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Latest Articles in kotak mahindra bank

Kotak Mahindra Group Acquires Vehicle Fin Portfolio Of Volkswagen Finance

Kotak will gain access to over 30,000 high-quality customers with a total loan outstanding with VWFPL of around Rs 1,340 crore, the statement said, adding all these loans have been classified as “standard loans”.

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Kotak Arm Invests Rs 1,000 Cr In TVS Family''s Logistics Biz

The fund is registered as an alternate investment fund with the Sebi and currently manages a USD 1 billion fund with a mandate to invest in special situations, credit and distressed space domestically.

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Sebi Restricts Kotak Mahindra From Initiating Fixed Maturity Plans, Imposes Rs 50 Lakh Fine

A Sebi investigation revealed that the asset manager did not pay the full value of the six FMPs which matured in April and May 2019. Talking about the FMPs, they are close-ended debt mutual funds with launch and maturity dates. FMPs invest in debt papers that mature before the tenure of the fund expires.

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Be Upfront In Recognising Stress, Don't Kick Can Down The Road: Uday Kotak To Banks

The comments come at a time when the pandemic has triggered concerns around the asset quality, but the RBI has expressed some relief after seeing lower than expected impairments.

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Kotak Mahindra Bank Posts Nearly 32% Rise In Apr-Jun Profit To Rs 1,641 Cr

The bank had posted a net profit of Rs 1,244.45 crore in the same quarter of the previous fiscal year.

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Mcap Of 6 Of Top-10 Firms Erode By Rs 76,640.54 Cr; HDFC Bank Biggest Laggard

HDFC's market valuation plunged Rs 9,543.39 crore to Rs 4,48,566.27 crore and that of Kotak Mahindra Bank dipped Rs 5,392.88 crore to Rs 3,41,634.86 crore.

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Kotak Subsidiary To Acquire Nearly 10% Stake In Financial E-Learning, Stock Analytics Firm KIPL

KIPL has three brands under its fold -- eLearnMarkets for financial education training, StockEdge which is into data analytics for stock markets, and StockEdge Club which is a social marketplace for investors and traders.

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Kotak Mahindra Life Insurance Arm Expects To Incur Up To Rs 275 Cr Loss In Jun Qtr

Kotak Mahindra Life Insurance Company said the foregoing extraordinary development and its potential impact were discussed at a meeting of its board on June 16, 2021.

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RBI's Moves Nuanced, Address Both Economic And Public Health Concerns: Bankers

SFBs will now be permitted to give fresh lending to smaller micro-finance institutions (MFIs) with asset size of up to Rs 500 crore for on-lending to individual borrowers as priority sector lending.

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Kotak Mahindra Bank Shares Close Flat

The stock jumped 2.30 per cent to Rs 1,764.10 on the BSE during the day. It closed at Rs 1,732.15, reflecting a marginal gain of 0.46 per cent.

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Kotak Mahindra Bank Shares Gain Over 2 % After Q4 Earnings

Keeping the same in mind, the bank has consciously reduced its exposure to retail unsecured lending over FY21, and it now contributes only 5.8 per cent of the overall book as against 7.5 per cent in the year-ago period.

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Kotak Mahindra Bank Q4 Profit Rises 36 % To Rs 2,589 Cr

The Supreme Court vacated the stay on NPA recognition and granted relief for interest on interest. The bank has created a liability of Rs 110 crore towards estimated interest relief and has reduced the same from interest earned.

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Kotak Mahindra Life Appoints Mahesh Balasubramanian As MD

The company is in receipt of approval from the Insurance Regulatory Development Authority of India for the appointment of Balasubramanian, KLI said in a regulatory filing.

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Bank CEOs Not To Get Extension Beyond 15 Years: RBI To Banks

The RBI had issued a discussion paper in June 2020 that proposed capping the tenure of bank CEOs who are promoters or large shareholders at 10 years.

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Northern Arc Raises Rs 40 Cr Debt From Kotak Mahindra Bank To Help Small Businesses

The transaction is part of the pandemic-response package of both these impact institutions and the debt is the latest in a series of sanctions received by Northern Arc from development finance institutions (DFIs).

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