Page 2 - Kotak Mahindra Bank

Nifty Bank hits 50,000 mark for the first time ever; Check key reason

Surpassing the 50,000-mark for the very first time, the index's ascent can also be attributed to robust Q4 GDP figures, and S&P recent upgradation of India's rating to positive

RBI's increased scrutiny of banks, financial firms leads to restrictions

Since 2020, the RBI has placed business restrictions on many players

Kotak Mahindra Bank, Paytm, Mahindra Fin, among six stocks to watch today

Indian equity markets are poised to regain some lost ground on Monday after Friday's significant downturn. As of 7:35 AM, the GIFT Nifty was trading at 22,688, marking an increase of 112 points

Kotak Mahindra Bank Q4 result: Consolidated PAT up 17% to Rs 5,337.2 cr

Standalone net profit at Rs 4,133.3 cr, is up 18.24 per cent year-on-year on the back of healthy loan growth and rise in fee income

Kotak Mahindra Bank shares hit 52-week low after Joint MD resigns

The drop came after joint managing director (Joint MD) KVS Manian stepped down from his role at the bank and its board after 29 years of service

Kotak Mahindra Bank's loan, deposit growth may be impacted after RBI curbs

The regulator put restrictions on the bank citing gaps in the IT systems which the lender failed to address

Kotak Mahindra Bank actively working to address RBI's concerns: CEO

RBI barred Kotak Mahindra Bank from onboarding any new customers through its online and mobile banking channels and also prohibited it from issuing fresh credit cards

17,000 credit cards mapped to wrong users, no misuse reported: ICICI Bank

The second largest private sector lender, however, said that no instances of any misuse have been reported because of the error, and also promised to compensate users for any financial loss

RBI action on Kotak Bank: Stock plunges 12% as analysts turn bearish

RBI action on Kotak Mahindra Bank: With unsecured lending, especially credit cards, becoming key focus areas of most banks, Kotak Mahindra Bank will lose the opportunity to add the high-yield products

RBI action on Kotak Mahindra Bank: What the restrictions mean for customers

Finding deficiency in the bank's IT infra, the RBI restricted Kotak Mahindra Bank from issuing new credit cards and acquiring customers online. Here's what it means for new and existing customers

RBI tells Kotak Mahindra Bank to stop issuing new credit cards

RBI said the bank can provide services to its existing customers, including its credit card customers

Curbs on Kotak Mahindra Bank: How RBI has pulled up other firms in 5 years

HDFC Bank, Bank of Baroda and Paytm Payments Bank have faced action for alleged regulatory violations

Carlyle picks JPMorgan, Kotak to help arrange Hexaware IPO: Report

The US investment firm plans to hold the IPO as early as in the fourth quarter of this year, the people said, asking not to be identified as the deliberations are private.

Vishal Mega Mart said to pick Kotak, ICICI Bank for mega IPO: Report

Other banks are likely to be added to work on the IPO, the people said. The Gurugram-based company could raise between $850 million to $1 billion in the offering, they said

Businesses of saving planet, sustainability can prosper: Uday Kotak

Wish for India to see it in the third place in the next five years as an absolute GDP

Kotak Mahindra Bank acquires 100% stake in Sonata Finance for Rs 537 crore

Sonata is operating in 10 states through 549 branches and has an Asset Under Management (AUM) of approximately Rs. 2,620 crore as of December 31, 2023, the exchange notification said

RBI approves re-designation of Manian, Ekambaram of Kotak Mahindra Bank

Kotak Mahindra Bank had announced the reorganisation of its senior management team last month

Cross-check with multiple lenders for accurate valuation of gold loan

For fairer assessment, select a lender that uses an external assayer

Axis Bank set to tap infrastructure bond market after 2 years: Report

Infrastructure bonds are issued to finance long-term development projects

Angel One, Kotak Mahindra Bank arm executives to launch wealth mgmt biz

Srikanth Subramanian, the former chief executive of Kotak Cherry, will be the co-founder and chief executive of Angel One Wealth, an official statement said