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Kotak Mahindra Bank
Business  /  Published 30.01.22

Fraud worries BharatPe

BharatPe, the digital payments firm, has appointed risk consulting firm Alvarez and Marshal to carry out an independent audit of its internal processes and systems as rumours swirled about serious gov...
By Our Special Correspondent in Mumbai

Business  /  Published 29.01.22

Kotak Bank profit takes 31% jump

Private sector lender Kotak Mahindra Bank on Friday reported a 30.79 per cent jump in its consolidated December quarter net profit at Rs 3,402.74 crore, helped by an all-round performance across subsi...
By The Telegraph in Mumbai

Business  /  Published 20.01.22

Grover goes on leave

Ashneer Grover, the co-founder of BharatPe who had got embroiled in a spat with Kotak Mahindra Bank, has proceeded on voluntary leave till March-end. A statement from the fintech firm on Wednesday sa...
By Our Special Correspondent in Mumbai

Business  /  Published 20.01.22

Kotak caution for start-ups

Uday Kotak on Wednesday warned the start-up community that the “Cinderalla times” of easy money will not last as they will have to contend with the prospect of rising interest rates. ...
By Our Special Correspondent in Mumbai

Business  /  Published 11.01.22

Ruckus over IPO funding

The spat between Ashneer Grover, the co-founder of fintech BharatPe, and Kotak Mahindra Bank has raised questions of whether lenders are obligated to fund an individual or a company even if they are w...
By Our Special Correspondent in Mumbai

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Business  /  Published 24.12.21

Ford loans with Kotak

A Kotak Mahindra Bank arm on Wednesday announced it has acquired the passenger vehicle finance portfolio of the exiting Ford Motor Company’s captive lending platform for an undisclosed sum. Kot...
By Our Special Correspondent in Mumbai

Business  /  Published 12.12.21

Suyash joins Kotak Bank board

Kotak Mahindra Bank on Saturday announced the appointment of Ashu Suyash as an independent director on its board. Her appointment is for a period of five years, effective January 24, subject to the ap...
By Our Special Correspondent in Mumbai

Business  /  Published 02.12.21

Kotak bid to revive McNally Sayaji fails

The National Company Law Appellate Tribunal (NCLAT) has dismissed a petition filed by Kotak Mahindra Bank along with a director of debt-ridden McNally Sayaji Engineering Ltd (MSEL) to set aside insolv...
By PTI in New Delhi

Business  /  Published 30.11.21

LIC allowed to hike Kotak Bank stake

Kotak Mahindra Bank on Monday said that Life Insurance Corporation (LIC) has received permission from the Reserve Bank of India to raise its stake in the private sector lender to 9.99 per cent. The l...
By Our Special Correspondent in Mumbai

Business  /  Published 27.10.21

Axis Bank net at Rs 3382cr

Axis Bank on Tuesday reported a net profit of Rs 3,382.78 crore on a consolidated basis for the September quarter, driven by lower loan provisions as asset quality improved.  The third larg...
By PTI in Mumbai


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