Page 9 - Kotak Mahindra Bank
On the road to recovery: Marquee companies raise advance tax payment
Larsen & Toubro (L&T), state-owned heavyweight Indian Oil Corporation (IOC), IT major Infosys, Tech Mahindra, and private banks ICICI Bank and Kotak Mahindra Bank led the table
 "On the road to recovery: Marquee companies raise advance tax payment")
RBI gives Uday Kotak another three years as MD of Kotak Mahindra Bank
The regulator has also cleared re-appointments of Prakash Apte as part-time chairman, and Dipak Gupta as joint managing director
 "RBI gives Uday Kotak another three years as MD of Kotak Mahindra Bank")
RBI restricts Kotak Mahindra Bank from paying dividend on PNCP shares
The restriction on dividend distribution also applies to PNCPs, the RBI informed the bank in a communication.
 "RBI restricts Kotak Mahindra Bank from paying dividend on PNCP shares")
Market capitalisation of 8 of top-10 most valued firms zooms Rs 1.9 trn
Bajaj Finance emerged as the biggest gainer, reflecting bullish investor sentiment
 "Market capitalisation of 8 of top-10 most valued firms zooms Rs 1.9 trn")
12 firms to be part of MSCI India index in latest rejig; Bosch, LIC out
The changes in constituents for the MSCI global standard indices will take place as of the close of November 30, 2020
 "12 firms to be part of MSCI India index in latest rejig; Bosch, LIC out")
Firms finding it hard to balance ESG with profits, says Eugene Fama
Fama, known for his empirical work on portfolio theory, asset pricing, and the efficient-market hypothesis, was speaking to Uday Kotak, managing director and CEO of Kotak Mahindra Bank
 "Firms finding it hard to balance ESG with profits, says Eugene Fama")
Nine of top 10 most valued firms lose Rs 1.63 trn in m-cap; RIL most hit
Reliance Industries Ltd's, the most valued firm, valuation tanked by Rs 39,355.06 crore to Rs 13,89,159.20 crore
 "Nine of top 10 most valued firms lose Rs 1.63 trn in m-cap; RIL most hit")
Kotak Mahindra Bank's consolidated PAT up 22% in Q2 to Rs 2,947 cr
Net interest income up 16.8% YoY to Rs 3,913 crore in the reporting quarter, net interest margin 4.52%
 "Kotak Mahindra Bank's consolidated PAT up 22% in Q2 to Rs 2,947 cr")
IndusInd Bank soars 4% on takeover buzz; promoters call rumor 'baseless'
According to a Bloomberg report, Uday Kotak, founder and chief executive officer (CEO) of Kotak Mahindra Bank, is looking at the possibility of an all-stock acquisition of IndusInd Bank
 "IndusInd Bank soars 4% on takeover buzz; promoters call rumor 'baseless'")
Top headlines: SAT clearing more cases in Covid; auto firms witness growth
From SAT clearing more cases now than before Covid-19 pandemic to new takers for RBI's debt restructuring scheme, here are top headlines this morning
 "Top headlines: SAT clearing more cases in Covid; auto firms witness growth")
Kotak Mahindra Bank explores acquisition of IndusInd Bank
Kotak says no comments to offer; IndusInd CEO says promoters have denied the deal
Govt extends term of Uday Kotak as non-exec IL&FS chairman by another year
The government through a gazatte notification extended term of Kotak, who is managing director and chief executive officer of Kotak Mahindra Bank, till October 2, 2021
8 of top-10 valued firms lose Rs 1.11 trn in m-cap; ICICI, RIL worst hit
Tata Consultancy Services and HDFC Bank were the only gainers among the 10 most valued listed firms
 "8 of top-10 valued firms lose Rs 1.11 trn in m-cap; ICICI, RIL worst hit")
Cloud over banks, NBFC stocks as moratorium ends and NPA concerns weigh
Impact of rising bad loans may become discernible only in the second half of FY21. This may hurt asset quality and earnings growth, particularly of small and medium-sized banks
 "Cloud over banks, NBFC stocks as moratorium ends and NPA concerns weigh")
Street signs: Scarcity premium for banks, new pledging system & more
The investment legroom for FPIs in HDFC Bank, Kotak Mahindra Bank, and IndusInd Bank has reduced, according to index provider FTSE, which has dropped these stocks from some of its indices
 "Street signs: Scarcity premium for banks, new pledging system & more")
In compliance with promoter stake reduction requirement: Kotak Bank
The bank was required to bring down the promoter's shareholding to 26 per cent
 "In compliance with promoter stake reduction requirement: Kotak Bank")
After the moratorium: Banks have to face their bad loan problem, again
Indian banks will have a hard task when RBI's moratorium ends this month. Those that do not get capital will have to show their true health, writes Tamal Bandyopadhyay
Kotak Bank consolidated pre-tax profit down 16.4% to Rs 2,435 cr in Q1
Total provisions and contingencies, including Covid-related provisions, rose to Rs 962 crore in Q1 FY21 compared to Rs 317 crore in the year ago quarter
Equity MFs take money off the table after sharp rebound in stock prices
Money managers increased their wager on Kotak Mahindra Bank, Bharti Airtel, SBI Life Insurance, HDFC Life, and HDFC AMC, which also saw large share sales
 "Equity MFs take money off the table after sharp rebound in stock prices")
Operating buffers of top five banks to fall 15%, says India Ratings
Of the top five private banks, Ind-Ra rates HDFC Bank, Axis Bank, Kotak Mahindra Bank and IndusInd Bank.
 "Operating buffers of top five banks to fall 15%, says India Ratings")
