In its quarterly business update, the bank reported 14 per cent year-on-year (YoY) and 4.2 per cent sequential growth in net advances to Rs 4.44 trillion in Q1FY26
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Despite private banks performing strongly in 2025 so far, the last three months have seen a sharp reversal, with PSU banks taking the lead.
Paritosh Kashyap, Group president and business head, Wholesale Banking Group, will be appointed as the whole-time director (executive director) and key managerial personnel
Kotak Mahindra Bank will discontinue its complimentary debit card insurance benefits, including accidental death and purchase protection, from July 2025. Customers are urged to review their coverage
SBI, HDFC Bank, ICICI Bank, Kotak Mahindra Bank, Axis Bank, IDFC First Bank, Federal Bank, and Bandhan Bank have announced a combined sale of their 20% stake in Yes Bank to Japan's SMBC
Changes in reward point accrual and redemption coming as well after bank issues revised cardholder agreement
Shares of SBI closed at Rs 790 on the BSE while Kotak Mahindra Bank's shares closed at Rs 2,085.05
On a standalone basis, the bank's net profit was down 14% Y-o-Y in Q4
Lenders updating schemes after Reserve Bank of India cut repo rate to 6% earlier this month
New charges apply after free monthly transaction limits, says lender
Banks are well positioned to outperform, supported by robust balance sheets and the ability to navigate macro economic uncertainties, said a report from Motilal Oswal Securities
Business sentiment has been impacted by global uncertainties and a minor macro slowdown in India
Lathia's appointment is part of Kotak's strategic efforts to strengthen its leadership and drive growth through innovation, the bank said in a statement
The post fell vacant following resignation of Milind Nagnur, effective February 15, who was the chief operating officer and chief technology officer, due to personal reasons
Domestic competitiveness will 'ultimately' determine progress in that task, he says
UPL stock has recently given a breakout from a long consolidation phase and the declines post the breakout has seen strong buying interest
He emphasized the need for India to improve productivity, avoid excessive protectionism and increase manufacturing as a percentage of GDP
The bank's net interest margin (NIM) has seen a decline of over 35 basis points (bps) since the restrictions were imposed by the regulator in April 2024