SBI Life Insurance Co Ltd on Monday reported over a two-fold jump in net profit at Rs 299.73 crore for the second quarter ended September of the current financial year. The life insurer had posted a ...

Kotak Mahindra Bank on Monday said acquiring companies and assets was one of the objectives of the capital raising exercise done during the first quarter, indicating that it is not averse to a merger ...

Private sector lender Kotak Mahindra Bank on Monday reported 8.5 per cent decline in its standalone net profit to Rs 1,244.45 crore in the first quarter ended June 30. The bank had posted a net profit...

Equity benchmark Sensex plunged over 300 pts in early trade on Friday tracking losses in financial stocks amid global equity selloff. The 30-share BSE Sensex was trading 307.31 points, or 0.81 per ce...

Kotak Investment Advisors Ltd, a wholly owned subsidiary of Kotak Mahindra Bank, has pumped Rs 500 crore through Kotak Special Situations Fund into Nirma group’s cement venture Nuvoco as it comp...

Veteran banker Uday Kotak has said the financial sector needs recapitalisation as the capital position has been affected by rising bad loans. The Kotak Mahindra Bank managing director has also disclos...

Equity benchmark Sensex jumped over 300 points in early trade on Tuesday, led by index-heavyweights Kotak Bank, HDFC, TCS and Reliance Industries amid positive cues from global markets.After opening o...

Kotak Mahindra Bank on Wednesday reported a 6.52 per cent fall in consolidated net profit for the March quarter at Rs 1,905.18 crore because of a multifold increase in provisions, and warned of asset ...

Amid a shortfall in revenue and the need for more public spending, newly elected CII president Uday Kotak said India needs to maintain financial and fiscal stability even as fiscal deficit will inevit...

Axis Bank on Tuesday reported a net loss of Rs 112.08 crore on a standalone basis for the September quarter because of a one-time tax impact.The private sector bank had posted a net profit of Rs 789.6...