Kotak Mahindra Bank to acquire Rs 4,100 cr Standard Chartered Bank India's personal loan book
Oct 19, 2024, at 05:56 am
Mumbai: Kotak Mahindra Bank Limited has announced its acquisition of Standard Chartered Bank India's personal loan portfolio, valued at approximately Rs 4,100 crore as of September 30, 2024.
JP Morgan upgrades Kotak Mahindra Bank to overweight
May 06, 2024, at 07:24 pm
JP Morgan has upgraded private sector lender Kotak Mahindra Bank from neutral to overweight, media reports said.
Stock market opens in red, Kotak Mahindra Bank shares plunge 10% on RBI curbs
Apr 25, 2024, at 04:28 pm
Mumbai/IBNS: The Indian benchmark indices opened on a negative note on Thursday (Apr 25), following global peers down as a rout in tech stocks dragged the US benchmark indices down after disappointing forecasts by Facebook's parent Meta.
Apr 25, 2024, at 12:19 am
The Reserve Bank of India on Wednesday (April 24, 2024) barred private lender Kotak Mahindra Bank from onboarding new customers online and issuing new credit cards with immediate effect.
Kotak Mahindra Bank Q3 net profit move up 8 pc to Rs 3,005 crore
Jan 20, 2024, at 11:30 pm
Private lender Kotak Mahindra Bank on Saturday reported 7.63% year-on-year jump in standalone net profit to Rs 3,005 crore for the October-December quarter (Q3) of the current financial year 2023-24.
RBI grants extension to Dipak Gupta as MD & CEO of Kotak Mahindra Bank
Oct 28, 2023, at 03:34 am
Mumbai: The Reserve Bank of India (RBI) has granted an extension to Dipak Gupta as the interim Managing Director and Chief Executive Officer (MD and CEO) of Kotak Mahindra Bank until December 31, 2023.
Kotak Mahindra Bank Q3 profit moves up 31 pc
Jan 21, 2023, at 09:02 pm
New Delhi: Kotak Mahindra Bank on Saturday reported a 31 per cent year on year (YoY) jump in its standalone profit at Rs 2,792 crore for the quarter ended December 31, 2022.
Kotak launches real-time working capital finance for MSMEs
Jul 01, 2022, at 05:10 am
Kolkata: As part of its digital-first strategy, Kotak Mahindra Bank Thursday announced the launch of a real-time loans offering for its clients classified as micro, small and medium enterprises (MSMEs) that are registered on the Government’s e-Marketplace (GeM) Sahay - a platform that connects sellers with lenders.
May 05, 2022, at 02:34 am
Private sector lender Kotak Mahindra Bank Wednesday announced a consolidated PAT of Rs 3,892 crore for Q4FY22, up 50 percent from Rs 2,589 crore in Q4FY21.
Kotak Mahindra Bank Q3FY22 profit jumps 15 pc YoY to Rs 2,131 cr, NII grows 12 pc to Rs 4,334 cr
Jan 29, 2022, at 01:07 am
Mumbai/IBNS: Private sector lender Kotak Mahindra on Friday announced a standalone Profit After Tax (PAT) for Q3FY22 of Rs 2,131 crore, up 15 percent from Rs 1,854 crore for Q3FY21 and 4.87 percent increase from Rs 2,032 crore from the previous quarter.
Kotak Mahindra Bank launches Fintech Hackathon for gen-next
Nov 23, 2021, at 08:29 pm
Kolkata/IBNS: Kotak Mahindra Bank Limited (KMBL) Monday launched their inaugural edition of a pan-India fintech hackathon- “Reign: REImaGiNe the way we bank!” targeting participation from undergraduate Indian engineering students.
Kotak Mahindra Bank and PVR Cinemas launch India’s first co-branded Movie Debit Card
Nov 16, 2021, at 07:25 pm
Mumbai/IBNS: Celebrating the return of the silver screen with the reopening of cinema halls, Kotak Mahindra Bank (KMBL) and PVR Cinemas have announced the launch of the Kotak PVR Movie Debit Card - India’s first co-branded movie debit card.
Oct 28, 2021, at 07:06 am
Kolkata/IBNS: The Board of Directors of Kotak Mahindra Bank has approved the unaudited standalone and consolidated results for Q2FY22, at the Board meeting.
Kotak Mahindra Bank receives approval for collection of direct and indirect taxes
Oct 05, 2021, at 12:13 am
Kolkata: Kotak Mahindra Bank Limited (KMBL) on Monday announced that it has received approvals from the Government of India for the collection of direct and indirect taxes such as Income Tax, Goods and Services Tax (GST) etc through its banking network.
Kotak Mahindra Bank launches NPS on Mobile
Oct 01, 2021, at 11:05 pm
Mumbai/UNI: Kotak Mahindra Bank Limited (KMBL) on Friday said that it has gone live with the launch of the National Pension System (NPS) on mobile.
Kotak Mahindra Bank forays into healthcare financing
Sep 22, 2021, at 07:56 am
Kolkata/IBNS: Kotak Mahindra Bank (KMBL) Tuesday announced its entry into healthcare financing, ranging from healthcare infrastructure loans, medical equipment finance and unsecured healthcare loans.
