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Kotak Mahindra Bank
Business  /  Published 04.05.21

Kotak Bank net rises

Kotak Mahindra Bank’s net profits rose 33 per cent for fourth quarter ended March 31 to Rs 1,682.37 crore from Rs 1,266.60 crore a year ago. However, this number came a tad below analyst estimat...
By Our Special Correspondent in Mumbai

Business  /  Published 27.04.21

15-year cap on bank chief tenure

The Reserve Bank of India (RBI) on Monday capped the tenure of a chief executive at a private bank at 15 years while tightening corporate governance rules that have been vigorously debated in the indu...
By Our Special Correspondent in Mumbai

Business  /  Published 04.03.21

HDFC cuts home loan rates

HDFC, the country’s largest housing finance company (HFC), on Wednesday said it has cut its rates by five basis points. HDFC’s loans will now start from 6.75 per cent. The mortgage lender...
By Our Special Correspondent in Mumbai

Business  /  Published 03.03.21

India Inc top guns take Covid jabs

Corporate India is now beginning to vaccinate with some of the bigwigs turning up at various centres to receive their first shots. On Tuesday, Uday Kotak, the MD & CEO of Kotak Mahindra Bank, too...
By Our Special Correspondent in Mumbai

Business  /  Published 03.03.21

Kotak Bank cuts home loan rates

Kotak Mahindra Bank has announced a 10 basis points reduction in its home loan rates for a limited period. The private sector lender is offering 6.65 per cent to its customers, which it says is the lo...
By Our Special Correspondent in Mumbai

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Business  /  Published 03.03.21

Insurance stake check

India’s central bank wants banks to limit ownership stakes in capital intensive insurance companies at a maximum 20 per cent, less than half of what the current regulations permit, three sources...
By Reuters in Mumbai

Business  /  Published 25.02.21

All banks can handle pension

All private sector banks will be allowed to handle government-related banking transactions such as the collection of taxes, pension payments and small savings schemes, the finance ministry announced o...
By Our Special Correspondent in New Delhi

Business  /  Published 26.01.21

Kotak Bank net profit up 11%

Engineering and construction giant Larsen & Toubro (L&T) on Monday posted a 3 per cent increase in consolidated net profit at Rs 2,648.33 crore for the quarter ended in December 2020, compared...
By Our Bureau in Calcutta, Mumbai

Business  /  Published 16.12.20

Three-year extension for Uday Kotak

The Reserve Bank of India (RBI) has approved the re-appointment of Uday Kotak as the managing director of Kotak Mahindra Bank for three years. The banking sector regulator also approved the appointme...
By Our Special Correspondent in Mumbai

Business  /  Published 27.10.20

Kotak Mahindra Bank net profit jumps 26.7%

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 ...
By PTI in New Delhi


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