Page 16 - Kotak Mahindra Bank

Kotak Mahindra Bank to raise Rs 5,400 crore of equity

Funds to be deployed for consolidation opportunities and resolution of stressed assets

Kotak launches zero-charge digital bank account

Its aim is to double the customer base to 16 million over the next 18 months

Kotak Mahindra Bank launches 8-11 app to double customer base

Initiative allows one to open zero-balance, zero-charge a/c in 5 minutes using only Aadhar and PAN

Kotak Mahindra Bank seeks nod to raise foreign investment limit

Seeks to increase ceiling to up to 49% of paid up capital

Kotak Mahindra Bank Q3 net profit up 34% to Rs 1,267 crore

Total income rose to Rs 7,670 cr during the quarter from Rs 6,950 cr a year ago

Two Kotak Mahindra Bank customers arrested

Two persons were arrested by the Crime Branch of the Delhi Police for depositing black money worth Rs 34 crore at a Kotak Mahindra Bank branch in New Delhi

Kotak Mahindra Bank, Canara Bank cut base rates

This, two days after RBI cut the repo rate by 25 basis points

Kotak Mahindra Bank acquires BSS Microfinance

This acquisition will allow Kotak to tap the lower end of the customer base

Kotak Mahindra launches app to open accounts

For the first time a domestic lender has come up with such facility where a customer can open a bank account using its application

CPPIB gets RBI nod to hike stake in Kotak Mahindra Bank

Has received apex bank approval to increase stake beyond 5% to 10% in Kotak Mahindra Bank

Kotak Bank starts Innovation Lab, open to investing in startups

A bulk of the startups are Bengaluru-based, while two are from the US and Australia

Kotak Mahindra Bank to raise Rs 5,000 crore

The plan is within the bank's Rs 50,000 crore borrowing limit approved last year

Kotak Mahindra Bank Q1 net rises 291% to Rs 742 cr

Management says bank returning to its former efficiency parameters

Kotak Mahindra Bank to raise Rs 5,000 crore via bonds

Bank also reported almost fourfold jump in net profit to Rs 741 crore in the June quarter

Kotak Mahindra Bank Q1 net jumps fourfold to Rs 741 crore

Net NPAs rose to 1.06% of net advances as of quarter ended June from 0.93% in the same period last fiscal

Kotak Mahindra Bank to use computer tablet to open new accounts

The bank was currently in the midst of a trial-run of this upcoming initiative

Kotak Mahindra Bank expects 20% credit growth in FY17

Bets on falling interest rates, green shoots in the economy to boost credit offtake

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