Page 6 - Kotak Mahindra Bank

Kotak Mahindra appoints Eli Leenaars as additional and independent director

With 35 years of experience in the financial sector, Eli Leenaars' new appointment will take effect from January 1, 2024

Several banks raise FD rates in December, offer up to 8% interest

On Monday, Kotak Mahindra Bank raised fixed deposit (FD) interest rates by up to 85 basis points. Kotak Mahindra customers can now earn up to 7.80 per cent on senior citizen FDs

Zurich Insurance to pick 51% stake in Kotak Gen Insurance for Rs 4,051 cr

Plans to increase stake to 70% within three years

Zurich Insurance to buy 51% stake in Kotak Mahindra General Insurance

Further, within three years from the initial acquisition, Zurich Insurance Company Ltd will buy an additional 19% stake in the Kotak Mahindra General Insurance Company Ltd

Stocks to Watch today: ICICI Bank, Hudco, NDTV, ABFRL, Samvardhan, Paytm

Stocks to Watch on Monday, October 23, 2023: Paytm said its revenue increased 32 per cent YoY to Rs 2,519 crore in the second quarter, with its consolidated net loss narrowing to Rs 291 crore

Kotak Mahindra Bank Q2 results: Net profit up 24%, aided by improved NIMs

The net interest income increased 23% to Rs 6,297 cr from Rs 5,099 cr a year ago

Kotak Mahindra Bank gets RBI approval to acquire MFI Sonata Finance

The shares of Kotak Mahindra Bank closed 1.8% higher at Rs 1769.55 on BSE Ltd while the broader index was down 0.35%

RBI imposes fines on Kotak Mahindra Bank, ICICI Bank for violating norms

ICICI Bank was also found marketed and engaged in the sale of non-financial products and failed to report frauds to the RBI within the prescribed timelines

Kotak Mahindra Bank bets big on SMEs, mid-market segments in South

Currently, the bank's SME and mid-market portfolio forms 27 per cent of its entire wholesale banking book

RBI approves Gupta's appointment as interim Kotak Mahindra Bank MD & CEO

On 2 September, the lender said Gupta has been appointed as interim managing director and chief executive officer after Uday Kotak stepped down, four months before his current term

RBI okays appointment of Dipak Gupta as interim MD of Kotak Mahindra Bank

RBI through its letter dated September 7, 2023, approved Gupta's appointment for a period of two months with effect from September 2, 2023, Kotak Mahindra Bank said in a BSE filing

Uday Kotak resigns as MD, CEO of Kotak Mahindra Bank effective September 1

As an interim arrangement, joint MD Dipak Gupta will carry out duties of MD and CEO until December 31

Full text of Uday Kotak's resignation letter as he steps down as MD & CEO

In the meantime, Dipak Gupta, the current joint managing director, will function as MD and CEO, subject to approvals

Uday Kotak steps down as Kotak Mahindra Bank MD & CEO effective Sep 1

Uday Kotak's term would have ended on December 31, 2023. Joint MD Dipak Gupta has been appointed interim CEO

Uday Kotak steps down as MD & CEO of Kotak Mahindra Bank effective Sep 1

In the interim, Dipak Gupta, the joint managing director, will carry out the duties of the MD & CEO until December 31, 2023

Home Loan Processing Fees Offer - 50% off on Kotak's Digital Application on Home Loans- Check Details

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For how many years should one run a bank?

The RBI has started showing the door to those who compromise on governance, but its patience for non-performance is still pretty high

Kotak Mahindra Bank Q1 consolidated net profit up 51% to Rs 4,150 crore

On a standalone basis, the private sector lender reported a net profit of Rs 3,452 crore in Q1FY24, up 67 per cent year-on-year

See my role as non-exec board member, a strategic shareholder: Uday Kotak

His term as MD & CEO of Kotak Mahindra Bank ends on December 31, 2023

Kotak Investment Advisors invests Rs 732 cr in RattanIndia Power NCDs

The infusion is part of the total investment of Rs 1,125 crore by a consortium of lenders