Kotak Mahindra Bank Limited, on Friday, announced that it has entered into an agreement to acquire the Personal Loan book (“Proposed Transaction”) of Standard Chartered Bank, India, further strengthening its position in the Retail Credit market.
At 9.39 a.m., Sensex was up 687 points or 0.83 per cent at 83,635 and Nifty was up 197 points or 0.78 per cent at 25,575.
The market regulator Securities and Exchange Board of India (SEBI) has said Hindenburg Research shared an advance copy of its critical report on Adani Group with New York-based hedge fund manager Mark Kingdon about two months before its public release
The shares of Kotak Mahindra Bank fell nearly 2.5 per cent on Tuesday after Hindenburg Research, in its reply to markets regulator SEBI's show-cause notice
However, the RBI (Reserve Bank of India) said the bank shall continue to provide services to its existing customers, including its credit card customers.
On a standalone basis, the net profit for the reporting period was up 7.62% to Rs 3,005 crore, attributed to a sharp rise in provisions.
Kotak Mahindra Bank on Saturday said it closed the second quarter of FY24 with higher net profit of Rs 3,190.97 crore.
A surprising incident at Sri Varaha Lakshmi Narasimha Temple in Simhachalam, Andhra Pradesh’s Visakhapatnam, has been making waves online. A…
Now customers with the bank can be instantly updated their correspondence address on net banking through DigiLocker.
The stock jumped 2.13 per cent to Rs 1,761.20 on the BSE.
