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Kotak Mahindra Bank

Kotak Mahindra Bank Cuts 1-Year MCLR Rate By 20 Bps, Hikes For Other Tenors

The MCLR (marginal cost of funds based lending rate) linked loan rates for the benchmark one-year tenor, which is used by banks to price most of consumer loans such as auto, home and personal, has been cut to 8.55 per cent...

16 November 2022

Sensex.

Markets Settle With Modest Gains In Highly Volatile Trade

In a trade marked with highs and lows, the 30-share BSE Sensex climbed 54.13 points or 0.09 per cent to settle at 59,085.43. During the day, it hit a high of 59,170.87 and a low of 58,760.09


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Equity Investors Richer By Over Rs 12.74 Lakh Crore In Four-Day Rally

The 30-share BSE benchmark climbed 545.25 points or 0.95 per cent to finish at 58,115.50 on Monday. The benchmark ended above the 58,000 level for the first time since April 13 this year


Kotak Mahindra Bank Q2 Profit Rises 27% To Rs 2,581 Crore

The private sector lender had posted a net profit of Rs 2,032 crore in the same quarter of the previous fiscal year

22 October 2022

Sensex.

Sensex Crosses 60,000 Mark For Fifth Straight Session Led By Kotak Bank, L&T, Bharti Airtel

After a largely choppy session, the 30-share BSE index ended 37.87 points or 0.06 per cent higher at 60,298 after starting the trade on a weak note


Here’s How You Can Reclaim Funds From Your Deceased Grandfather’s Dormant Bank Account

Here’s How You Can Reclaim Funds From Your Deceased Grandfather’s Dormant Bank Account

A user was facing difficulty in tracking and claiming back funds from his deceased grandfather’s banking and investment accounts. Some of these accounts were dormant, too. Here are the steps you should undertake to prevent...

01 August 2022

Top 5 Stock In Which Mutual Funds Invested This September

Mutual fund houses invested 74.6 per cent of their investments into large-cap stocks

19 October 2022

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Kotak Bank's Aggressive Push Leads To 81% Jump In Unsecured Loans

The Mumbai-headquartered bank on Saturday reported a 26 per cent rise in net income at Rs 2,071 crore in the June quarter, buoyed by record margins and a steep fall in dud loans, cushioning the Rs 8,500-crore treasury hit

24 July 2022

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23 July 2022
Kotak Bank Net Rises 26% On Fall In Bad Loans, Record Margins

Kotak Bank Net Rises 26% On Fall In Bad Loans, Record Margins

On a consolidated basis, the city-headquartered financial services group, which is also into life and non-life insurance, share broking, asset reconstruction,...


18 July 2022
Sensex, Nifty Climb Over 1% Amid Firm Global Market Trends

Sensex, Nifty Climb Over 1% Amid Firm Global Market Trends

Rising for a second straight session, the 30-share BSE Sensex rallied 760.37 points or 1.41 per cent to settle at 54,521.15. During the day, it jumped 795.88...


15 July 2022
Kotak Mahindra Bank Completes Integration With New Income Tax Dept. Portal

Kotak Mahindra Bank Completes Integration With New Income Tax Dept. Portal

In October 2021, Kotak Mahindra became the first in-line of scheduled private sector banks to get approved as a collection partner for taxes


04 July 2022
RBI Imposes Penalty On Kotak Mahindra Bank, IndusInd Bank

RBI Imposes Penalty On Kotak Mahindra Bank, IndusInd Bank

Besides, the RBI has also imposed penalties on four co-operative banks.


01 July 2022
Sebi Slaps Rs.1.6 Cr Penalty On Nilesh Shah, 5 Others From Kotak AMC In FMP Issue

Sebi Slaps Rs.1.6 Cr Penalty On Nilesh Shah, 5 Others From Kotak AMC In FMP Issue

Sebi penalises six Kotak AMC executives for flouting rules in fixed maturity plans. It had earlier passed an order in this issue in August 2021


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10 June 2022
Kotak Mahindra Bank Hikes Savings Account Rate By 50 Basis For Deposits Of Over Rs 50 Lakh

Kotak Mahindra Bank Hikes Savings Account Rate By 50 Basis For Deposits Of Over Rs 50 Lakh

Daily balances in savings accounts above Rs 50 lakh will now earn an interest of 4 per cent per annum as against the earlier rate of 3.50 per cent, while the...


16 May 2022
Sensex Rebounds 180 Points At 52,973, Nifty Below 15,842 As Banking Shares Advance

Sensex Rebounds 180 Points At 52,973, Nifty Below 15,842 As Banking Shares Advance

The 30-share BSE benchmark gained 180.22 points or 0.34 per cent to settle at 52,973.84.


07 May 2022
HDFC Hikes Home Loan Rates For All Customers With Effect From May 9

HDFC Hikes Home Loan Rates For All Customers With Effect From May 9

HDFC hikes retail prime lending rate by 30 basis points. Other public, private sector banks expected to follow suit


05 May 2022
Kotak Mahindra Bank Raises Savings Rate On Fixed Deposits By Up To 0.35%

Kotak Mahindra Bank Raises Savings Rate On Fixed Deposits By Up To 0.35%

The increase in FD (Fixed Deposit) rates comes after the Reserve Bank of India announced a 40 basis points hike in the repo rate, Kotak said in a release.


04 May 2022
Kotak Mahindra Bank's Profit Jump 65% At Rs 2,767 Crore In March Quarter

Kotak Mahindra Bank's Profit Jump 65% At Rs 2,767 Crore In March Quarter

The private sector lender had reported a net profit of Rs 1,682.37 crore in the same quarter of the previous fiscal year.


03 May 2022
Here Are 3 Important Changes That Will Impact Your Financial Life This May

Here Are 3 Important Changes That Will Impact Your Financial Life This May

Your financial life will undergo a change, with higher interest rates on loans, swing pricing on mutual funds, and a few other changes in the offing. Read here...


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21 April 2022
Life Insurers Clock 37% Rise In New Premiums In March 2022

Life Insurers Clock 37% Rise In New Premiums In March 2022

As the pandemic subsides, the life insurance sector limps back to normalcy


13 April 2022
CoinSwitch Kuber Disables Payment Services: What It Means For Crypto Industry

CoinSwitch Kuber Disables Payment Services: What It Means For Crypto Industry

Coinswitch Kuber disables UPI as well as bank transfer routes for crypto services; officials mum; industry calls for RBI to come clean on crypto regulations...


01 March 2022
Canara Bank Hikes Fixed Deposit Rates By Up To 25 Basis Points

Canara Bank Hikes Fixed Deposit Rates By Up To 25 Basis Points

The revised rates are effective from March 1, 2022, Canara Bank said in a statement


23 February 2022
Ashneer Grover-BharatPe Row: Here Are The Key Developments So Far

Ashneer Grover-BharatPe Row: Here Are The Key Developments So Far

On Wednesday, the Fintech startup sacked Ashneer Grover's wife Madhuri Jain Grover over alleged financial irregularities and cancelled ESOPs vested with her


11 February 2022
External Auditor's Interim Report In Few Days, Says BharatPe CEO

External Auditor's Interim Report In Few Days, Says BharatPe CEO

An interim report on the review of the governance process in BharatPe is expected in the next couple of weeks, CEO Suhail Sameer told employees in a letter.


04 February 2022
Timeline: How Ashneer Grover's Relation With BharatPe Board Turned Sour

Timeline: How Ashneer Grover's Relation With BharatPe Board Turned Sour

The merchant-friendly app, which was founded in 2018 by Grover and Shashvat Nakrani, currently holds a valuation of $6 billion.


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