[ad_1] Kotak Mahindra Bank’s loans grew 19%, while deposits rose just over 22%. India’s Kotak Mahindra Bank beat expectations on Saturday with a 67% year-on-year rise in quarterly net profit, helped by higher net interest income and robust loan growth. The Mumbai-based private lender’s standalone net profit rose to 34.52 billion rupees ($421.1 million) in … Read more
[ad_1] Kotak Mahindra Bank Q1 Results: Its GNPA during Q1FY24 declined to 1.77 per cent and NNPA was 0.40 per cent. Kotak Mahindra Bank Q1 Results: Its net interest income during April-June 2023 increases 33 per cent to Rs 6,234 crore, compared with Rs 4,697 crore in the year-ago period Kotak Mahindra Bank on Saturday, … Read more
[ad_1] AHMEDABAD: Kotak Mahindra Bank Limited on Saturday announced it has successfully re-domiciled Alchemy India Long Term Fund from Mauritius to GIFT City in Gandhinagar, which houses India’s first International Financial Services Centre (IFSC). The bank has issued the first-ever foreign portfolio investor (FPI) license to Alchemy’s Fund incorporated in GIFT and registered with FISCA … Read more
[ad_1] Kotak Mahindra is offering customers 3.5 percent interest on savings accounts, if their deposited amount is below Rs 50 lakh. The new debit card charges will come into effect from May 22. Kotak Mahindra Bank has decided to hike its annual charges on debit cards. The bank has mailed its customers regarding the increase … Read more
[ad_1] MUMBAI: Kotak Mahindra Bank on Saturday posted a 14.29 per cent increase in its consolidated net profit at Rs 4,566 crore for the March 2023 quarter.The private sector lender’s standalone net profit grew to Rs 3,496 crore for the January-March 2023 period against Rs 2,767 crore in the year-ago period.For FY23, the bank’s consolidated … Read more
[ad_1] MUMBAI: Kotak Mahindra Bank on Saturday posted a 14.29 per cent increase in its consolidated net profit at Rs 4,566 crore for the March 2023 quarter.The private sector lender’s standalone net profit grew to Rs 3,496 crore for the January-March 2023 period against Rs 2,767 crore in the year-ago period.For FY23, the bank’s consolidated … Read more
[ad_1] Kotak Mahindra Bank has declared its Q4 financial results. Kotak Mahindra Bank’s Q4 Results: The lender has announced a dividend of Rs 1.50 per equity share for the financial year 2022-23 Private sector lender Kotak Mahindra Bank on Saturday reported a 26.31 per cent jump in its standalone net profit at Rs 3,495.59 crore, … Read more
[ad_1] MUMBAI: The Reserve Bank of India (RBI) has begun evaluating at least five potential bidders interested in picking up a majority stake in state-owned IDBI Bank Ltd, three people familiar with the matter told Reuters.Kotak Mahindra Bank, Prem Watsa-backed CSB Bank and Emirates NBD are among those that have submitted expressions of interest, two … Read more