New Delhi [India], Mar 7 (ANI): Kotak Mahindra Bank (KMB) on Tuesday announced that it has become India’s first bank to launch access to DigiLocker on the Bank’s Net Banking platform. Through this platform, customers can eliminate.
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REUTERS – Kotak Mahindra Bank (KTKM.NS), India’s fourth-largest private sector lender by assets, posted a 22 percent rise in second-quarter profit on Wednesday, helped by higher interest income and lower bad loans ratio. Net profit rose.
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The Supreme Court has refused to quash an FIR against Kotak Mahindra Bank and its nine top executives in a case relating to alleged criminal conspiracy to cheat a liquor manufacturer on the pretext of settling debts. However,the apex.
In an environment where interest rates are on a downward trajectory, Kotak Mahindra Bank (KMB) on Thursday announced that its customers will continue to enjoy 6 per cent interest rate per annum on savings account for balance.
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Oct 25 (Reuters) – Kotak Mahindra Bank, India’s fourth-largest private sector lender by assets, posted a 22 percent rise in second-quarter profit on Wednesday, helped by higher interest income and lower bad loans ratio. Net profit rose to 9.94.
Under pressure from the Reserve Bank to reduce its promoter holding, private sector lender Kotak Mahindra Bank will "prefer" paring the stake through an acquisition route rather than a sale to investors, a senior official has said. Mumbai:.
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The board of Kotak Mahindra Bank has approved a merger with ING Vysya Bank. Kotak Mahindra Bank and ING Vysya Bank are private sector banks, offering a wide range of financial services. The combined entity will have over.
Kotak Mahindra Bank has announced its execution binding share purchase agreement to acquire 99.49 percent of equity shares of BSS Microfinance Private Limited (BSS), a Non-Banking Finance Company, classified as a NBFC-MFI, from.
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MUMBAI: Kotak Mahindra Bank on Wednesday sought to play down reports of it planning to acquire a non-banking financial company as ‘speculative’, but hinted it’s interested in consolidation drive and termed the pile of stressed.
Dutch financial services institution group ING announced on Thursday that it had reduced its stake in the Indian private sector bank Kotak Mahindra from 6.4 per cent to 3.9 per cent. ING gained €490 million from the sale of 46.7 million.
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Kotak bank revised the Marginal Cost of Funds based Lending Rate (K-MCLR) downwards by up to 45 basis points (bps) or 0.45% with effect from January 1, 2017 for various tenors, it said on Monday. Another public sector lender Dena.
. announced the sale of its 26% stake in Kotak Mahindra Old Mutual Life Insurance to its joint venture partner Kotak Mahindra Bank. The transaction will be worth £156m (R2.6bn) and is expected to be completed in the second half of.
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The fourth-largest private sector lender Kotak Mahindra Bank reported a rise of 22.26% on-year in the standalone net profit in July-September quarter for the financial year 2018 led by higher interest income.
Kotak Mahindra Bank – Careers, Mumbai, India. 1.5K likes. Kotak Mahindra is one of India’s leading banking and financial services groups, offering a wide.
Kotak Mahindra Bank on November 25, 2014 became the first bank to get the Reserve Bank of India’s (RBI’s) permission to set up a wholly-owned non-life insurance company. The bank is already the promoter of a life insurance company in.
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Navi Mumbai: Kotak Mahindra Bank emerged as the winner of the Navi Mumbai regional round of Tata Crucible Corporate Quiz 2017. The quiz, which will traverse 25 cities in India, is giving quizzing enthusiasts within corporate India a chance.
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MUMBAI: In India’s biggest banking merger, Kotak Mahindra Bank on Thursday announced the acquisition of mid-sized private sector ING Vysya Bank in an all-share deal worth Rs 15,000 crore. The merger will catapult the nation’s fourth.
Kotak Mahindra Bank is an Indian private sector bank headquartered in Mumbai, Maharashtra, India. In February 2003, Reserve Bank of India (RBI) gave the.
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Kotak Mahindra Bank (Kotak) on Wednesday announced the launch of ‘811’, India’s unique full-service digital banking ecosystem on mobile that will drive the bank’s organic growth agenda. It has been designed around the idea of.
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