Page 16 - Kotak Mahindra Bank

Kotak Mahindra Bank standalone net profit rises 32% in the March 2016 quarter

Total operating income rise 65.27% to Rs 4265.41 crore

Kotak Mahindra Bank aims to draw $1 bn balance sheet from its international branch

The bank opens its first global banking unit in GIFT at Gujarat

Kotak Bank to retain 6% interest on savings a/c

Other lenders such as YES Bank, IndusInd Bank, RBL Bank offer more than 4% on savings bank account

Kotak Mahindra Bank gains on heavy volumes

The stock was up nearly 3% to Rs 678 on the BSE, on back of heavy volumes in otherwise weak market.

Sumitomo Mitsui sells 1.8% stake in Kotak Bank

Canada Pension Plan Investment Board picked up chunk of this stake for Rs 2,084 cr