Kotak Mahindra Bank: News
Major changes to credit card rules coming in July
Leading Indian banks, such as State Bank of India (SBI), HDFC Bank, and Kotak Mahindra Bank, are set to make major changes in their credit card benefits from July 2025.
Credit card changes from June 1: How they affect you?
Major banks in India are set to revamp their credit card policies starting June 2025.
Kotak insurance policyholder? You could get a share of ₹1,178cr
Kotak Mahindra Life Insurance Company has announced a bonus of ₹1,178 crore for the financial year 2024-25.
Yes Bank shares surge nearly 10% today—What's behind the rally?
Yes Bank shares jumped over 9% at market open on Tuesday following reports that Japan's Sumitomo Mitsui Banking Corporation (SMBC) is looking to acquire a controlling stake in the Mumbai-based lender.
Kotak Mahindra Bank hikes ATM transaction charges from this date
Kotak Mahindra Bank has announced a revision in its Automated Teller Machine (ATM) transaction fees.
RBI removes ban on Kotak Mahindra Bank's online customer onboarding
The Reserve Bank of India (RBI) has removed the restrictions it had earlier imposed on Kotak Mahindra Bank, preventing it from acquiring new customers through its digital channels.
Zerodha-rival Groww is planning an IPO at $8B valuation
Billionbrains Garage Ventures, the parent company of financial services platform Groww Invest Tech, is gearing up for an IPO this year.
Kotak Mahindra Bank's Q2 profit rises 5% to ₹3,344 crore
Kotak Mahindra Bank has reported a standalone profit after tax (PAT) of ₹3,344 crore, for the quarter ending September 2024.
Kotak Mahindra's Q1 profit exceeds prediction: Up 81% to ₹6,250cr
Kotak Mahindra Bank has reported a significant surge in its net profit for the first quarter of fiscal year (FY) 2025.
SEBI accuses Hindenburg of sharing Adani report early for profits
SEBI has accused Hindenburg Research of sharing an advance copy of a damaging report on the Adani Group, with New York-based hedge fund manager Mark Kingdon, two months before its publication.
Did Kotak Mahindra Bank help short Adani? Hindenburg raises questions
Kotak Mahindra Bank, a private sector lender, has been accused by US-based Hindenburg Research of creating and managing an offshore fund used to short Adani stocks.
SEBI issues show-cause notice to Hindenburg Research in Adani case
US-based short-seller, Hindenburg Research, has been served a show-cause notice by the Securities & Exchange Board of India (SEBI), the country's capital market regulator.
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.
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.
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.
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.
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.
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.
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.
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.
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.
Tanmay Bhat's Kotak Mahindra ad campaign draws flak: Know everything
Comedian Tanmay Bhat and controversies have become synonymous with each other.
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.
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.
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."
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.
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.
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.
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.
#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.
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.
#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.
#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.
#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.
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.
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.
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.
India offers the best and worst returns in banking
The Indian banking sector is increasingly becoming characterized by contradictory elements.
#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.
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.
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.
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.
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.
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.
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.
Kotak to acquire micro finance company
Kotak Mahindra Bank (Kotak) is in discussions to acquire a Karnataka based micro finance company, BSS Microfinance.