Kotak Mahindra Bank signs MoU with the Indian Navy for salary account
Jul 21, 2021, at 12:45 am
Kolkata/IBNS: Kotak Mahindra Bank (KMBL), a financial services conglomerate, and the Indian Navy announced Tuesday that they have signed a Memorandum of Understanding (MoU) enabling KMBL to offer its salary account proposition to all personnel of the Indian Navy – both serving and retired.
Kotak Mahindra Bank launches payment app for customers
Jun 24, 2021, at 07:04 pm
Kolkata/IBNS: Kotak Mahindra Bank (KMBL) Thursday announced the launch of ‘Pay Your Contact’ – an innovative feature on KMBL’s mobile banking app that uses the Unified Payments Interface (UPI) platform and allows customers to send money or make payments to any of their contacts across all payment apps by entering the beneficiary’s mobile number.
Kotak, Metropolis join hands to offer Covid antibody test at 30 pct discount
Jun 23, 2021, at 05:20 am
Kolkata/IBNS: To help assess one’s antibody levels, Kotak Mahindra Bank Ltd (KMBL) on Tuesday announced an exclusive offer for its customers in a tie-up with Metropolis Healthcare Limited (Metropolis).
Monetary expansion or printing of money: Uday Kotak on ways to revive COVID-19-hit economy
May 27, 2021, at 05:28 pm
Mumbai/New Delhi/IBNS:Kotak Mahindra Bank CEO, Uday Kotak, has proposed a few ways to the central government to carve a path out of the economic downslide caused by COVID-19 pandemic and subsequent lockdown.
Kotak Mahindra Bank Q4 consolidated net rises by 35.91 pc to Rs 2589.32 cr
May 03, 2021, at 08:57 pm
Mumbai/UNI: Private sector lender Kotak Mahindra Bank reported a rise of 35.91 pc in its consolidated net profit for the quarter ended March 31, 2021 at Rs.2589.32 crore as against net profit of Rs.1905.18 crores for the quarter ended March 31, 2020.
Kotak Mahindra Bank reminds its customers of safe banking and online transaction practices
Jul 21, 2020, at 01:13 am
Kolkata/IBNS: First demonetisation and then pandemic related containment measures have resulted in a jump in online banking transactions but unfortunately this has also led to an increase in online frauds, especially related to EMI moratorium, KYC Updation and UPI.
Kotak Mahindra Bank shares move up 8.59 pc to Rs 1249.85
Apr 23, 2020, at 05:10 pm
Mumbai/UNI: Kotak Mahindra Bank was the major Sensex gainer with its shares surging 8.59 per cent to Rs 1249.85 apiece on Thursday.
Kotak Mahindra Bank extends its offer of free FASTag till Dec 15
Dec 02, 2019, at 06:30 pm
Kolkata/IBNS: Kotak Mahindra Bank on Monday announced that it has extended its offer of the waiver of the issuance fee on Kotak FASTag till Dec 15.
Kotak Mahindra Bank organises the 3rd edition of the Kotak Loan Festival
Aug 22, 2019, at 02:55 am
Kolkata: As the festive season approaches, Kotak Mahindra Bank is organising the 3rd edition of the Kotak Loan Festival from Aug 13 to 23.
Reserve Bank of India penalises Kotak Mahindra Bank for Rs 2 crore
Jun 10, 2019, at 05:38 pm
Mumbai, June 10 (UNI )The Reserve Bank of India (RBI) imposed a monetary penalty of Rs two crore on Kotak Mahindra Bank Limited for non-compliance, with the directions issued to the bank by RBI in exercise of its powers under Sections 27(2) and 35A of the Banking Regulation Act, 1949 (the Act), to furnish information specified therein.
Kotak Mahindra Bank launches debit cards with artworks by Seema Kohli
Feb 18, 2019, at 11:43 pm
Kolkata, Feb 18 (IBNS): Kotak Mahindra Bank (Kotak) on Monday introduced a series of ten distinctive image debit cards featuring exclusive artworks by Seema Kohli – a renowned contemporary Indian artist.
Kotak Mahindra Bank launches instant current A/C opening for individuals
Jul 12, 2018, at 11:17 pm
Kolkata, July 12 (IBNS): Kotak Mahindra Bank (Kotak) on Thursday announced the launch of instant current account opening for individuals through biometric mode and a scan-based process for sole proprietorship accounts.
Kotak Mahindra's #IndiaInvited campaign features Ranveer Singh
Jun 25, 2018, at 08:20 pm
Kolkata, Jun 25 (IBNS): Kotak Mahindra Bank (Kotak) on Monday announced the launch of its 811 campaign #IndiaInvited.
Kotak Bank's consolidated PAT for Q2FY18 increased by 20 per cent from the same period a year ago
Oct 26, 2017, at 11:18 pm
Kolkata, Oct 26, (IBNS): Kotak Mahindra Bank (Kotak Bank) reported that its consolidated profit after tax (PAT) for Q2FY18 increased by 20% to Rs 1,441 cr from Rs 1,202 cr in Q2FY17.