Kotak Mahindra

ICICI Bank cuts home loan rate to 6.70 per cent

The second largest private sector lender said the interest rate offering, which is valid till March 31, is the lowest in a decade.

published on : 5th March 2021

Kotak Mahindra Bank​ to handle salary account of Indian army personnel

Kotak said in a release that the MoU enables Kotak to offer its salary account proposition, combined with exclusive benefits for the Indian Army, to all army personnel - both active and retired.

published on : 5th March 2021

Kotak Mahindra Bank divests 10 per cent stake in ECA Trading Services to its arm

Kotak said that the divestment was done to comply with prudential limit stipulated by the Reserve Bank of India on investment in a non-financial services entity.

published on : 5th March 2021

HDFC cuts rates, offers home loans now at 6.75 per cent

For the existing customers, the interest rates will get repriced 0.05 per cent automatically on the existing interest rates.

published on : 4th March 2021

Kotak Mahindra Bank MD Uday Kotak takes first jab of COVID-19 vaccine

Prime Minister Narendra Modi too took his first shot of vaccine, Bharat Biotech's Covaxin, on Monday.

published on : 2nd March 2021

PSU banks’ divestment will consolidate sector

Kotak was speaking with TNIE Editorial Director Prabhu Chawla during e-expressions, a TNIE series of live web casts with people who matter.

published on : 5th February 2021

Kotak Mahindra Bank Q3 net up 11 per cent at Rs 2,602 crore

In a call with the media after the results, the Kotak management said the provisions would take care of the risks that the bank anticipates right now.

published on : 26th January 2021

Telangana High Court stays proceedings against Uday Kotak

The court took into cognisance a complaint filed by Bharat Kumar of Universal Packers and Movers alleging that Magma Fincorp and Kotak bank have cheated him.

published on : 22nd December 2020

Kotak Mahindra Bank shares continue to gain; zoom nearly 10 per cent

On a standalone basis, it reported a profit after tax of Rs 2,184 crore for the July-September quarter, up 27 per cent compared to the year-ago period.

published on : 27th October 2020

Kotak Mahindra Bank Q2 net jumps 27 per cent to Rs 2,184 crore

Provisions and contingencies fell 9.6 percent to Rs 368.59 crore compared to year-ago period, while the sequential fall was 61.7 percent.

published on : 27th October 2020

Buying cos an objective of recent capital-raising move: Kotak Mahindra Bank amid IndusInd Bank merger buzz

There were reports of KMB exploring an all-stock merger with IndusInd Bank late Sunday evening.

published on : 26th October 2020

Expressions with Uday Kotak| 'Protect lives and jobs, spend on healthcare'

Kotak feels that India will need to set its immediate focus on saving lives and jobs, even as its ramps up spending on healthcare and education.

published on : 14th June 2020

Top-10 firms add Rs 2.46 lakh crore in market capitalisation; Reliance Industries biggest gainer

HDFC Bank's market valuation zoomed Rs 46,036.95 crore to Rs 5,67,697.09 crore and that of Kotak Mahindra Bank advanced Rs 30,888.39 crore to Rs 2,65,080.63 crore.

published on : 7th June 2020

Kotak Mahindra Bank slashes interest rate by 0.50% on savings deposits

From Monday, daily balance of over Rs 1 lakh will earn 4 per cent interest as against the 4.50 per cent earlier, while those under that threshold will earn 3.50 per cent, the bank said.

published on : 25th May 2020

Kotak Mahindra Bank declares 10 per cent pay cut for staff with over Rs 25 lakh annual salary

The COVID-19 crisis is expected to have a heavy impact on the economy and many corporates have been cutting salaries.

published on : 7th May 2020
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