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Uday Kotak News
Uday Kotak gets one-year extension on IL&FS board
Wed, Oct 02, 2019
The Government on Tuesday allowed Kotak Mahindra Bank managing director Uday Kotak to continue as the head of bankrupt infra lender IL&FS for one more year.
Big Bang Reforms! Uday Kotak all-praise for Nirmala Sitharaman corporate tax cut move
Fri, Sep 20, 2019
Uday Kotak, Executive Vice-Chairman and Managing Director of Kotak Mahindra Bank, said that this was a "Big bang reform" measure that will allow companies to compete with countries like the US.
Big thumbs up for Kotak Mahindra Bank from investors; share price jumps 4% - what you should know
Tue, Jul 23, 2019
Kotak Mahindra Bank shares were boosted by its Q1. It posted a net profit of Rs 1,360 crore compared to Rs 1,025 crore recorded in the corresponding period of the previous year.
Kotak Mahindra Bank Q1 preview: Uday Kotak led lender's CASA, NIMs, earnings to remain strong; asset quality expected stable
Mon, Jul 22, 2019
Investors in Kotak Mahindra Bank stock were trading on a cautious to selling note, as the lender is set to announce its June 2019 (Q1FY20) quarterly result.
Liquidity pressure on NBFCs: Uday Kotak doesn't see systemic risk for non-bank lenders
Sat, Jun 22, 2019
On the issue of transmission, Kotak seemed to point out to the interest rates on small savings schemes like PF which are mostly set by the Government as among the impediments for banks.
Lok Sabha Elections results 2019: "I dream of us as a global superpower in my lifetime," Uday Kotak says
Thu, May 23, 2019
Lok Sabha Election results 2019: Stock markets also expressed faith in the present dispensation's governance as well as policies.
Share Market: Kotak Mahindra Bank jumps by 2.50% on Dalal Street - Earns BUY rating from stock experts
Thu, May 02, 2019
The bank posted a 25% rise in net profit to Rs 1,408 crore in Q4FY19, as against Rs 1,124 crore in Q4FY18.
Kotak Mahindra Bank Q4FY19 Results: 25% jump in standalone net profit registered
Tue, Apr 30, 2019
The net profit stood at Rs 1,408 crore as against Rs 1,124 crore in Q4FY18.
Focus should be on 7% GDP growth: Uday Kotak
Sat, Apr 13, 2019
Uday Kotak, vice chairman and managing director, Kotak Mahindra Bank said that the policy rate should be reduced by the Reserve Bank of India (RBI). He added that the focus should be on achieving GDP growth at the rate of 7 percent. Watch this video to know more.
Google and Facebook have no business in banking: Uday Kotak
Thu, Feb 21, 2019
Kotak said banks work at a leverage of 10:1 wherein they lend out Rs 10 for every rupee of capital which they have. It is a high risk business, but perceived to be safe, Kotak said, stressing banks have "no choice" but to manage the risks well.
You just cannot afford to miss this Uday Kotak lesson on entrepreneurship
Wed, Feb 13, 2019
Banker Uday Kotak Tuesday exhorted entrepreneurs to be mindful of ethics, integrity and governance as they go about building companies.
Kotak Mahindra Bank vs RBI: Misses stake cut deadline! Will Uday Kotak blink?
Tue, Jan 01, 2019
There is not much impact seen on the KMB share price today as it is trading gradually lower by 0.50% at Rs 1,248.05 per piece at around 1034 hours.
Kotak Mahindra Bank vs RBI! Uday Kotak led bank faces fury of investors, shares drop over 7%, but should you invest?
Mon, Dec 10, 2018
In a notification to stock exchanges, Kotak showed its anger against RBI who did not responded on their decision over Perpetual Non Convertible Preference Shares (PNCPS) issue.
Uday Kotak led Kotak Mahindra Bank fights back RBI, drags it to Bombay High Court
Mon, Dec 10, 2018
In August, Uday Kotak, the founder and promoter of Kotak Mahindra Bank, has pared down his stake in the bank to 19.70 per cent from about 30 per cent following issuance of preference shares.
Kotak Mahindra Bank chief Uday Kotak says demonetisation was poorly executed
Mon, Dec 10, 2018
The outcome of the controversial demonetisation drive would have been "significantly better" if "simple things" like introducing Rs 2,000 currency notes were avoided, banker Uday Kotak has said.
Has Warren Buffett found love for Uday Kotak's bank? Berkshire Hathaway to buy stake; Guess what! Kotak Mahindra Bank denies, shares skyrocket
Fri, Dec 07, 2018
It is being reported that the Oracle of Omaha, the man who is referred as equity king worldwide, Warren Buffett is looking to buy a stake in Uday Kotak's KMB.
RBI board's decisions to be positive for economy: Uday Kotak
Thu, Nov 22, 2018
The RBI board announced plans to set up a committee to examine the economic capital framework (ECF) of RBI. It also decided to refer the issue of relaxing prompt corrective framework (PCA) for weak banks to the Board for Financial Supervision (BFS) of RBI.
Uday Kotak led board to take over IL&FS in Satyam Computer scam like action
Tue, Oct 02, 2018
In a Satyam-style takeover, the National Company Law Tribunal (NCLT) allowed the government to take over the beleaguered Infrastructure Leasing & Financial Services (IL&FS) in an emergency court hearing convened on Monday evening.
Uday Kotak: Naive to think state ownership can improve governance
Fri, Jun 15, 2018
"As reflected by events around us, it is naive for policymakers to believe that diversified ownership/state ownership is the way to good governance in banking," Kotak said in an annual message to Kotak Mahindra Bank shareholders.
Zee Business exclusive! Uday Kotak says no privatisation of PSBs will happen till 2019 elections
Wed, Mar 21, 2018
Uday Kotak, Executive Vice-Chairman and Managing Director, Kotak Mahindra Bank, said that three issues are there that give me the confidence to talk like that and they are 1) industry structure between Private and Public sector banks, 2) financial savings of people and 3) digitisation of the process involved.