Kotak Mahindra Bank maintained its conservative approach amid a pandemic, choosing to reduce its loan book to avoid risk in the September quarter. The private sector lender’s loan portfolio contracted a deeper 4% year-on-year in the September quarter, compared with a 1.9% drop in the June quarter. The downsizing pattern …
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Uday Kotak, promoter and managing director of Kotak Mahindra Bank is known for his conservative approach. Your bank’s performance metrics have reflected this approach over the years. Kotak Mahindra Bank has one of the lowest bad loan rates in the banking industry. Be it the financial crisis of 2008 or …
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Kotak Mahindra’s promoters and their IndusInd Bank counterparts have entered into talks for the merger through a share swap, said one of the two people cited above, who requested anonymity as the talks are private. The two sides are certainly still in exploratory talks and no decision has been made. …
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Kotak Mahindra Bank, backed by Asia’s richest banker, is exploring an acquisition of a smaller Indian rival IndusInd Bankpeople with knowledge of the matter said. The move would create the eighth largest financial firm in the country by assets. Uday Kotak, founder and CEO of Kotak Mahindra, is looking at …
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The Karnataka High Court ruled on Saturday in the case involving the closure of six Franklin Templeton Mutual Fund debt schemes. The plans were frozen on April 23, an action that was suspended by the Gujarat High Court on June 3. The Supreme Court transferred the Gujarat case along with …
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NEW DELHI : Seven of the top 10 national companies experienced a combined erosion of ₹59,259.58 crore in its market valuation last week, with Hindustan Unilever, HDFC Bank and Kotak Mahindra Bank emerging as the main laggards. The seven companies that posted losses in their market capitalization (m-cap) were Hindustan …
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