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Kotak Mahindra, Reserve Bank of India
Kotak Mahindra Bank reports 5% rise in standalone net profit
Despite higher provisions, the bank's net interest income rose 11% to Rs 7,020 crore. Meanwhile, provisions for the quarter were at Rs 660 crore, up 80%.
Kotak Mahindra Bank's Robust Quarterly Growth Amid Challenges
Kotak Mahindra Bank reported a 13% rise in quarterly profit, reaching Rs 5,044 crore, driven by its subsidiaries' performance. While standalone profit grew 5%, provisions limited gains. The bank experienced a rise in unsecured loan slippages,
India Kotak Mahindra Bank's quarterly profit misses estimates on higher provisions
India's Kotak Mahindra Bank on Saturday reported a lower-than-expected 5% increase in July-September profit on higher loan provisions while lending margins shrank. The private lender's standalone net profit,
3h
Kotak Mahindra Bank says ‘actively working’ on RBI directive about credit cards, digital customer acquisition
Kotak Mahindra Bank said that 30-40% of total slippages in Q2 FY25 came from the credit card portfolio, which is being closely monitored​.
18h
on MSN
Kotak Mahindra Bank to acquire Standard Chartered Bank’s personal loan book worth ₹ ₹4,100 crore
Kotak Mahindra Bank will acquire Standard Chartered Bank’s personal loan book worth ₹4,100 crore on October 18, 2024. This ...
7h
Kotak Mahindra Bank Q2 net profit rises 5% to ₹3,344 crore
Kotak Mahindra Bank Ltd for the second quarter ended September 30, 2024 reported 5% year-on-year growth in net profit at ...
3h
Kotak Mahindra Bank eyes tractor demand revival in H2 despite flat growth in H1
The bank's micro-credit segment fell by 4 percent in Q2FY25 and is expected to slowdown in the current quarter as well, said Ekambaram.
1d
Indian Banks’ Margins Hurt by Elusive Deposits as Rate Cuts Appear Distant
Indian banks’ rising credit costs and their struggle to attract customer deposits to mitigate this will continue to dominate ...
1d
Kotak Mahindra Bank cuts savings account interest rate by 50 bps: Check details
Kotak Mahindra Bank recently announced a reduction in the interest rates for savings accounts with balances under Rs 5 lakh.
4h
Kotak Mahindra Bank’s NIM shrinks in Q2, as lender says secured loan book grew, IPO funds added pressure
The proportion of Kotak Mahindra Bank's unsecured loans -- personal loans and unsecured loans, which typically carry higher yields, declined during the quarter, while the secured loan book grew ...
2d
on MSN
Maggi or Dairy Milk? Jay Kotak Reveals His Go-To 2 AM Snack Cravings
In the first-ever TV interview, Uday Kotak's son Jay Kotak shared his late-night cravings, family dialogues, and thoughts on ...
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