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Tag "Kotak Mahindra Bank"

Kotak Mahindra Bank gets nod to collect direct, indirect taxes

Kotak Mahindra Bank gets nod to collect direct, indirect taxes

🕔17:33, 5.Oct 2021

Mumbai, Oct 5 (IANS) Kotak Mahindra Bank Ltd (KMBL) has received approval from the government for collection of direct and indirect taxes, such as income tax, Goods and Services Tax (GST) etc, through its banking network. With this, the bank becomes

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Kotak Mahindra Bank cuts home loan interest rate to 6.5% for 2 months

Kotak Mahindra Bank cuts home loan interest rate to 6.5% for 2 months

🕔17:39, 9.Sep 2021

Mumbai, Sep 9  Kotak Mahindra Bank Ltd. on Thursday announced the reduction of its home loan interest rates by 15 basis points (bps) to 6.50 per cent. This special rate of 6.50 per cent per annum is a limited period

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Kotak Mahindra Bank to sell 8.5% stake in Airtel Payments Bank to Bharti Enterprises

Kotak Mahindra Bank to sell 8.5% stake in Airtel Payments Bank to Bharti Enterprises

🕔16:12, 31.Aug 2021

Mumbai, Aug 31  Kotak Mahindra Bank will sell 20 crore shares in Airtel Payments Bank Ltd amounting to 8.57 per cent stake to Bharti Enterprises for around Rs 294 crore. Kotak Mahindra Bank Limited has executed a share purchase agreement

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Kotak Life estimates Q1 loss of Rs 225-275 cr

Kotak Life estimates Q1 loss of Rs 225-275 cr

🕔14:14, 17.Jun 2021

New Delhi, June 17  Kotak Mahindra Life Insurance Company expects to incur a loss in the range of Rs 225 crore to Rs 275 crore on the shareholders account in the April-June quarter. In a communication to the Kotak Mahindra

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Kotak allows instant address updation on net banking via DigiLocker

Kotak allows instant address updation on net banking via DigiLocker

🕔17:34, 1.Jun 2021

Mumbai, June 1  Kotak Mahindra Bank (KMBL) on Tuesday announced that its customers can now instantly update their correspondence address with the bank on net banking via DigiLocker. KMBL has completed an integration of Kits Net Banking platform with DigiLocker.

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Kotak Mahindra Bank logs 11% growth in Q3 net profit

Kotak Mahindra Bank logs 11% growth in Q3 net profit

🕔17:25, 25.Jan 2021

Mumbai, Jan 25  Kotak Mahindra Bank on Monday reported a 10.76 per cent increase in its consolidated net profit for the October-December quarter at Rs 2,601.67 crore. During the same quarter last fiscal, the bank had reported a net profit

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Kotak Mahindra bank launches cardless cash withdrawal from ATMs

Kotak Mahindra bank launches cardless cash withdrawal from ATMs

🕔17:47, 24.Aug 2020

Mumbai, Aug 24  In yet another innovation during Covid-19 times, Kotak Mahindra Bank (Kotak) on Monday launched the Cardless Cash Withdrawal Facility through ATMs. Under this unique facility, Kotak account holders can make cash withdrawals as well as remit money

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Kotak Mahindra Bank, CEO commit Rs 50 cr to PM-CARES Fund

Kotak Mahindra Bank, CEO commit Rs 50 cr to PM-CARES Fund

🕔09:32, 30.Mar 2020

New Delhi, March 30  Kotak Mahindra Bank and its CEO Uday Kotak have together committed a total of 50 crore to the PM-CARES Fund for the fight against the coronavirus pandemic. In a tweet on Sunday, the bank said: “Kotak

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HDFC Bank, Kotak join Yes Bank rescue plan

HDFC Bank, Kotak join Yes Bank rescue plan

🕔21:28, 13.Mar 2020

Mumbai, March 13  HDFC Bank and Kotak Mahindra Bank joined the private banks which have come to the rescue of the crisis-hit Yes Bank. HDFC Bank on Friday said that its board has approved an investment of Rs 1,000 crore

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RBI agrees to cap promoters’ voting rights in Kotak Bank to 20%

RBI agrees to cap promoters’ voting rights in Kotak Bank to 20%

🕔11:48, 31.Jan 2020

Mumbai, Jan 30 Kotak Mahindra Bank on Thursday said that RBI has accepted capping promoters’ voting rights in the bank to 20 per cent of paid-up voting equity share capital until March 31, 2020 and that it is withdrawing its

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RBI slaps Rs 2 cr penalty on Kotak Mahindra Bank

RBI slaps Rs 2 cr penalty on Kotak Mahindra Bank

🕔07:33, 8.Jun 2019

Mumbai, June 8  The Reserve Bank of India (RBI) on Friday imposed a penalty of Rs 2 crore on Kotak Mahindra Bank for not complying with the central bank’s directions to furnish details of its promoter shareholding. The bank was

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Kotak Mahindra Bank’s standalone Q4 net profit up 25%

Kotak Mahindra Bank’s standalone Q4 net profit up 25%

🕔07:00, 1.May 2019

Mumbai, May 01  Kotak Mahindra Bank on Tuesday reported a rise of 25 per cent in its net profit for the fourth quarter (Q4) of 2018-19. According to the lender, its net profit during the quarter under review rose to

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