Business Standard

Kotak Mahindra Bank Ltd News

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 hires GT Bharat as external auditor to review IT system
Updated On : 20 Jul 2024 | 9:05 PM IST

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

Kotak Mahindra Bank Q1 results: Net profit up 79% at Rs 7,448 crore
Updated On : 20 Jul 2024 | 3:10 PM IST

Tech centre of our efforts to transform, scale: Kotak Mahindra Bank MD, CEO

Vaswani highlighted that the most important stakeholder in the bank are customers

Tech centre of our efforts to transform, scale: Kotak Mahindra Bank MD, CEO
Updated On : 14 Jul 2024 | 10:47 PM IST

Kingdon never disclosed any relationship with Hindenburg: Kotak Mahindra Bank

Kingdon informed KMIL that the transactions were made on a principal basis, i.e. for themselves, said the bank in a stock exchange filing

Kingdon never disclosed any relationship with Hindenburg: Kotak Mahindra Bank
Updated On : 03 Jul 2024 | 11:15 AM IST

Banks under pressure; ICICI, IndusInd, BOB, IDFC First down up to 3%

ICICI Bank, IndusInd Bank, IDFC First Bank, Bandhan Bank and Federal Bank from the private sector and Bank of Baroda PNB and SBI from the public sector slipped in the range of 1 per cent to 3 per cent

Banks under pressure; ICICI, IndusInd, BOB, IDFC First down up to 3%
Updated On : 02 Jul 2024 | 2:55 PM IST

Kotak Mahindra Bank to add up to 200 branches in FY25, says report

India's fourth-largest private lender will target the pockets where there is easy availability of deposits, the official said, adding that customer acquisition through branches is seeing good traction

Kotak Mahindra Bank to add up to 200 branches in FY25, says report
Updated On : 24 Jun 2024 | 11:52 PM IST

Kotak Alt invests Rs 1,445 cr to acquire Viatris API biz for Matrix Pharma

This acquisition will make Matrix the second-largest Indian active pharmaceutical ingredients (API) player with global leadership in antiretroviral (ARV) APIs

Kotak Alt invests Rs 1,445 cr to acquire Viatris API biz for Matrix Pharma
Updated On : 11 Jun 2024 | 11:39 PM IST

Global cues, tax clarification, Gift Nifty: Key triggers for Nifty on May 6

All you need to know before Sensex, Nifty opens for trade on Monday, May 06: Gift Nifty hints at gap-up open; FM dismisses buzz of changes in capital gains tax and Q4 results.

Global cues, tax clarification, Gift Nifty: Key triggers for Nifty on May 6
Updated On : 06 May 2024 | 7:23 AM IST

Kotak Mahindra Bank Q4 result: Consolidated PAT up 17% to Rs 5,337.2 cr

Standalone net profit at Rs 4,133.3 cr, is up 18.24 per cent year-on-year on the back of healthy loan growth and rise in fee income

Kotak Mahindra Bank Q4 result: Consolidated PAT up 17% to Rs 5,337.2 cr
Updated On : 04 May 2024 | 2:11 PM IST

Kotak Mahindra Bank shares hit 52-week low after Joint MD resigns

The drop came after joint managing director (Joint MD) KVS Manian stepped down from his role at the bank and its board after 29 years of service

Kotak Mahindra Bank shares hit 52-week low after Joint MD resigns
Updated On : 02 May 2024 | 10:53 AM IST

Kotak Mahindra Bank's loan, deposit growth may be impacted after RBI curbs

The regulator put restrictions on the bank citing gaps in the IT systems which the lender failed to address

Kotak Mahindra Bank's loan, deposit growth may be impacted after RBI curbs
Updated On : 25 Apr 2024 | 10:02 PM IST

Kotak Mahindra Bank actively working to address RBI's concerns: CEO

RBI barred Kotak Mahindra Bank from onboarding any new customers through its online and mobile banking channels and also prohibited it from issuing fresh credit cards

Kotak Mahindra Bank actively working to address RBI's concerns: CEO
Updated On : 25 Apr 2024 | 11:03 PM IST

RBI action on Kotak Bank: Stock plunges 12% as analysts turn bearish

RBI action on Kotak Mahindra Bank: With unsecured lending, especially credit cards, becoming key focus areas of most banks, Kotak Mahindra Bank will lose the opportunity to add the high-yield products

RBI action on Kotak Bank: Stock plunges 12% as analysts turn bearish
Updated On : 25 Apr 2024 | 9:25 AM IST

RBI tells Kotak Mahindra Bank to stop issuing new credit cards

RBI said the bank can provide services to its existing customers, including its credit card customers

RBI tells Kotak Mahindra Bank to stop issuing new credit cards
Updated On : 24 Apr 2024 | 4:53 PM IST

Kotak Alternate Asset Managers raises Rs 2,000 cr to invest in equities

The fund aims to solve the challenge of building and maintaining equity portfolios amid the difficulties faced by investors due to the market volatalities

Kotak Alternate Asset Managers raises Rs 2,000 cr to invest in equities
Updated On : 08 Apr 2024 | 5:05 PM IST

Businesses of saving planet, sustainability can prosper: Uday Kotak

Wish for India to see it in the third place in the next five years as an absolute GDP

Businesses of saving planet, sustainability can prosper: Uday Kotak
Updated On : 06 Apr 2024 | 8:22 PM IST

Kotak Mahindra Bank acquires 100% stake in Sonata Finance for Rs 537 crore

Sonata is operating in 10 states through 549 branches and has an Asset Under Management (AUM) of approximately Rs. 2,620 crore as of December 31, 2023, the exchange notification said

Kotak Mahindra Bank acquires 100% stake in Sonata Finance for Rs 537 crore
Updated On : 29 Mar 2024 | 12:58 AM IST

RBI approves re-designation of Manian, Ekambaram of Kotak Mahindra Bank

Kotak Mahindra Bank had announced the reorganisation of its senior management team last month

RBI approves re-designation of Manian, Ekambaram of Kotak Mahindra Bank
Updated On : 20 Mar 2024 | 5:20 PM IST

Zurich Insurance to acquire 70% stake in Kotak General for Rs 5,560 crore

The proposed 70 per cent acquisition is subject to regulatory approval from the Reserve Bank of India and the Insurance Regulatory and Development Authority of India

Zurich Insurance to acquire 70% stake in Kotak General for Rs 5,560 crore
Updated On : 23 Feb 2024 | 10:56 PM IST

Kotak Mahindra Bank announces key changes to its leadership team

KVS Manian to be joint MD, Shanti Ekambaram Dy MD; new COO, group CFO & CRO appointed

Kotak Mahindra Bank announces key changes to its leadership team
Updated On : 19 Feb 2024 | 9:46 PM IST