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Monday, July 13, 2020

Kotak Mahindra Bank

KOTAK MAHINDRA BANK NEWS

Franklin Templeton appoints Kotak Mahindra Bank to assist in monetising assets of 6 wind-up schemes

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.

Kotak Mahindra Bank Q4 profit down 4 per cent to Rs 1,952 crore

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.

Kotak Mahindra Bank declares 10% pay cut for staff with over Rs 25 lakh annual salary

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.

Kotak Mahindra Bank gets RBI nod for trimming promoters' stake

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.

Kotak Mahindra Bank sees 27% rise in post-tax profit

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.

Kotak Mahindra Bank Q3 profit rises 24 per cent to Rs 1,596 crore

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.

Kotak Mahindra Bank best suited to acquire Yes Bank, according to two top bankers

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.

Kotak Mahindra Bank net rises 51 per cent to Rs 1,724 crore

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.

Kotak Mahindra Bank Q4 net up 25%

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.

Promoters’ stake dilution: RBI rejects Kotak Mahindra proposal

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.