May 20, 2020 4:43 pm
Kotak Mahindra Bank, through its debt capital markets team, will work closely with the Franklin Templeton Trustees, to assist with all portfolio actions in these six schemes that are being wound up, Franklin Templeton Mutual Fund said in a statement.
May 13, 2020 3:19 pm
In accordance with the RBI circular dated April 17, it said, the board of directors of Kotak Mahindra Bank has not recommended any dividend for 2019-20.
May 07, 2020 3:28 pm
The move comes weeks after the top management voluntarily surrendered 15 per cent of their payments for 2020-21.
February 19, 2020 4:32 pm
On January 30, the bank had informed about RBI's in-principle acceptance for reducing promoters' shareholding to 26 per cent of the paid-up voting equity share capital (PUVESC) of the bank within six months from the date of final approval of the regulator.
January 21, 2020 4:41 am
The private bank incurred a non-recurring expense of about Rs 200 crore towards employee pension obligation during the quarter.
January 20, 2020 3:23 pm
Total income rose to Rs 8,077.03 crore during the quarter under review from Rs 7,214.21 crore in the year-ago period, Kotak Mahindra Bank said in a statement.
December 17, 2019 6:22 pm
In the past, both Axis Bank and Kotak Mahindra Bank (KMB) have been discussed as potential suitors for Yes Bank.
October 23, 2019 4:59 am
Gross non-performing assets (NPAs) increased 15 bps sequentially to 2.17 per cent, while net NPAs inched up 11 bps to 0.82 per cent. Provisions increased 35 per cent sequentially to Rs 473.10 crore in Q2FY20.
May 01, 2019 5:30 am
The private-sector lender’s total income rose by 18.5 per cent to Rs 7,672 crore on account of a 18 per cent rise in its NII to Rs 3,048 crore.
August 15, 2018 2:57 am
The RBI's contention is that preference shares do not count towards the equity share capital. Many analysts had questioned the Kotak Mahindra Bank move, saying that the move is not in line with the spirit of the RBI’s guidelines on cutting promoter stake in the bank.