector bank by assets, on Monday reported a 15 per cent rise in fourth-quarter net profit.

Kotak Mahindra Bank Q4 profit rises 15 per cent

Gross bad loans as a percentage of total loans dropped to 2.22 per cent by end-March.

30 Apr 2018 3:31 PM

Market sentiment would also be driven by PMI data for the manufacturing and services sectors due this week.

Earnings, oil, macro data to set market tone in holiday-shortened week

Stock markets are closed on Tuesday for 'Maharashtra Day'.

29 Apr 2018 11:41 AM

Kotak Mahindra Bank sacked its Kochi branch Assistant Manager Vishnu Nandakumar, for his hate comments on social media. (Twitter | @avithe007)

'Good she was killed': Kerala banker fired for hate comment on Kathua rape victim

Police has registered a case against Vishnu Nandakumar for making derogatory remarks.

14 Apr 2018 2:26 PM

Gross bad loans as a percentage of total loans stood at 2.47 per cent at end-September.

Kotak Mahindra Bank second-quarter profit rises, meets estimates

Net profit rose to 9.94 billion rupees in quarter ended Sept 30, from 8.13 billion rupees a year earlier.

25 Oct 2017 1:53 PM

Kotak Mahindra Bank on Sunday said customers can now open zero balance 811 account through multiple digital platforms.

Kotak 811 account offers 6 per cent interest on savings, book from anywhere

The name 811 is inspired by November 8, 2016, the day decision of demonetisation was announced by Prime Minister Narendra Modi.

20 Aug 2017 6:16 PM

Kotak Mahindra Bank on Tuesday said it will offer debit card at a special price of Rs 99 for the first year for customers who will open account under its zero balance account scheme till September 15.

Kotak Bank launches debit card offer for zero balance a/c for Rs 99

The special edition debit card will be available to customers who open an 811 account from August 8, 2017 to September 15, 2017.

08 Aug 2017 9:12 PM

Shares of the bank were trading 0.48 per cent up at Rs 999.50 on BSE. (Photo: PTI)

Kotak Mahindra Bank Q1 net up 23 per cent at Rs 912.73 cr

Total income increased to Rs 5,562.66 crore for the quarter under review from Rs 5,120.03 crore a year ago.

20 Jul 2017 12:46 PM

Kotak Mahindra Bank Q4 net over 40 pc at Rs 976 cr

Bank had reported a net profit of Rs 695.78 crore in corresponding quarter of 2015-16 fiscal.

27 Apr 2017 3:56 PM

Private sector needs to play major role, says Uday Kotak

The government is talking about bad banks for the resolution of stressed assets in the system.

30 Mar 2017 12:58 AM

The new account will offer free digital services for all the customers and KMB is the first lender in the country to use the Aadhar-based OTP for the account opening.

Kotak Bank launches scheme to double customers to 16 million

29 Mar 2017 5:39 PM

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Sunil Gatade