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Kotak Mahindra Bank
Business  /  Published 24.07.22

Kotak Bank net rises 53%

The bank’s gross non-performing assets during the quarter were 2.24 per cent, down from 3.56 per cent in the year-ago period. Net interest income rose to Rs 4,697 crore, up 19 per cent from Rs ...
By PTI in Mumbai

Business  /  Published 05.07.22

Cash gush puts lid on yields

Market circles said declining crude oil prices also contributed to the rally in bond prices. Brent crude is now trading at around $113 per barrel, down from over $120 per barrel nearly a month ago. ...
By Our Special Correspondent in Mumbai

Business  /  Published 24.05.22

Fuel sop no bar on rate hikes

Brokerages remain hawkish on the interest rate trajectory with analysts forecasting the Reserve Bank of India (RBI) will front-load hikes — inspite of the expected moderation in prices following...
By Our Special Correspondent in Mumbai

Business  /  Published 11.05.22

SBI hikes bulk deposit rates

State Bank of India (SBI) has hiked its interest rates on bulk deposits — Rs 2 crore and above — by 49-90 basis points, reflecting the upward movement of interest rates in the country afte...
By Our Special Correspondent in Mumbai

Business  /  Published 06.05.22

BoB first off the blocks to raise rates

Bank of Baroda (BoB) on Thursday became the first lender to raise the interest rates on home and auto loans following the Reserve Bank of India’s surprise decision to jack up the policy repo rat...
By Our Special Correspondent in Mumbai

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Business  /  Published 05.05.22

Kotak Bank net profit jumps 65%

Kotak Mahindra Bank on Wednesday reported a 65 per cent jump in its standalone profit after tax (PAT) at Rs 2,767 crore in the quarter ended March, helped by higher growth in net interest income and h...
By PTI in Mumbai

Business  /  Published 25.04.22

Private bank edge in policy rate hike

With a higher share of their loans linked to an external benchmark, private sector banks are expected to benefit more than PSU banks once the Reserve Bank of India (RBI) starts raising the policy repo...
By Our Special Correspondent in Mumbai

Business  /  Published 24.03.22

Bank trio buy 7.84% each in ONDC

Private sector lenders HDFC Bank, Kotak Mahindra Bank and Axis Bank have acquired a 7.84 per cent stake each in ONDC, an open public digital infrastructure framework entity. All the three banks have ...
By PTI in New Delhi

Business  /  Published 02.03.22

Ashneer Grover quits BharatPe

Ashneer Grover, the controversial co-founder and managing director of BharatPe, has resigned from the fintech platform after its board decided to convene a meeting to discuss actions against him on th...
By Our Special Correspondent in Mumbai

Business  /  Published 15.02.22

Axis set to buy Citi retail biz

Axis Bank is reportedly on the verge of buying Citigroup Inc’s retail banking business in India in a transaction that could be valued at $2.5 billion. A Bloomberg report said that an agreement ...
By Our Bureau in Mumbai


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