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The Latest Breaking News from Kotak Mahindra Bank

Low-interest home loan with a fixed rate for years: Should you go for this new hybrid home loan?

Kotak Mahindra Bank introduced a hybrid home loan product for borrowers. This loan allows locking EMIs at current low rates for several years. After this fixed period, the loan automatically shifts to a floating rate structure. Borrowers can choose lock-in periods of 39, 52, or 65 months. Read more to…

The Economic Times

Kotak Mahindra Bank joins peers in tapping dollar debt before RBI window shuts

Kotak Mahindra Bank successfully raised $650 million through its five-year dollar bonds. This issuance occurred at a coupon rate 27 basis points below initial guidance. Indian lenders have collectively raised $6.95 billion since June 5. These funds will diversify sources and support general corporate purposes. The Reserve Bank of India's…

The Economic Times

Four Indian private banks eye dollar debt before RBI swap window deadline, bankers say

Four Indian private lenders are accelerating dollar bond plans before August 31. They aim to raise $1.85 billion, taking advantage of a central bank swap facility. Kotak Mahindra Bank leads this effort, setting final price guidance for its issuance. Other banks like YES Bank, IDFC First Bank, and Federal Bank…

The Economic Times

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Man cleared Rs 45,000 credit card due in 12 EMIs, yet Kotak Mahindra Bank showed Rs 19,000 unpaid and threatened him; bank ordered to withdraw dues and pay Rs 1.5 lakh

Kotak Mahindra Bank has been ordered to pay Rs 1.5 lakh in compensation after the Delhi State Consumer Disputes Redressal Commission found it raised a demand of Rs 19,788 against a customer who had already cleared all 12 EMIs totalling nearly Rs 45,000 for a Samsung TV purchase, and then…

The Economic Times

INDO-MIM, Ather Energy and TCS among stocks bought and sold by mutual funds in July

Mutual funds bought Rs 15,900 crore of stocks in July while FIIs sold Rs 11,000 crore. Axis Bank, INDO-MIM and Kotak Mahindra Bank saw major buying, while ICICI Bank, Eternal and Reliance Industries faced selling. Buying remained strong across large, mid and smallcap segments, reflecting active portfolio repositioning by fund…

The Economic Times

CAS chaos continues: Sensex rises 114 points, but Nifty closes below 24,400. What lies ahead?

Indian benchmark indices ended mixed on expiry day, with the Sensex gaining 114 points while the Nifty slipped over 40 points. Broader markets advanced, while metal stocks declined and FMCG and realty gained. Analysts said softer inflation supported sentiment, but elevated crude prices and geopolitical risks remained key market overhangs.

The Economic Times

FCNR (B) FD premature withdrawal rules: Check penalty and interest rate rules of HDFC Bank, SBI, ICICI Bank, Axis Bank, Kotak Mahindra Bank

FCNR(B) deposits serve as a reliable investment option for NRIs wishing to secure foreign earnings in India. Penalties can differ across institutions, so it's essential to consult individual bank policies before considering any withdrawals.

The Economic Times

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ED files chargesheet in Kotak Mahindra Bank, Panchkula MC PMLA case

The Enforcement Directorate has launched a probe into alleged fraud involving bank officials, including a former deputy vice president and two of his subordinates. They are accused of embezzling over Rs 100 crore by creating unauthorized accounts with fake documentation. In the course of their investigation, assets worth Rs 131…

The Economic Times

FCNR (B) FD interest rates up to 6.50%: SBI, HDFC Bank, PNB and others- which bank offers highest rate?

For non-resident Indians, foreign currency non-resident bank fixed deposits remain a favored investment choice. With an uptick in interest rates for tenures ranging from three to five years, Punjab National Bank currently leads with an attractive 6.50% rate on select five-year deposits. Meanwhile, HDFC Bank and ICICI Bank also showcase…

The Economic Times

FIIs build a new Banking XI without the usual heavyweights. Will the big banks return?

Foreign investors reduced stakes in large banks during the June quarter. They simultaneously increased holdings in several mid-sized and smaller private lenders. This shift reflects a preference for banks with specific growth triggers and fundamentals. Large banks still offer strong franchises and reasonable valuations for investors. The rotation depends on…

The Economic Times

HDFC Bank, 3 other bank stocks wipe out Rs 1.5 lakh crore of investors' wealth after Q1. Time to buy the dip?

Shares of HDFC Bank, Axis Bank, Kotak Mahindra Bank and Yes Bank have erased over Rs 1.5 lakh crore in market value this week following their June-quarter earnings. While investors reacted negatively to the results amid broader market weakness, brokerages say the sharp correction has made valuations more attractive, with…

The Economic Times

ICICI Bank wins analysts’ vote after Q1 show; HDFC Bank, Axis, Kotak & Yes Bank face scrutiny

ICICI Bank shares rose after reporting strong June quarter earnings and improved financial metrics. Other major private lenders like HDFC Bank and Axis Bank saw their stock prices decline. Analysts favored ICICI Bank for its consistent performance and clean results this quarter. Kotak Mahindra Bank also received a buy recommendation…

The Economic Times

Lagging on FCNR(B) deposit collections, banks pin hopes on September-end rush

Banks anticipate a surge in FCNR-B deposits before the September deadline. Initial inflows have been below expectations, but partnerships are being forged. Demand from non-resident Indians remains strong, especially from the Middle East. Lenders are intensifying outreach efforts to attract more overseas funds. Mobilisation is expected to accelerate closer to…

The Economic Times

India Inc is returning to banks for money, but retail borrowers aren’t keeping pace

India’s largest private banks are witnessing a shift in credit demand, with corporate and SME lending driving loan growth while retail borrowing remains subdued. Stronger working capital demand, refinancing and business banking boosted advances, but slower consumer credit growth and weaker CASA ratios continue to weigh on banks’ funding mix…

The Economic Times

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The Economic Times

Rs 91,000 crore wipeout: What spooked HDFC Bank, Axis Bank and Kotak investors even as credit growth picked up?

