Page 16 - Kotak Mahindra Bank
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 to raise Rs 5,000 crore via bonds")
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 Q1 net jumps fourfold to Rs 741 crore")
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 standalone net profit rises 32% in the March 2016 quarter")
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.
 "Kotak Mahindra Bank gains on heavy volumes")
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