Ashok Vaswani appointed as new CEO of Kotak Mahindra Bank
RBI has approved the appointment of Ashok Vaswani as the new Managing Director & CEO of Kotak Mahindra Bank.
Kotak Mahindra Bank
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Kotak Mahindra Bank profit zooms 24 pc in Q2 to Rs 3,191 cr
Kotak Mahindra Bank reported a 24% YoY rise in standalone net profit at Rs 3,191 crore for Q2 of FY 23-24.
RBI imposes ₹3.95 crore penalty on Kotak Mahindra bank for non-compliance
RBI has imposed a monetary penalty of ₹3.95 crore on Kotak Mahindra Bank Limited for non-compliance with various RBI directions.
Kotak Mahindra Bank Q1: Investment in government bonds rises 53.3%
The total investment in April-June rose around 39 percent on-year to Rs 1.24 lakh crore from Rs 89,183 crore in the year-ago quarter
Kotak Mahindra Bank Q4 net profit jumps 26%, NPA shrinks
Private sector lender Kotak Mahindra Bank on Saturday reported 26.31% year-on-year rise in standalone net profit at Rs 3,495.59 crore for the fourth quarter ending March 2023 (Q4FY23).
Kotak Mahindra Bank gets shareholders nod to appoint Uday Kotak as Non-Executive Director post his tenure end in Dec 2023
CEO, Uday Kotak's term will end in December 2023 this year
Kotak Mahindra Bank taps Egon Zehnder for CEO search
Uday Kotak has been the bank's CEO from its founding in 1985 as a non-banking financial company.
Kotak Mahindra Bank’s Q3 profit increased by 31% to ₹2,792 Crore
The bank earned a standalone net profit of ₹2,791.88 crore in Q3 of the current fiscal FY23, up from ₹2,131.36 crore in the same quarter last year, representing a 30.99% year-on-year increase.
These banks offer senior citizens fixed deposit interest rates of up to 7.5 percent
Banks increase the interest rates on fixed deposits for senior citizens by 30–40 basis points. Depending on the deposit amount and maturity duration, this premium can occasionally be considerably greater.
Face authentication-based eKYC is made available by Kotak Mahindra Bank
Through a mobile application created by UIDAI, authentication is performed. The authentication will be carried out without the use of any additional hardware.
Kotak Mahindra Bank reports net profit of Rs 2,131 crore in Q3
The net interest income grew 10% YoY to Rs 4,334 crore.
Stock Market update: Bank stocks Kotak, HDFC, Axis slip into red zone after three-day rally
The majority of banking stocks trading on a bearish note scrapping their previous record highs.
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