Page 13 - Kotak Mahindra Bank

Uday Kotak to offload 2.8% in Kotak Bank

Kotak is expected to sell 56 million shares in a block deal via secondary placement in a price range of Rs 1,215-1,240

Top private banks' Q4 profits nearly halve on Covid-19 provisioning

The pressure on earnings will continue, say experts

Seven of top 10 companies add Rs 1.76 trillion in m-cap; HDFC Bank shines

RIL, HUL, HDFC, ITC, Kotak Mahindra Bank and ICICI Bank were the other winners in the top-10 list

Covid-19 related provisioning knocks off 45% of top private banks' profits

Analysts at Edelweiss estimate that banks like Axis Bank, Kotak Mahindra Bank and ICICI Bank have 25-30 per cent of their loan book under the moratorium

Banking stocks see strong gains, Bank Nifty rallies 11% in three days

The gains come after huge selling pressure and consequent under-performance of banking stocks since the start of March

Franklin Templeton Mutual Fund voting to commence from June 9

Trustees advise unitholders to vote 'Yes' to avoid delay in wind-up process

Franklin Templeton mutual fund investors can pick Deloitte over trustees

Unit holders will vote to moneitse the scheme assets.

Kotak launches $1 bn QIP, will issue 65 mn new shares for Rs 1,147.75 each

The bank has the discretion to offer up to 5% discount on floor price to investors participating in the QIP programme

Kotak Bank profit before tax slips 10.6% at Rs 2,674 cr for March 2020 qtr

Profit down due to Covid provisioning and lower other income

Blue-chip stocks account for more than 90% of Udhhav Thackeray's portfolio

The affidavit on the election commission website was filed as part of his nomination for the Legislative Council election

BofA turns bearish on Indian banks; SBI, ICICI Bank, IndusInd downgraded

SBI, ICICI Bank, IndusInd downgraded; only HDFC Bank in 'buy' category

Indices keep rising on stimulus package hopes; IT, bank stocks spurt

The Sensex surged 483.53 points or 1.54% to close at 31,863.08, a six-week high. The Nifty advanced 126.60 points, or 1.38%, to settle at 9,313.90

Kotak Mahindra Bank to consider raising equity capital

On a standalone basis, as of December quarter, the lender had a capital adequacy ratio of 18.2 per cent, with tier 1 capital at 17.7 per cent. The regulatory requirement is at 11.07 per cent

Kotak Bank leadership team takes 15% pay cut for the financial year 2020-21

Uday Kotak, managing director and chief executive officer of the bank opted to forgo his salary, and will receive Re 1, the statement said

Kotak Mahindra Bank deposits grow 20% YoY to Rs 2.59 trillion in Q4

On a sequential basis, the deposit base has grown 12 per cent over December 2019

Markets slump 4% as investors sentiment remain sombre due to coronavirus

Indian indices fall 4%; gloom prevails in other global markets also after Trump's dire warning

Most private banks choose 'opt-in' option on loan repayment moratorium

Largest private sector lender HDFC Bank said it would encourage customers with adequate funds to continue repayments to avoid the extra interest charges and tenor extension of the loan

Eight of top-10 companies witness combined loss of Rs 3.63 trn in m-cap

Valuation of Reliance Industries Ltd (RIL) eroded by Rs 54,961.45 crore to Rs 6,46,732.07 crore and that of HDFC dropped by Rs 54,479.15 crore to Rs 3,03,722.13 crore.

Bank Nifty crashes 7% to 3-year low over rising Coronavirus pandemic

The fall in banking stocks has a huge bearing on the overall markets as the sector has the high­est weighting in the bench­mark indices

YES Bank gets Rs 3,100-cr lifeline from pvt lenders; moratorium to go soon

The YES Bank reconstruction plan will include an equity investment of at least Rs 11,350 crore from various entities, including multiple private lenders.