Kotak Mahindra Bank to acquire Rs 4,100 cr Standard Chartered Bank India's personal loan book
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
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
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.
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
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
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
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
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.
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
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
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
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.
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
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
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.