Page 4 - Kotak Mahindra Bank

RBI imposes fines on Kotak Mahindra Bank, ICICI Bank for violating norms

ICICI Bank was also found marketed and engaged in the sale of non-financial products and failed to report frauds to the RBI within the prescribed timelines

Kotak Mahindra Bank bets big on SMEs, mid-market segments in South

Currently, the bank's SME and mid-market portfolio forms 27 per cent of its entire wholesale banking book

RBI approves Gupta's appointment as interim Kotak Mahindra Bank MD & CEO

On 2 September, the lender said Gupta has been appointed as interim managing director and chief executive officer after Uday Kotak stepped down, four months before his current term

RBI okays appointment of Dipak Gupta as interim MD of Kotak Mahindra Bank

RBI through its letter dated September 7, 2023, approved Gupta's appointment for a period of two months with effect from September 2, 2023, Kotak Mahindra Bank said in a BSE filing

Uday Kotak resigns as MD, CEO of Kotak Mahindra Bank effective September 1

As an interim arrangement, joint MD Dipak Gupta will carry out duties of MD and CEO until December 31

Full text of Uday Kotak's resignation letter as he steps down as MD & CEO

In the meantime, Dipak Gupta, the current joint managing director, will function as MD and CEO, subject to approvals

Uday Kotak steps down as Kotak Mahindra Bank MD & CEO effective Sep 1

Uday Kotak's term would have ended on December 31, 2023. Joint MD Dipak Gupta has been appointed interim CEO

Uday Kotak steps down as MD & CEO of Kotak Mahindra Bank effective Sep 1

In the interim, Dipak Gupta, the joint managing director, will carry out the duties of the MD & CEO until December 31, 2023

Home Loan Processing Fees Offer - 50% off on Kotak's Digital Application on Home Loans- Check Details

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For how many years should one run a bank?

The RBI has started showing the door to those who compromise on governance, but its patience for non-performance is still pretty high

Kotak Mahindra Bank Q1 consolidated net profit up 51% to Rs 4,150 crore

On a standalone basis, the private sector lender reported a net profit of Rs 3,452 crore in Q1FY24, up 67 per cent year-on-year

See my role as non-exec board member, a strategic shareholder: Uday Kotak

His term as MD & CEO of Kotak Mahindra Bank ends on December 31, 2023

Kotak Investment Advisors invests Rs 732 cr in RattanIndia Power NCDs

The infusion is part of the total investment of Rs 1,125 crore by a consortium of lenders

Kotak Mahindra Bank raises Rs 1,895 crore through infrastructure bonds

Gets bids worth Rs 3,605 cr

Kotak Mahindra Bank gets Rs 5,400 crore deposits in Rs 2,000 banknotes

The bank floated 'ActivMoney' feature for saving and current accounts and started the incorporation of Kotak Karma Foundation

Stellar show by banks, but will it continue?

There are challenges ahead. It won't be easy for the banking sector to put up a better performance every quarter

CPPIB sells 1.77% stake in Kotak Mahindra Bank; IEX shares slump 10%

Shares of Indian Energy Exchange (IEX) plunged more than 10% on Friday on fears that the implementation of 'market coupling' norms will make a dent into revenues

Bank of Maharashtra emerges as top performer in NPA management during FY23

The Pune-based state-owned lender was followed by HDFC Bank with net NPA falling to 0.27 per cent and Kotak Mahindra Bank clinching the third spot with 0.37 per cent of net advances

Kotak Mahindra Bank to be the biggest beneficiary of MSCI rejig

In a note, Nuvama Research. said that Kotak Mahindra Bank's weighting in the index has gone up by 135 basis points to 2.8 per cent

Multi-service platform ONDC beating Swiggy, Zomato: All you need to know

ONDC intends to bring the benefits of digitisation to millions of sellers and resellers in the country