The Reserve Bank has lifted all restrictions it placed on Kotak Mahindra Bank. On April 24 last year, the RBI imposed certain business restrictions on the private lender.
As the curtains come down to the calendar year 2024, Uday Kotak, Founder and Director of Kotak Mahindra Bank, has listed ten-point priority areas for the overall growth of the Indian economy in the year that knocks our doors.
New Delhi [India], December 2: Entrepreneurs, investors, and stakeholders need to comprehend the impact of turnover on firm valuation. Turnover indicates a business's operational stability, capacity for expansion, and sales effectiveness. To run a business smoothly, it is important to unders
Upasna Bhardwaj, chief economist at Kotak Mahindra Bank, noted that the sharp dip in GDP growth reflects the disappointing corporate earnings data, particularly in the manufacturing sector, which appears to have faced the brunt of the slowdown.
The quarter saw the bank's Net Interest Income (NII) rise by 11 per cent YoY to Rs7,020 crore, while the Net Interest Margin (NIM) was maintained at 4.91 per cent.
Kotak Mahindra Bank has reported a significant growth in its financial performance for the first quarter of FY25, with the Profit After Tax (PAT) reaching Rs 6,250 crore, an 81 per cent increase from Rs 3,452 crore in Q1FY24.
Bengaluru (Karnataka) [India], May 9: slice, India's foremost consumer payments and lending company, is proud to announce the appointment of Arvind Kathpalia as their Chief Risk Advisor. With a career spanning more than three decades in financial services, Kathpalia brings a wealth of exp
Bengaluru (Karnataka) [India], May 8: In a groundbreaking collaboration rooted in a shared commitment to sustainability and inspired by Gurudev Sri Sri Ravi Shankar, The Art of Living and Kotak Mahindra Bank have embarked on a mission to revamp farming practices in Gujarat's Anand district.
In his resignation letter to the board members, KVS Manian stated, "I hereby tender my resignation from the services of Kotak Mahindra Bank for pursuing other opportunities in Financial Services, that I am exploring. Consequently, I would also step down from the Board of the Bank."
The shares of Kotak Mahindra Bank fell around 10 percent after RBI barred the bank for on boarding new online customers, and issuing new credit cards. The investors reacted negatively since the opening of the market on the Thursday session, selling pressure is high on the Kotak shares.
In the Nifty 50 index, 19 shares opened with advance while 31 shares in the list opened in red. Axis bank, Eicher Motors and HCL Technologies were among the top gainers in the Nifty 50. While the Kotak Mahindra Bank, Hindustan Unilever Ltd and Tata consumer were made into the list of top
The Reserve Bank of India (RBI) has directed Kotak Mahindra Bank to cease onboarding new customers through its online and mobile banking channels, and issuing fresh credit cards.