The government has extended the term of Uday Kotak as non-executive chairman of IL&FS group by another six months. The extension was done through a gazette notification and it will see Kotak rema...

HDFC Bank will launch co-branded credit cards along with Paytm. This marks the first aggressive alliance struck by the lender after Reserve Bank of India lifted the ban imposed last year on the bank b...

A Kotak Mahindra Bank arm on Monday announced a Rs 1,000-crore investment into a third-party logistics (3PL) business promoted by the south-based TVS family. Kotak Special Situations Fund (KSSF) has ...

Kotak Mahindra Bank on Thursday announced a 0.15 percentage point cut in its lending rate in the highly competitive segment, offering mortgages from 6.50 per cent.  This is the bank’s lowe...

Kotak Mahindra Bank on Tuesday said it will sell 20 crore shares held in Airtel Payments Bank (APBL) for a cash consideration of Rs 294 crore or more to Bharti Enterprises Ltd. A share purchase agree...

The Reserve Bank of India (RBI) on Thursday cancelled the licence of Goa-based The Madgaum Urban Co-operative Bank Ltd with immediate effect. The RBI said the bank did not have adequate capital and e...

Two private sector lenders — Kotak Mahindra Bank and Axis Bank — on Monday met analyst estimates of their asset quality, providing some relief amid renewed concerns of a rise in bad loans ...

Consumers are not warming up to credit cards like before. In December, the central bank had barred HDFC Bank from issuing new cards because of various service outages. While HDFC Bank has been barre...

Kotak Life Insurance expects to incur a loss of Rs 225-275 crore in the first quarter ending June 2021 because of higher Covid-related claims and an increase in mortality related provisioning on accou...

Leading banker Uday Kotak has asked both the Reserve Bank of India (RBI) and the government of India to print more money to help the country tide over the  debilitating effects of the pandemic. ...