Page 3 - Kotak Mahindra Bank

Zurich Insurance to acquire 70% stake in Kotak General for Rs 5,560 crore

The proposed 70 per cent acquisition is subject to regulatory approval from the Reserve Bank of India and the Insurance Regulatory and Development Authority of India

Bank stocks outperform markets on Tuesday; HDFC Bank rises 2%; here's why

Shares of HDFC Bank gained 2 per cent to Rs 1,447.5 apiece in the intraday trade after global brokerage Citi gave a 'buy' rating

Kotak Mahindra Bank announces key changes to its leadership team

KVS Manian to be joint MD, Shanti Ekambaram Dy MD; new COO, group CFO & CRO appointed

Sensex slides 1,053 pts, Nifty ends below 21,250; ZEE plunges 31%, RIL 2%

Stock market highlights on Tuesday, January 23: The BSE MidCap and SmallCap indices fell nearly 3 per cent each. Sectorally, the Nifty Media index crashed 13 per cent

Kotak Mahindra's Q3 consolidated net up 6.76% at Rs 4,265 cr; NII jumps 16%

On a standalone basis, the net profit for the reporting period was up 7.62 per cent to Rs 3,005 crore, attributed to a sharp rise in provisions

Sajjan Jindal's JSW Cement begins talks with i-bankers for Rs 6k cr listing

The Sajjan Jindal-led JSW group is likely to list its cement business after the general elections

Bank FD rates soar: Right time for investors to secure peak returns

Small finance banks' FDs yield more than larger banks' offerings, but invest in them sparingly. Investors need to lock into current peak rates before they begin to decline

Ashok Vaswani takes charge as Kotak Mahindra Bank MD & CEO from January 1

Furthermore, C S Rajan, independent director, has assumed the office as the part-time chairman of the bank, with effect from January 1, 2024

Veteran banker Vaswani takes charge as Kotak Mahindra Bank's MD, CEO

He replaced Dipak Gupta, who was the interim MD and CEO, following founder director Uday Kotak stepping down as the head of the bank, effective September 1, 2023

India transforming from nation of savers to that of investors: Uday Kotak

India has transformed from being a nation of savers to investors and the tussle between the saver/borrower and issuer/investor model is underway

RBI approves CS Rajan's appointment as Kotak Mahindra Bank chairman

Rajan, an IAS officer of the 1978 batch, was appointed as an Independent Director on the Board of Kotak Mahindra Bank, with effect from October 22, 2022

Kotak Mahindra Bank shareholders approve Vaswani's appointment as MD & CEO

Reserve Bank of India cleared Vaswani's appointment as MD & CEO of the bank for a period of three years with the effect from the date of taking charge, which should not be later than 1 January 2024

Green shoots visible in corporate lending: Kotak Mahindra Bank director

The government focus on infrastructure development in the last three years has created space for capital expenditure by the private sector as well

Kotak Mahindra appoints Eli Leenaars as additional and independent director

With 35 years of experience in the financial sector, Eli Leenaars' new appointment will take effect from January 1, 2024

Several banks raise FD rates in December, offer up to 8% interest

On Monday, Kotak Mahindra Bank raised fixed deposit (FD) interest rates by up to 85 basis points. Kotak Mahindra customers can now earn up to 7.80 per cent on senior citizen FDs

Zurich Insurance to pick 51% stake in Kotak Gen Insurance for Rs 4,051 cr

Plans to increase stake to 70% within three years

Zurich Insurance to buy 51% stake in Kotak Mahindra General Insurance

Further, within three years from the initial acquisition, Zurich Insurance Company Ltd will buy an additional 19% stake in the Kotak Mahindra General Insurance Company Ltd

Stocks to Watch today: ICICI Bank, Hudco, NDTV, ABFRL, Samvardhan, Paytm

Stocks to Watch on Monday, October 23, 2023: Paytm said its revenue increased 32 per cent YoY to Rs 2,519 crore in the second quarter, with its consolidated net loss narrowing to Rs 291 crore

Kotak Mahindra Bank Q2 results: Net profit up 24%, aided by improved NIMs

The net interest income increased 23% to Rs 6,297 cr from Rs 5,099 cr a year ago

Kotak Mahindra Bank gets RBI approval to acquire MFI Sonata Finance

The shares of Kotak Mahindra Bank closed 1.8% higher at Rs 1769.55 on BSE Ltd while the broader index was down 0.35%