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3 mins read
Kotak Mahindra Bank, Bandhan Bank and IndusInd Bank share prices soar with refinancing pulling them out of the red
Kotak Mahindra Bank continues to be the top gainer on the stock market followed by Bandhan Bank,…
1 min read
Uday Kotak to sell 2.8 pc stake in Kotak Mahindra Bank
The move would bring the curtains down on a long standoff between the regulator and the bank over …
PTI
3 mins read
Billionaire Uday Kotak to sell 2.83% stake worth over ₹6,800 crore in Kotak Mahindra Bank
The stake sale would help bring down his stake in the country's fourth largest private sector l…
PTI
2 mins read
Uday Kotak sells 2.83 pc stake in Kotak Mahindra Bank for Rs 6,944 cr
Kotak now has time till mid-August for selling the remaining 0.10 per cent holding in the bank to …
PTI
3 mins read
RBI panel proposes recommendations that could redefine private bank ownership
The Reserve Bank of India’s (RBI) Internal Working Group, formed on June 12 this year, has come out…
2 mins read
Billionaire Uday Kotak all set to get richer after RBI relaxes stock holding rules
Billionaire Uday Kotak is all set to get wealthier after he ended a long-pending issue with the cou…
4 mins read
HDFC Bank is already looking for a new CEO, but RBI's proposed limit to tenure is a threat to Uday Kotak
The Reserve Bank of India (RBI) has issued a discussion paper that proposes limited the tenure of p…
3 mins read
IndusInd Bank surges over 4% after RBI committee proposes to increase the cap on promoter stake in private sector banks
IndusInd Bank’s shares are up over 4% after the Reserve Bank of India’s (RBI) Internal Working Grou…
2 mins read
Uday Kotak has pockets deep enough to acquire Yes Bank, say top bankers
Two of India's top bankers on Tuesday opined that Kotak Mahindra Bank (KMB) is best suited to a…
PTI
1 min read
Kotak Mahindra Bank has lost nearly half a billion dollars in market cap after the billionaire promoter was fined by the RBI
Kotak Mahindra Bank's shares were among the list of top losers on the Nifty on Monday, when the m…
2 mins read
Kotak Mahindra Bank gets RBI nod for trimming promoters' stake
"Further to our intimation dated 30th January 2020,...the Reserve Bank of India has granted its fin…
PTI
2 mins read
Indian financial system in Darwinian mode, only fittest lenders survive: Uday Kotak
"India is in massive Darwinian mode of what I call as the survival of the fittest.
PTI
2 mins read
India's 100 wealthiest people together are worth $452 billion
The top 100 richest people in India together hold a fortune of $452 billion — that’s 16.58% of th…
3 mins read
The RBI may have dealt a $1.5 billion blow to Indian banks’ bottom line
As a result, the creditors of IL&FS, which include many of India’s public sector banks such…
2 mins read
Kotak Mahindra Bank saw rise in loans under moratorium but it isn't the worst hit
Kotak Mahindra Bank’s profit dipped by over 8% this quarter as compared to last year and its asset …
1 min read
Kotak Mahindra Bank plans to raise Rs 5,400 crore equity capital; might pursue consolidation
The money would also help raise funds for bank's subsidiaries. Reserve Bank of India's communicatio…
4 mins read
Indian lenders like SBI, Axis Bank and others need $20 billion in capital— most of it will go into filling up NPA holes
Unwilling to take risks and facing rating downgrades, India’s banks, including the biggest State Ba…
1 min read
Kotak Mahindra Bank shares rally 8 pc
Billionaire banker Uday Kotak, who has had a long run-in with the Reserve Bank over his excess pers…
PTI
1 min read
Kotak Mahindra Bank board to consider fundraising proposal this week
"The bank will be able to withstand our current expectations of a deterioration in operating condi…
PTI
1 min read
Kotak Mahindra Bank to invest Rs 500 cr in Yes Bank
"...the Bank has issued a equity commitment letter to invest Rs 500 crore (the 'equity commitment'…