Kotak Mahindra

Loans set to get costlier as several banks raise MCLR

SBI raised its MCLR by 10 basis points or 0.1 percentage point across all tenures, while the other three have raised it by 5 bps, or 0.05 percent across the board.

published on : 20th April 2022

MSME federation cautions members on relationship with Kotak Mahindra Bank

The Federation alleges harassment of MSME borrowers who intend to switch to other banks, raising exorbitant demands for foreclosure charges, not releasing securities nor issuing clearances etc.

published on : 14th April 2022

GPay, PhonePe eating up bank business, warns Uday Kotak

He said Indian bankers have been short-sighted on the payments business, leading to unified payments interface (UPI) payments being monopolised by the two major digital wallets.

published on : 4th December 2021

NCLAT rejects Kotak Bank's plea to set aside insolvency action against McNally Sayaji Engineering

The NCLT order was challenged by Kotak Mahindra Bank and a director of the suspended board of MSEL before the appellate insolvency tribunal NCLAT.

published on : 1st December 2021

LIC to up stake in Kotak Mahindra Bank to nearly 10 per cent

LIC will raise its stake in private sector lender Kotak Mahindra Bank to nearly 10 per cent, after receiving grant of approval from the RBI.

published on : 29th November 2021

Kotak Mahindra Bank, PVR launch co-branded debit card

The partners, which had first launched co-branded credit cards ten years ago, are seeking to leverage on the rise in usage of debit cards in the aftermath of the coronavirus pandemic.

published on : 16th November 2021

Sequoia, KKR backed-Five Star Business Finance files Rs 2,752-cr IPO papers

Chennai-headquartered, Five Star Business Finance, provides secured business loans to micro-entrepreneurs and self-employed individuals, each of whom is largely excluded by traditional institutions.

published on : 11th November 2021

Kotak Mahindra Bank profit falls seven per cent to Rs 2,032 crore

Net interest income (NII ) for the bank rose 3% YoY to Rs 4,021 crore from Rs 3,897 crore in the same quarter last year.

published on : 27th October 2021

Kotak Mahindra Bank reports 7 per cent fall in September quarter profit at Rs 2,032 crore

Total income during July-September period of 2021-22, however, grew to Rs 8,408.87 crore, as against Rs 8,252.71 crore during the same period in 2020-21.

published on : 26th October 2021

Kotak Mahindra Bank picks 9.9% stake in KFin Technologies

Kotak Mahindra Bank has taken a 9.98% stake in Hyderabad-based fintech solution provider KFin Technologies Private Limited for Rs 310 crore.

published on : 21st September 2021

Kotak Mahindra Bank to invest Rs 310 crore for 9.99 per cent stake in KFin Tech

KFin is an investor and issuer serving platform that provides financial technology solutions across asset classes like mutual funds, alternatives, insurance, and pension.

published on : 20th September 2021

How to take advantage of record-low home loan rates

Home loan interest rates have fallen below 7% since last year with the Reserve Bank of India (RBI) embarking on massive liquidity infusion measures to support growth and credit uptake.

published on : 13th September 2021

Citi’s biz good bet for Kotak, DBS Bank: Analysts

At least five foreign and private banks are vying for the consumer banking franchise of Citi India, particularly credit cards but the deal may not be a “game-changer” for all the shortlisted candidate

published on : 11th September 2021

Kotak Mahindra Bank slashes home loan rates further to a decadal low

This special rate of 6.50 per cent is a limited period festive season offer beginning 10th September and ending 8th November 2021, said the private sector lender.

published on : 9th September 2021

Rs 50-lakh fine on Kotak Mahindra AMC; can’t launch FMP schemes for 6 months

The fund house only paid the investors fully by September 2019 in violation of various Sebi norms.

published on : 28th August 2021
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