Kotak Mahindra Bank: News

RBI approves Zurich Insurance's majority stake acquisition in Kotak General

The Reserve Bank of India (RBI) has approved Zurich Insurance Company's plan to acquire a 70% stake in Kotak Mahindra General Insurance Company.

10 May 2024

Stock Market

Sensex gains 260 points, Nifty settles above 22,050 mark

On Friday, the benchmark Sensex and Nifty indices saw some gains after trading in the red for several sessions.

04 May 2024

Finance

Kotak Mahindra Bank announces 17% net profit increase in Q4 

Kotak Mahindra Bank, a prominent private sector lender, has reported a 16.88% year-on-year (YoY) rise in its consolidated net profit for the first quarter of the year.

25 Apr 2024

Uday Kotak

Uday Kotak loses ₹10,225cr as Kotak Bank's share price plummets 

Uday Kotak, the non-executive director of Kotak Mahindra Bank since January 1, 2024, has experienced a significant loss of wealth today.

RBI bans Kotak Mahindra Bank from onboarding new customers

The Reserve Bank of India (RBI) has imposed restrictions on Kotak Mahindra Bank (KMB), barring it from acquiring new customers through its digital platforms and issuing new credit cards.

10 Apr 2024

Stock Market

Sensex settles above 75,000 mark, Nifty closes at all-time high

The stock market had a bearish opening on Wednesday, but the benchmark Sensex and Nifty indices witnessed a surge.

20 Jan 2024

Stock Market

Kotak Mahindra Bank's net profit rises 6.75% in Q3 FY24

Kotak Mahindra Bank has shared its Q3 FY24 financial results, showing a 6.75% YoY increase in standalone net profit and a whopping 31% YoY jump in total income.

09 Nov 2023

Bollywood

Who is former Miss India Aditi Arya, Jay Kotak's wife

Former Miss India Aditi Arya tied the knot on Tuesday with her fiancé, banker and billionaire Uday Kotak's son, Jay Kotak.

02 Sep 2023

Uday Kotak

Uday Kotak steps down as Kotak Mahindra Bank MD-CEO

Uday Kotak, the managing director and CEO of Kotak Mahindra Bank, resigned from his position with effect from Friday (September 1), the bank announced on Saturday.

13 Jun 2023

Stock Market

Sensex gains nearly 420 points, Nifty settles above 18,700 mark

On Tuesday, the benchmark Sensex and Nifty indices saw gains. While the Sensex rose 0.66% to settle at 63,143.16 points, the Nifty jumped 0.61% to 18,716.15 points.

14 Feb 2023

Tanmay Bhat

Tanmay Bhat's Kotak Mahindra ad campaign draws flak: Know everything

Comedian Tanmay Bhat and controversies have become synonymous with each other.

23 Feb 2022

Startups

BharatPe fires co-founder Ashneer Grover's wife Madhuri Jain: Report

Fintech company BharatPe has sacked Madhuri Jain—the company's controller and co-founder Ashneer Grover's wife—based on charges of misappropriation of funds, The Economic Times reported on Wednesday.

05 Feb 2022

Startups

Ashneer Grover demands Rs. 4,000cr to leave BharatPe amid probe

BharatPe co-founder Ashneer Grover has reportedly demanded Rs. 4,000 crore from investors if they want him to leave the company.

10 Jan 2022

Kotak Bank

BharatPe founder faces legal action by Kotak over 'abusive' call

Kotak Mahindra Bank on Sunday said it is seeking "legal action" against BharatPe co-founder and managing director Ashneer Grover and his wife Madhuri over an "abusive call."

19 Dec 2020

Zomato

Ahead of its IPO next year, Zomato raises $660 million

Zomato has raised $660 million as part of its primary financing round, giving the Gurugram-based food tech unicorn a valuation of $3.9 billion, the company's founder and CEO, Deepinder Goyal, said on Twitter.

02 Jun 2020

Mutual Funds

Franklin Templeton MF liquidation: All you need to know

After winding up six debt funds and locking Rs. 30,800 crore of investor money, Franklin Templeton India is gearing up to finalize the liquidation process of the schemes through an e-vote.

