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Latest Articles in kotak mahindra bank

Kotak Mahindra Bank Results: Q1 Net Dips 8.5% To Rs 1,244 Cr

Bank PAT for Q1FY21 was Rs. 1,244 crore (Rs. 1,360 crore in Q1FY20).

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Equity Indices Edge Lower, Banking Stocks Underperform

BSE S&P Sensex was down by 194 points or 0.51 per cent at 37,935 while the Nifty 50 slipped by 62 points or 0.56 per cent at 11,132.

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Kotak Mahindra Bank Q1 Profit Dips 10 % To Rs 1,244 Cr

The net interest income for Q1 FY21 increased by 17.8 per cent to Rs 3,724 crore from Rs 3,161 crore in Q1 FY20. The net interest margin (NIM) was at 4.4 per cent.

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Cheaper Oil, Foreign Flows A Tailwind For Rupee

Indian rupee has lost nearly 7% against the dollar so far this year, despite heavy dollar supplying intervention by the central bank.

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Kotak Mahindra Bank To Issue 6.5 Crore Equity Shares

The Reserve Bank of India (RBI) granted final approval on the dilution of promoters' shareholding in the bank.

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Kotak Mahindra Customer Deposits Jump 20% In FY20 At Rs 2.58 Lakh Crore

At the end of Q3 FY20, customer deposits were Rs 2.31 lakh crore. Current deposits totalled Rs 43,000 crore in FY20, up 10.5 per cent from Rs 38,901 crore a year ago.

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Kotak Mahindra Bank Rebuts Charges, Says All Allegations Are Baseless

"We assure you that the Kotak Mahindra Bank is a financially strong, well-capitalised bank with strong risk and corporate governance framework. Your deposits with us are absolutely safe".

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RBI Clears Plan For Dilution Of Promoters' Shareholding In Kotak Mahindra Bank

The central bank said that after the stake reduction, the promoters will not purchase any further paid-up voting equity shares of the bank till the percentage of their shareholding reached 15 per cent of the bank or such higher percentage as may be permitted by the RBI in future.

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Kotak Mahindra Bank Reports 24% Jump In Q3 Net Profit At Rs 1,596 Crore

The average savings deposits grew by 20 per cent to Rs 83,049 crore for the first nine months of current fiscal compared to Rs 69,256 crore for 9M FY19.

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Six Of top-10 Firms Lose Rs 26,624 Crore In M-cap

Reliance Industries Limited (RIL), HDFC Bank, HUL, Kotak Mahindra Bank and SBI were the other bluechips which saw a drop in their market capitalisation (m-cap) for the week ended Friday

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Kotak Mahindra Bank Best Suited To Acquire Yes Bank

I think Uday (Kotak) is the best candidate to acquire Yes bank. You need deep pockets, Uday has that, said SBI's, Rajnish Kumar.

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Five Of Top-10 Most Valued Firms Add Rs 56,877 Crore In Market Valuation

Reliance Industries Limited (RIL), ICICI Bank, Kotak Mahindra Bank and Infosys were among the gainers.

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Venture Garage Conducts "Find Your Investor" Programme In Hyderabad, In Support By Kotak Mahindra Bank

"Founders must build a strong co-founding team with a focus on business models that can rapidly scale the enterprise to become a unicorn", stated Vineet Sagar, Managing Partner at Venture.

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Kotak Mahindra, iProspect India Adopt High-Impact Digital-Only Approach

To create mass awareness around #DreamsInvited across all digital platforms, the bank has collaborated with iProspect India, the digital agency driving business performance from the house of Dentsu Aegis Network.

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Kotak Mahindra Bank Quarterly Profit Surges 51%

Net profit rose 17.24 billion rupees for the three months to September 30, compared with 11.42 billion rupees last year.

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