Page 3 - Kotak Mahindra Bank

Kotak Bank acquires StanChart's Rs 3,330 crore personal loan portfolio

Open to buy loan pools that meet risk-adjusted return norms

Kotak Mahindra Bank Q3 results: Consolidated net up 10% at Rs 4,701 crore

Net interest income grew by 10 per cent Y-o-Y to Rs 7,196 crore, while fees and services for Q3FY25 also grew 10 per cent to 2,362 crore

HDFC Bank, Hindustan Unilever squeeze amidst middle class struggles

HDFC Bank and Kotak Mahindra Bank are expected to report increases in bad loans, which should lead to higher provisions and weigh on quarterly profit

CS Setty, Uday Kotak nominated as governing council members of NIIFTL

Finance minister Nirmala Sitharaman is the chairperson of the six member council and secretaries of department of economic affairs and financial services are the other members

Jefferies sees rate cuts in India in 2025; ups HDFC, ICICI Bk target price

Bank stocks today: Jefferies has retained its 'Buy' ratings on Axis Bank, ICICI Bank, HDFC Bank, and SBI, It has upgraded Kotak Bank and downgraded Bank of Baroda

Kotak Mahindra Bank CTO & COO Milind Nagnur resigns citing personal reasons

In his resignation letter, Nagnur stated that he intends to relocate to the United States to care for family members

Indian banks' microfin loan stress to persist after new regulation: Bankers

Last month, in its latest move, the RBI asked lenders to stop issuing new microfinance loans to borrowers unless they have cleared previous loans, three of the bankers said

Maroon 5's first India show: Pre-sale tickets for Kotak users starts 6 Nov

Kotak has rolled out a special offer of 15% discount up to Rs 4,000 for Kotak White and White Reserve Credit Card customers.

Market Today: Q2 nos., China lowers lending rates, S&P 500 & Dow at record

China lowered its key benchmark lending rates by 25 basis points in the monthly fixing. The People's Bank of China (PBOC) reduced the 1-year loan prime rate (LPR) to 3.1% and the 5-year LPR to 3.6%

Kotak Mahindra Bank Q2 results: Consolidated PAT up 13% to Rs 5,044 crore

Other income or non-interest income went up to Rs 2,684.19 crore from Rs 2,314.53 crore. Fees and services for Q2FY25 increased to Rs 2,312 crore, up 14 per cent

Kotak Mahindra Bank to buy Rs 4.1K cr India personal loan book of StanC

This deal marks the second significant transaction between an Indian private sector bank and a foreign bank in recent years

Kotak Mahindra Bank to buy Standard Chartered's India personal loan book

Transaction is expected to be completed over next three months

Dozens of stocks added to FTSE indexes post-rebalancing exercise

Kotak Mahindra Bank, ICICI Bank, and Tata Technologies saw changes in their weightage in the FTSE All-World Index, which rose 1.8, 3.8, and 5.1 per cent, respectively

Nomura cuts target prices for Axis Bank, SBI and BoB ahead of Fed meeting

Analysts at Nomura suggested that larger private banks are likely to experience a greater negative impact on their NIMs from the potential US Fed rate cuts compared to mid-sized & smaller banks.

SBI Card loses credit card market share in July; InCred retains 'Reduce'

InCred's target price translates into 30.7 per cent downside in the share price from previous close of Rs 721.15 per share.

The Premium Savings Revolution is here with Kotak811 Super Savings Account

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Sonata Finance to merge with BSS Microfinance: Kotak Mahindra Bank

As per the scheme of amalgamation approved on Monday, Sonata would merge with BSS Microfinance Ltd on a going concern basis, Kotak Mahindra Bank said in a regulatory filing

Union Budget 2024: An embodiment of reform, perform, and transform

The key highlight of the budget is the government's steadfast dedication to fiscal prudence

Kotak Mahindra Bank hires GT Bharat as external auditor to review IT system

The private sector lender has also beefed up internal teams to fix issues and tone up the working of the systems

Kotak Mahindra Bank Q1 results: Net profit up 79% at Rs 7,448 crore

Kotak Mahindra Bank Q1 results: The bank's deposits grew by 21 per cent Y-o-Y to Rs 4.35 trillion at the end of June 2024