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