Last month, in its latest move, the RBI asked lenders to stop issuing new microfinance loans to borrowers unless they have cleared previous loans, three of the bankers said
Kotak has rolled out a special offer of 15% discount up to Rs 4,000 for Kotak White and White Reserve Credit Card customers.
China lowered its key benchmark lending rates by 25 basis points in the monthly fixing. The People's Bank of China (PBOC) reduced the 1-year loan prime rate (LPR) to 3.1% and the 5-year LPR to 3.6%
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
This deal marks the second significant transaction between an Indian private sector bank and a foreign bank in recent years
Transaction is expected to be completed over next three months
Kotak Mahindra Bank, ICICI Bank, and Tata Technologies saw changes in their weightage in the FTSE All-World Index, which rose 1.8, 3.8, and 5.1 per cent, respectively
Analysts at Nomura suggested that larger private banks are likely to experience a greater negative impact on their NIMs from the potential US Fed rate cuts compared to mid-sized & smaller banks.
InCred's target price translates into 30.7 per cent downside in the share price from previous close of Rs 721.15 per share.
As per the scheme of amalgamation approved on Monday, Sonata would merge with BSS Microfinance Ltd on a going concern basis, Kotak Mahindra Bank said in a regulatory filing
The key highlight of the budget is the government's steadfast dedication to fiscal prudence
The private sector lender has also beefed up internal teams to fix issues and tone up the working of the systems
Kotak Mahindra Bank Q1 results: The bank's deposits grew by 21 per cent Y-o-Y to Rs 4.35 trillion at the end of June 2024
Vaswani highlighted that the most important stakeholder in the bank are customers
Kingdon informed KMIL that the transactions were made on a principal basis, i.e. for themselves, said the bank in a stock exchange filing
ICICI Bank, IndusInd Bank, IDFC First Bank, Bandhan Bank and Federal Bank from the private sector and Bank of Baroda PNB and SBI from the public sector slipped in the range of 1 per cent to 3 per cent
India's fourth-largest private lender will target the pockets where there is easy availability of deposits, the official said, adding that customer acquisition through branches is seeing good traction
As of 7:10 AM, most Asia-Pacific markets were active following Japan's better-than-expected trade data. Japan's Nikkei was up 0.55 per cent, with Korea's Kospi surging nearly 1 per cent
This acquisition will make Matrix the second-largest Indian active pharmaceutical ingredients (API) player with global leadership in antiretroviral (ARV) APIs