Kotak Mahindra Bank shares rise 5% post Q4 results
Ashok Vaswani, MD and CEO of Kotak Mahindra Bank, says the impact on the bank's profitability due to the restrictions placed by RBI could be ₹300 crore to ₹400 crore.
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Kotak Mahindra Bank shares hit 52-week low on RBI's supervisory action
Shares of Kotak Mahindra Bank hit a 52-week low of ₹1,602 in opening trade on the National Stock Exchange (NSE).
RBI bars Kotak Mahindra Bank from onboarding new online customers
RBI says action was taken due to significant concerns arising out of Kotak Mahindra Bank's IT examination and 'continued failure' on part of the bank to address these
Managing Inter-Generational Workforce
Employers are using reverse mentoring, open communication and customised skilling to realise the benefits of a generationally diverse workforce.
Zurich Insurance gets CCI nod to acquire 70% stake in Kotak Mahindra General Insurance
Back in November of the previous year, Switzerland-based Zurich Insurance Group had agreed to acquire a 51% stake in KMGIC for approximately ₹4,051 crore.
Kotak Mahindra Bank Q3 results: Profit rises 7% to ₹4,265 cr; asset quality improves
Reacting to Q3 numbers, shares of Kotak Mahindra Bank rose as much as 3.6% to ₹1,829.50 crore, while m-cap increased to ₹3.6 lakh crore.
Kotak Mahindra Bank appoints Ashok Vaswani as MD & CEO from Jan 1
Founder-CEO Uday Kotak resigned four months ahead of his retirement.
Zurich Insurance Company to buy 51% stake in Kotak Mahindra General Insurance for ₹4,051 cr
Zurich will acquire additional 19% stake in 3 years; deal marks “single largest investment” by global strategic insurer in an Indian non-life insurer
Kotak Mahindra Bank appoints Ashok Vaswani as MD & CEO; stock falls 3% post Q2
Kotak Mahindra Bank has reported 24% YoY rise in net profit at ₹3,191 crore for Q2 FY24, driven by improvement in net interest income and lower bad loans.
RBI approves Kotak Mahindra Bank's acquisition of Sonata Finance
Kotak Mahindra Bank also acquires 6.12% stake in novel therapeutic products company NKURE
