Kotak Mahindra Bank (Kotak Bank) announced its audited standalone and consolidated results for Q4 and FY19, and stated that on a standalone basis, the net interest income (NII) for FY19 increased to Rs 11,259 crore from Rs 9,532 crore in FY18. Continue Reading
ING Mauritius Investments held about 3.06 per cent stake, or 58,453,476 shares in Kotak Mahindra Bank as of 31 December 2018, according to data in BSE. Continue Reading
As an RBI deadline ends on Monday for Kotak Mahindra Bank to reduce promoters’ stake, the clamour has increased for a review of the central bank’s ownership guidelines for the country’s private sector lenders. Continue Reading
The outcome of the controversial demonetisation drive would have been ‘significantly better’ if ‘simple things’ like introducing Rs 2,000 currency notes were avoided, banker Uday Kotak has said.
Kotak Mahindra Bank Friday announced it was tying up with Wockhardt Foundation, which offers hospital management service, to launch six ambulances for the benefit of people in slums here. Continue Reading