Kotak Mahindra Bank
Business  /  Published 23.09.21

Kotak gets IL&FS extension

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...
By Our Special Correspondent in Mumbai

Business  /  Published 21.09.21

HDFC Bank, Paytm in card tie-up

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...
By A Staff Reporter in Calcutta

Business  /  Published 14.09.21

Kotak Bank arm backs TVS family

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 ...
By PTI in Mumbai

Business  /  Published 10.09.21

Kotak Bank cuts home loan rates

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...
By Our Bureau in Mumbai

Business  /  Published 01.09.21

Kotak Bank to sell stake in Airtel arm

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...
By PTI in New Delhi


Business  /  Published 30.07.21

Another co-op bank goes bust

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...
By Our Special Correspondent in Mumbai

Business  /  Published 27.07.21

Kotak, Axis allay asset fears

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 ...
By Our Special Correspondent in Mumbai

Business  /  Published 28.06.21

Mixed trend in credit card use

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...
By Our Special Correspondent in Mumbai

Business  /  Published 18.06.21

Covid claims hit Kotak Life

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...
By Our Special Correspondent in Mumbai

Business  /  Published 28.05.21

Kotak asks RBI to print more money

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. ...
By Our Special Correspondent in Mumbai


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