Kotak Mahindra Bank

Kotak Mahindra Bank, UAE's ADIA to invest USD 590 million in Indian office spaces

Kotak Investment Advisors said it has closed its 12th real estate fund by forming the USD 590 million platform with a wholly-owned subsidiary of ADIA, as per an official statement.

published on : 20th June 2022

Banks lending rates up, Kotak Mahindra Bank hikes deposit rate 

Hours after RBI hiked rates at which it lends to commercial banks, the ICICI Bank, Bank of India and Federal Bank raised their EMIs on floating rate home loans with immediate effect.

published on : 10th June 2022

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

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

SBI no longer in list of top 10 most valued Indian companies

Kotak Mahindra Bank has replaced the largest state owned bank State Bank of India in the list of the country’s 10 most valued companies in the aftermath of a series of banking frauds and NPAs.

published on : 17th April 2018

Kotak Mahindra Bank fires Kerala employee over comments on Kathua rape victim

Nandukumar, posted as assistant manager at a branch in Kochi, allegedly justified the killing of the eight-year-old rape victim, saying she would have grown up to be a terrorist.

published on : 13th April 2018