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Saturday, November 2, 2024
TopicKotak Mahindra Bank

Topic: Kotak Mahindra Bank

Kotak Mahindra Bank will be cautious about giving new loans, CEO Uday Kotak says

Kotak Mahindra Bank will ‘very seriously’ screen lending & only approve loans that involve ‘right risks’, Uday Kotak says after Q4 profit falls nearly 10%.

Kotak Mahindra Bank posts 10% decline in profits as it steps up provisions for bad loans

Indian banks are bracing for a surge in bad debts as an economic lockdown triggers mass unemployment and leaves many companies facing bankruptcy.

India joins China and Australia to loosen rules for raising capital

Kotak Mahindra Bank Ltd. announced a plan to issue 65 million shares to strengthen its capital buffers as Indian banks brace for a surge in defaults.

Lockdown will test the resilience of even HDFC Bank, Kotak Mahindra and ICICI Bank

HDFC Bank, Kotak Mahindra & ICICI Bank – India’s strongest private banks – have been unable to escape the effects of the lockdown.

Uday Kotak asks Arun Jaitley about the future of electoral bonds

Kotak asked Jaitley how he saw the path towards electoral reforms and the role of electoral bonds in that journey.

Kotak Mahindra Bank Ltd.’s wealth unit dials down its bearish stance on India

The private banking unit has started advising clients to bring their cash holdings down and to selectively load up on mid-cap shares.

Five-year tussle with RBI has only helped Asia’s richest banker Uday Kotak get richer

Uday Kotak's wealth nearly tripled since March 2014 when the RBI said he failed to meet the first of its successive milestones to reduce his stake in the Kotak Mahindra Bank.

RBI says its autonomy will be undermined if Supreme Court rules in favour of Kotak Mahindra

The RBI has been tussling with Kotak Mahindra Bank since 2014 over its billionaire founder Uday Kotak stake in the bank.

Indian tax revenues fail to meet targets five months in a row, raise doubts on borrowing plan

Traders say the gap between the target and actual collection may undermine the government’s plan to cut its borrowing for the year by 700 billion Rs.

What the new board of IL&FS needs to do to rescue it

The roadmap for IL&FS recovery may be similar to that laid out for Satyam Computer Services case of 2009.

On Camera

As a Hindu Canadian, I am deeply hurt by cancellation of Diwali. My community is now sidelined

Canada faces serious foreign interference issues, but these challenges must not be weaponized to unfairly target friendly and important allies like India.

Watch CutTheClutter: Flattening INR-USD rate, and debate on pros and cons of a ‘strong’ rupee

In Episode 1544 of CutTheClutter, Editor-in-Chief Shekhar Gupta looks at some top economists pointing to the pitfalls of ‘currency nationalism’ with data from 1991 to 2004.

Indian firms sanctioned by US didn’t violate laws, says MEA. Hyderabad firm that supplied to Army on list

Among 19 Indian firms sanctioned by US Treasury Dept was Lokesh Machines Ltd accused of coordinating with 'Russian defence procurement agent to import Italy-origin CNC machines'.

Xi wanted to teach India about imbalance of power. We should take a budgetary lesson from it

While we talk much about our military, we don’t put our national wallet where our mouth is. Nobody is saying we should double our defence spending, but current declining trend must be reversed.