Nearly Rs 91,000 crore was wiped off the market value of HDFC Bank, Axis Bank and Kotak Mahindra Bank as stronger credit growth failed to offset concerns over shrinking net interest margins, weaker CASA deposits and leadership uncertainty. ICICI Bank bucked the trend, supported by resilient profitability and balanced loan…

The Economic Times

Kotak Mahindra Bank shares fall over 3% despite Q1 profit growth. Analysts weigh in

Kotak Mahindra Bank shares fell after reporting a strong profit increase for the first quarter. Net profit rose 26% year-on-year, and net interest income also saw growth. Asset quality improved from the previous year, though key ratios weakened sequentially. Brokerages provided varied ratings, with some reiterating buy recommendations and others…

The Economic Times

Stocks in news: ICICI Bank, YES Bank, Kotak Bank, RIL, Axis Bank

Markets advanced Friday, gaining over one percent despite weak global cues. Analysts await quarterly results from Reliance Industries, HDFC Bank, and ICICI Bank. ICICI Bank reported a 16% year-on-year net profit increase for the June quarter. YES Bank and PNB also posted significant year-on-year profit growth. Kotak Mahindra Bank and…

The Economic Times

Kotak Bank Q1 Net Rises 26% on Loan Growth

Kotak Mahindra Bank experienced a remarkable net profit surge of twenty-six percent in the June quarter. This impressive growth can be attributed to a significant decline in provisions that bolstered the bank's financial results. Additionally, net interest income rose by nine percent, while operating profit saw a ten percent increase.

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The Economic Times

F&O Talk: Nifty IT gaining strong momentum, says Sudeep Shah; outlines HDFC Bank, ICICI Bank strategy after Q1

The Nifty IT index has rebounded nearly 13.5% from its July 1 low and gained around 5% this week, signalling improving momentum. Technical indicators, including the RSI, MACD and Relative Rotation Graph (RRG), point to strengthening bullish sentiment. The 29,600–29,650 zone is the key resistance, while 28,500–28,550 is expected to…

The Economic Times

Kotak Mahindra Bank Q1 Results: Net profit climbs 26% YoY to Rs 4,123 crore; NII rises 9%

Kotak Mahindra Bank Q1 Results: Kotak Mahindra Bank reported a 26% YoY rise in Q1 FY27 standalone net profit to Rs 4,123 crore, while NII increased 9%. Asset quality improved year-on-year, with gross and net NPAs declining, though margins moderated during the quarter. The bank’s deposits and advances continued to…

The Economic Times

HDFC Bank, Axis Bank, ICICI, Kotak shares rise up to 3% ahead of Q1 earnings; Nifty Bank gains 500 pts. What to expect?

Banking stocks rallied on Friday, lifting the Nifty Bank index over 500 points ahead of Q1FY27 earnings from HDFC Bank, ICICI Bank, Axis Bank, Kotak Mahindra Bank and Yes Bank. Brokerages expect steady loan growth and stable asset quality, though margin pressure may weigh on earnings during the quarter.

The Economic Times

Why did market rise today? Sensex surges 965 points; Nifty ends above 24,300. 4 reasons why D-Street defied global rout

Indian stock markets saw gains on Friday, with Sensex and Nifty trading higher. IT stocks led the gains, while broader markets experienced marginal losses. Escalating Iran-US conflict and rising oil prices added to investor caution. Foreign investors remained net sellers of Indian equities on Thursday. Analysts advise caution due to…

The Economic Times

Dividend alert! Last day to buy HCL Tech, MRF, Dabur, among 68 stocks for dividend payout worth Rs 1,365

68 stocks will turn ex-record date for dividends today. Investors must buy shares today to receive these upcoming dividend payments. HCL Tech, MRF, and Dabur are among the prominent companies offering payouts. 3M India leads with the highest overall dividend payout per share. This event marks the final opportunity for…

The Economic Times

HDFC Bank, SBI, other stocks jump up to 2%; Nifty Bank gains 560 points. What lies ahead?

Banking stocks rallied up to 2% on Wednesday, lifting the Nifty Bank index as investors positioned themselves ahead of a crucial round of Q1 earnings from major private lenders this weekend. Brokerages remain constructive on the sector, citing improving fundamentals, resilient loan growth and stable asset quality, while cautioning that…

The Economic Times

Why stock market fell today? Rising oil prices among key factors behind Rs 3 lakh crore wealth erosion

Benchmark indices Sensex and Nifty fell sharply on Tuesday as soaring crude oil prices, renewed rate hike fears, weak Q1 earnings from HCL Tech, a weaker rupee and fragile global cues triggered broad-based selling.

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