Kotak Mahindra Bank

FD interest rates of different banks vary by deposit amount, deposit tenure and type of depositorHere are the latest FD interest rates offered by SBI, HDFC Bank, Punjab National Bank and Kotak Mahindra Bank

Kotak Mahindra Bank has launched cardless cash withdrawal facility through ATMsApart from withdrawing cash, customers will be able to send money to others across the country through instant money transfer facility

Muthoot Finance Ayush Gold Loan is an exclusive initiative of Muthoot Group through which they will provide complimentary COVID-19 insurance cover to their eligible customersThis cover however will be available only for the customers availing gold loan under the Super Loan scheme

Uday Kotak’s stake in the bank stood at 25.82% while the total promoter shareholding was at 26.07% whereas Kotak sold 56 million shares held by him in the bank for over ₹6,900 crore

The lender has reported an 8.5% year-on-year decline in its standalone June quarter net profit to ₹1,244 croreThe bank’s loan book shrank 1.9% year-on-year and by a steeper 7.16% sequentially

Kothari, who has spent nearly 30 years at the lender, will leave on 30 September.

Kotak Mahindra Bank has recommended executive directors Anup Saha and Paritosh Kashyap to the RBI as potential successors to CEO Ashok Vaswani, whose term ends on December 31, 2026. Here's a look at the two internal candidates.

Kotak Mahindra Bank has submitted the names of directors Anup Saha and Paritosh Kashyap to the RBI as replacement for CEO Ashok Vaswani.

The ED alleges former Kotak Mahindra Bank executive diverted Municipal Corporation of Panchkula funds through fake accounts before routing the money into luxury assets and properties.

Kotak Mahindra Bank reported a 22.5% year-on-year increase in consolidated net profit, reaching ₹5,480.46 crore in Q1 FY27. Total income for the quarter rose to ₹30,068.60 crore, with standalone net profit at ₹4,122.96 crore.