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Kotak Bank News
HDFC home loan interest rate today: New rate comes into effect today; SBI, Kotak also offering chance to buy homes at affordable rates
Thu, Mar 04, 2021
HDFC (Housing Development Finance Corporation) has announced it will reduce its Retail Prime Lending Rate (RPLR) on housing loans by 5 basis points and new interest rate will come into effect from today, March 4
Macquarie: Will corporate houses get banking licenses? Decision to distribute licenses could be controversial
Mon, Nov 23, 2020
RBI is the final deciding authority. A corporate house like Larsen & Toubro was not given a banking license by RBI. While Uday Kotak has been allowed to hold a 26% stake in Kotak Mahindra Bank, the promoter Hindujas’ plea for raising its stake in IndusInd Bank (applied in March 2020) has yet to be decided by RBI.
Kotak Bank lowers interest rates on savings deposits 2nd time in Apr
Mon, Apr 20, 2020
The largest lender SBI that controls almost a quarter of the banking system had also slashed the pricing on its savings account deposits earlier this month to just 2.75 per cent flat.
Kotak Bank lowers lending rate by a marginal 5 bps
Thu, Feb 28, 2019
Kotak Mahindra Bank cut the MCLR in four tenors, including the important one-year maturity ones to which all the major consumer loans including home loans are linked.
Kotak launches Special Situations Fund, Abu Dhabi Investment Authority commits $500mn
Thu, Feb 28, 2019
With a broad mandate to invest across asset types and sectors, our new partnership with Kotak will contribute to this process and help to ease the burden of NPLs on the Indian financial system," ADIA Private Equities Department ED, Hamad Shahwan Aldhaheri said.
Top 10 companies lose Rs 2,55,995 cr in m-cap; RIL worst hit
Sun, Oct 07, 2018
From the top 10 pack, RIL's market capitalisation (m-cap) plummeted Rs 1,32,061.4 crore to Rs 6,65,441.16 crore.
Microsoft launches Azure Stack for India
Wed, Dec 13, 2017
To further hasten Indian customers` move to the Cloud, Microsoft on Wednesday launched Azure Stack for India which is an extension of the company`s Azure Cloud platform.
Stocks start with caution, macro data ahead
Tue, Dec 12, 2017
The 30-share index was lower by 94.02 points, or 0.28 per cent, at 33,361.77. It had gained 858.61 points in the previous three sessions.
Sensex ends slightly lower ahead of RBI policy decision
Tue, Dec 05, 2017
The wider Nifty50 of the National Stock Exchange (NSE) edged lower by 9.50 points or 0.09 per cent at provisionally close (at 3.30 p.m.) at 10,118.25 points.
Govt looks to raise up to Rs 11,370 crore from state-run reinsurer GIC Re's IPO
Wed, Oct 04, 2017
State-run reinsurer General Insurance Corp of India`s (GIC Re) initial public offering of shares next week seeks to raise as much 113.7 billion rupees ($1.7 billion) in what will be India`s second-biggest IPO.
WATCH: Top 5 stories of this evening; From fall in markets on profit booking to Govt appointing Viral Acharya as RBI's new deputy governor
Wed, Dec 28, 2016
Zee Business brings you the most important stories of the day that will help you shape your market strategies and keep you informed with the latest developments.
Notes ban PMLA case: ED arrests private bank manager in Delhi
Wed, Dec 28, 2016
"The manager has been arrested under the provisions of the Prevention of Money Laundering Act and will be produced before the court for further custody," ED said.
ICICI Bank, Kotak Bank, others issue SMSes to customers to curb financial fraud
Thu, Oct 20, 2016
In a move to curb the ongoing financial data breach occurring via ATM, debit and credit cards, banks in India have started issuing SMS notifications to customers advising them to change passwords of their cards on an immediate basis.