20 Jan 2020

Flipkart

Honor 9X now available in India: Price, specifications and features

Honor's newly-launched 9X smartphone has gone on sale in India via Flipkart. The budget-friendly handset offers an all-screen design, 48MP triple-lens rear camera, and mid-range internals.

18 Jan 2020

Flipkart

Flipkart Republic-Day Sale: Best smartphones to buy under Rs. 15,000

Flipkart is all set to kick-off The Republic Day Sale from tomorrow i.e. January 19.

15 Nov 2019

India

#FinancialBytes: All you need to know about loans on credit-cards

Credit cards play an essential role in our lives and are among the most widely-used cashless payment methods because of the convenience they offer.

07 Oct 2019

WhatsApp

WhatsApp banking: Here's how you can get started

Catering to over 1.5 billion users, WhatsApp is surely one of the most popular messaging platforms in the world.

30 Apr 2019

India

#FinancialBytes: All you need to know about loans on credit-cards

Credit cards play an essential role in our lives and are among the most widely-used cashless payment methods because of the convenience they offer.

07 Feb 2019

India

#FinancialBytes: Popular personalized credit card options available in India

Credit cards are among the most widely-used cashless payment methods because of the convenience they offer.

19 Dec 2018

India

#FinancialBytes: 5 best credit cards for students in India

Credit cards have become an essential part of our lives today because of the convenience they offer.

29 Aug 2018

India

New Google Pay app to offer Indians quick loans

On Tuesday, Google announced that it would be partnering with a bunch of Indian banks to bring instant quick loans to the masses as part of its Next Billion Users initiative.

14 Aug 2018

India

India's richest women list: Smitha Crishna tops it

We've heard enough about India's richest people.

#FinancialBytes: What are virtual credit-cards and how to get one?

Today, most of us prefer online shopping as there are a lot of products available at the click-of-a-button.

02 Jun 2018

India

Maharashtra Government unveils 'sandbox' to aid start-ups in fintech space

In its efforts to develop India's financial capital into a fintech hub, the Maharashtra Government has announced a "sandbox" to aid start-ups in the fintech space.

26 May 2018

India

India offers the best and worst returns in banking

The Indian banking sector is increasingly becoming characterized by contradictory elements.

16 May 2018

Security

#FinancialBytes: What are virtual credit-cards and how to get one?

Today, most of us prefer online shopping as there are a lot of products available at the click-of-a-button.

14 Apr 2018

X

Banker comments 'Good she was raped' for Kathua-victim, gets sacked

Vishnu Nandkumar, an assistant manager at Palarivattom branch of Kotak Mahindra Bank in Kochi, lost his job (and rightly so) for justifying the horrendous action unleashed upon the 8-year-old rape victim of Kathua.

18 Mar 2018

India

RBI: Rs. 11,302 crore lying unclaimed with 64 banks

Data from the Reserve Bank of India (RBI) has revealed that a whopping Rs. 11,302 crore belonging to over three crore account holders is lying unclaimed with 64 banks - both public and private.

16 Sep 2017

Bengaluru

User data from ATMs across Bengaluru stolen, European tourists arrested

Several ATMs in Bengaluru, including one at Kempegowda International Airport, have been compromised, police reports said.

22 Mar 2017

Delhi Police

Delhi: Four Bhondsi jail-mates in Limca Book of Records

The Limca Book of Records now features four inmates of the Bhondsi jail for installing 'Phoenix' (a prison-management software) in 11 prisons of Haryana.

Axis-Kotak merger talk rife in spite of official denial

Shares of private banks Axis Bank Ltd and Kotak Mahindra Bank Ltd have shot up by 3.38% and 8.31%, respectively, since December amid speculations of a potential merger among them.

11 Jan 2017

Mumbai

Mumbai and all that's changing in it

The space under Lalbaug flyover is set to be revamped to include art installations and other amenities to attract residents.

29 Dec 2016

India

Demonetization sees banks enter the corruption spotlight

Amidst rising bad loans, the country's banks are battling corruption scandals of money laundering with the demonetization move.

02 Oct 2016

Karnataka

Kotak to acquire micro finance company

Kotak Mahindra Bank (Kotak) is in discussions to acquire a Karnataka based micro finance company, BSS Microfinance.