The CBI on Tuesday took Rotomac group directors Vikram Kothari and his son Rahul in custody in the close to Rs 4,000 crore loan default case. Company.
MUMBAI: Two leading private banks – HDFC Bank and Kotak Mahindra – kicked off the earnings season with decent profits, but with a marginal increase in bad loans too. The results of these banks, which are considered among the.
Kotak Mahindra, and Yes Bank, in the areas of product development, CRM and distribution of banking products. Yuvraj Koreshetti has been appointed national sales head of two-wheeler loan, and will be responsible for the two-wheeler.
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In India’s biggest banking merger, Kotak Mahindra Bank today announced acquisition of mid-sized private. including agricultural finance and consumer loans, and a robust capital position. ING Vysya has a strong customer franchise for.
REUTERS – Kotak Mahindra Bank (KTKM.NS), India’s fourth-largest private sector lender by assets, posted a 22 percent rise in second-quarter profit on Wednesday, helped by higher interest income and lower bad loans ratio. Net.
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The excise department has written to banks asking them to furnish documents pertaining to these NBFCs. ICICI Bank, Kotak Mahindra, IDBI. NBFCs securitise a part of the loan portfolio to banks, And after recovering the loan from.
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The family of Uday Kotak, billionaire managing director of Kotak Mahindra Bank. with guidelines for bank licenses. Kotak started out in finance in 1985 by setting up an investment company with a 3 million rupee ($50,000) loan from.
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Mayuresh Joshi of Angel Broking is of the view that one can hold IndusInd Bank and Kotak Mahindra Bank and feels that ICICI Bank. very impressive set of numbers on all counts, how the loan growth has been, how the deposit.
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Kotak Securities Ltd, a subsidiary of Kotak Mahindra Bank was founded in 1994. They offers stock broking services and distributes financial products in India.
The Department. lender Kotak Mahindra Bank for payments bank. Those having applied for setting up small finance banks include micro-lender SKS Microfinance, brokerage firm India Infoline, remittance provider UAE Exchange and.
Apply now for Kotak Mahindra Bank Recruitment 2018. Applications through online mode are invited from candidates for filling up the vacant posts of Manager/Assistant.
The apex bank, Reserve Bank of India, on Monday granted payments bank license to telecom service provider Bharti Airtel, for which it had applied in partnership with Kotak Mahindra Bank. Aditya Birla Nuvo, Department of Posts,
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AMSL was one of the 11 entities, including Aditya Birla Nuvo, Department of Posts, Reliance Industries, Tech Mahindra and Vodafone m-pesa, which were granted approval in August 2015 by the RBI for setting up payments banks.
Kotak Mahindra Bank reported a 290 percent spike in its standalone net profit to Rs. 742 crore for the June 2016 quarter (Q1) on account of a 20 percent rise in net interest income and a 41 percent fall in provisioning for bad loans. The.
Kotak Mahindra Bank, which bought smaller rival ING Vysya in 2015 in the country’s biggest ever bank acquisition, said its gross bad loan ratio as a percentage of total loans was nearly flat at 2.58 percent at end-June, compared with.
In the afternoon, they were seen with the CBI sleuths at the Mall Road branch of Kotak Mahindra Bank. Some sources suggested Vikram and his family had been taken to Delhi. But CBI sources in the national capital denied the claim.
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Axis Bank has been under pressure over a sharp fall in third quarter profits along with Income Tax Department raids on some of its branches post-demonetisation. There is also a buzz about the bank’s merger with Kotak Mahindra Bank.
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Uday Kotak’s bold announcement on Wednesday to launch zero-balance services from Kotak Mahindra Bank’s app.