Kotak Mahindra Bank Ltd News
Uday Kotak expresses concern on excessive financialisation, protectionism
He emphasized the need for India to improve productivity, avoid excessive protectionism and increase manufacturing as a percentage of GDP
 "Uday Kotak expresses concern on excessive financialisation, protectionism")
LIC suffers Rs 84,000 crore dent in portfolio amid stock market crash
A large portion of the dip is attributed to the over 10 per cent correction in ITC (Rs 11,863 crore), Larsen & Toubro (Rs 6,713 crore) and State Bank of India (Rs 5,647 crore) shares, thus far in CY25
 "LIC suffers Rs 84,000 crore dent in portfolio amid stock market crash")
Kotak Mahindra Bank's margins to improve after ban removal: Brokerages
The bank's net interest margin (NIM) has seen a decline of over 35 basis points (bps) since the restrictions were imposed by the regulator in April 2024
 "Kotak Mahindra Bank's margins to improve after ban removal: Brokerages")
RBI lifts restrictions on Kotak Mahindra Bank on onboarding new customers
In April last year, the RBI placed restrictions on the bank as it failed to plug gaps in its information technology (IT) systems
 "RBI lifts restrictions on Kotak Mahindra Bank on onboarding new customers")
Kotak Bank acquires StanChart's Rs 3,330 crore personal loan portfolio
Open to buy loan pools that meet risk-adjusted return norms
Kotak Mahindra Bank Q3 results: Consolidated net up 10% at Rs 4,701 crore
Net interest income grew by 10 per cent Y-o-Y to Rs 7,196 crore, while fees and services for Q3FY25 also grew 10 per cent to 2,362 crore
 "Kotak Mahindra Bank Q3 results: Consolidated net up 10% at Rs 4,701 crore")
Kotak Mahindra Bank CTO & COO Milind Nagnur resigns citing personal reasons
In his resignation letter, Nagnur stated that he intends to relocate to the United States to care for family members
 "Kotak Mahindra Bank CTO & COO Milind Nagnur resigns citing personal reasons")
Kotak Mahindra Bank Q2 results: Consolidated PAT up 13% to Rs 5,044 crore
Other income or non-interest income went up to Rs 2,684.19 crore from Rs 2,314.53 crore. Fees and services for Q2FY25 increased to Rs 2,312 crore, up 14 per cent
Kotak Mahindra Bank to buy Rs 4.1K cr India personal loan book of StanC
This deal marks the second significant transaction between an Indian private sector bank and a foreign bank in recent years
Kotak Mahindra Bank to buy Standard Chartered's India personal loan book
Transaction is expected to be completed over next three months
 "Kotak Mahindra Bank to buy Standard Chartered's India personal loan book")
