Kotak Mahindra Bank on Thursday said it has received board approval to raise equity capital by issuing up to 62 million shares, which, according to the closing price of Rs 865 a share on Thursday on the BSE, amounted to Rs 5,363 crore.
Housing Development Finance Corporation (HDFC), Kotak Mahindra Bank, Godrej Properties, Supreme Industries, Blue Star and Dilip Buildcon are among 24 stocks from the S&P BSE 500 and S&P BSE Smallcap index hitting their respective all-time highs in
The Insolvency and Bankruptcy Board of India (IBBI), the apex regulatory body under the new bankruptcy code, has constituted two high-profile panels to advise it on key issues on the upcoming framework, which the government and various stakeholders see as
Two days after Reserve Bank of India cut the repo rate by 25 basis points, banks are also beginning to reduce their lending rate. Kotak Mahindra Bank, has reduced its base rate by 9.40 per cent, effective 7th October.
After seven Indian banks set up shop at the International Financial Services Centre (IFSC) at the Gujarat International Finance Tec-City (GIFT City), three foreign banks are now in advanced talks for opening their international banking units (IBUs) in the
Alibaba. Com, the leading B2B platform for cross-border wholesale trade of Alibaba Group,today announced that it has entered into agreements with newpartners to explore the establishment of an expanded TradeFacilitation Centre (TFC) program in India.
Private sector lenders, including Axis Bank, Kotak Mahindra Bank and RBL, have taken a small stake in the National Payments Corporation of India (NPCI) as part of process to broad-base its shareholding.
Banking shares continued at their upward movement with the Nifty Bank and S&P BSE Bankex hitting their fresh 52-week highs on Thursday. Kotak Mahindra Bank and YES Bank hit a record high while Federal Bank touched a fresh 52-week high.
Canada Pension Plan Investment Board (CPPIB) that manages pension fund assets has recieved the Reserve Bank of India’s approval to increase its stake beyond five per cent to 10 per cent in Kotak Mahindra Bank.
Private sector lender Kotak Mahindra Bank reported 291 per cent year-on-year rise in its June quarter standalone net profit at Rs 741.97 crore, compared with Rs 189.78 crore in the same period a year ago.
Banks, particularly the private sector lenders in India, have decided to step up disclosure on non-performing assets (NPAs) in a bid to be more prudent and also stem any backlash from the investor community in the light of increasing bad loans in the
Even as bad assets mount, banker Uday Kotak has said legal tangles and sluggish economic growth are making asset quality resolution a tough job for lenders, and termed the Reserve Bank of India (RBI)’s asset quality review as a “small