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The Latest Breaking News from Kotak Mahindra Bank

Kotak Mahindra Bank shares fall 3% after CEO's surprise exit. What Nomura, Jefferies said

Analysts at Nomura and Jefferies, however, maintain 'Buy' ratings, with Nomura highlighting Anup Kumar Saha as a strong internal candidate. Despite the leadership change, analysts believe the bank's strategic direction will remain consistent.

The Economic Times

Stocks in news: Vedanta, Honasa Consumer, IRCTC, Bajaj Auto, Tata Motors

Indian markets experienced profit booking, falling over a percent amidst a weak global trend. Key stocks like Vedanta, Honasa Consumer, IRCTC, Bajaj Auto, and Infosys are in focus due to significant developments. Vedanta saw a major promoter stake sale, while Honasa Consumer plans an acquisition. Bajaj Auto reported a ransomware…

The Economic Times

Kotak Mahindra Bank has 'high ambitions' to deploy capital for growth, CEO says

Kotak Mahindra Bank is actively pursuing acquisitions, including loan portfolios and alternative assets, to deploy surplus capital and fuel growth. CEO Ashok Vaswani aims for the bank to become India's third-largest private lender by profit. The bank is also investing heavily in technology and AI to enhance efficiency, expecting workforce…

The Economic Times

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Private banks remain in focus as credit growth strengthens; selectivity key amid valuation concerns: Dnyanada Vaidya

Private sector banks are attracting investors with robust credit growth and stable asset quality. Experts anticipate a rate cycle shift, boosting margins. While some valuation concerns persist, opportunities for rerating exist in select large banks like ICICI and Kotak Mahindra Bank. Deposit mobilization remains a key area to monitor for…

The Economic Times

Time for India to focus on business of business, says Uday Kotak

Uday Kotak, Founder and Director of Kotak Mahindra Bank, emphasized that it is time for India to focus on the business of business now that other distractions have concluded. This call to action comes as global technology giants scale up their financial capacity to build next-generation infrastructure, highlighting a massive…

The Economic Times

Ex-Kotak exec arrested in Rs 145 crore Panchkula fraud case

Enforcement Directorate arrested a former Kotak Mahindra Bank executive. He is accused of masterminding a ₹145-crore fraud. Panchkula municipal corporation officials, bank employees, and private individuals allegedly conspired. Government funds were siphoned off. The executive was sent to ED custody. The case stems from an FIR by the Anti-Corruption Bureau.

The Economic Times

Red alert: 15 stocks most vulnerable to FII selling as DIIs refuse to step in

Foreign institutional investors have divested approximately $53 billion from Indian equities since September 2024, leading to significant ownership shifts. Fifteen large-cap stocks, including HDFC Bank and Bharti Airtel, remain highly vulnerable due to dominant FII holdings and a lack of domestic institutional support, despite overall DII market dominance.

The Economic Times

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Why Experts Fear India’s Toughest Economic Phase Yet

A single statement from banker Uday Kotak has suddenly sparked fear across India’s business and financial circles. “The shock is coming,” he warned while speaking about the growing Iran conflict and India’s dangerous dependence on imported oil. At first, it sounded like just another economic caution. But when India’s top…

MyLifeXP

Why Life Abroad Wasn’t What Indians Expected - Money Isn’t Everything

For years, leaving India for the West or the Gulf was seen as the ultimate life plan — a ticket to higher salaries, better standards of living, safe cities, global education for children, and a more comfortable future. But increasingly, Indians abroad are discovering that a bigger paycheck doesn’t automatically…

Times Life

Glitch triggered messages about incorrect account balance, says Kotak Mahindra Bank

Kotak Mahindra Bank on Saturday said a glitch in its SMS messaging template resulted in an incorrect account balance shown in the UPI reversal alert message that was sent to some customers

The Hindu

Kotak Mahindra Bank weighs insurance unit stake sale: Report

Kotak Mahindra Bank, backed by billionaire Uday Kotak, is considering selling a minority stake in its general insurance unit, according to people familiar with the matter.

The Times of India

Banks hike MCLRs, repo-linked lending rates post RBI rate action

NEW DELHI: Joining peer lenders, SBI, Kotak Mahindra Bank and Federal Bank are the latest in the list to revise their marginal cost of funds based lending rates (MCLRs) in addition to hikes in repo-linked rates from early October.

The Times of India

RBI imposes penalty on Kotak Mahindra Bank, IndusInd Bank

MUMBAI: The Reserve Bank on Monday said it has imposed penalties of about Rs 1 crore each on Kotak Mahindra Bank and IndusInd Bank for deficiencies in regulatory compliance.

The Times of India

SBI, BoB, others hike lending rates by up to 0.1%; EMIs to go up

NEW DELHI: EMIs for home, car and personal loans are set to go up for existing borrowers, with State Bank of India (SBI) and other major lenders including Bank of Baroda (BoB), Axis Bank and Kotak Mahindra Bank increasing their benchmark lending rates by up to 0.10 per cent.

The Times of India

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