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Kotak Mahindra Bank
Kotak Mahindra Bank Net Worth is 7.9 $Billion. Kotak Mahindra Bank (BSE: 500247, NSE: KOTAKBANK) is an Indian financial service firm established in 1985. It was previously known as Kotak Mahindra Fina. Kotak Mahindra Bank (BSE: 500247, NSE: KOTAKBANK) is an Indian financial servi...

Kotak Mahindra Bank Net Worth is 7.9 $Billion.

Kotak Mahindra Bank Net Worth is 7.9 $Billion. Kotak Mahindra Bank is an Indian financial service firm established in 1985. It was previously known as Kotak Mahindra Fina Kotak Mahindra Bank is an Indian financial service firm established in 1985. It was previously known as Kotak Mahindra Finance Limited, a non-banking financial company. In February 2003, Kotak Mahindra Finance Ltd, the group's flagship company was given the license to carry on banking business by the Reserve Bank of India . Kotak Mahindra Finance Ltd. is the first company in the Indian banking history to convert to a bank. Today it has more than 20,000 employees and Rs. 10,000 crore in revenue.
Mr. Uday Kotak is Executive Vice Chairman & Managing Director of Kotak Mahindra Bank Ltd. In July 2011 Mr. C. Jayaram and Mr. Dipak Gupta, whole time directors of the Bank, were appointed the Joint Managing Directors of Kotak Mahindra Bank. Dr. Shankar Acharya is the chairman of board of Directors in the company.
The Bank has its registered office at Nariman Bhavan, Nariman Point, Mumbai.
It bought stressed assets from a number of banks, at full loan v...
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Kotak Mahindra Bank Latest News

Billionaire Kotak Buys ING Vysya in Record Indian Deal

... Kotak’s bank surged to a record in Mumbai stock trading after it agreed to buy ING Vysya Bank Ltd. for 150 billion rupees ($2.4 billion). Kotak Mahindra Bank Ltd. (KMB) jumped 6.3 percent to 1,229.10 rupees at 10:24 a.m. local time. ING Vysya ...
Posted: November 21, 2014, 5:00 am

Kotak-ING Vysya: Cos will need more shareholder support

Last week Kotak Mahindra Bank took a giant leap towards challenging the big boys of private banking by acquiring ING Vysya Bank, but the merger process could have a minor twist in the tale. Both parties will need more support from public shareholders.
Posted: November 24, 2014, 7:58 pm

Kotak Mahindra, ING Vysya To Merge In All-stock Deal

Kotak Mahindra Bank Ltd. and ING Vysya Bank Ltd. announced plans to merge, following the approval from the boards of both companies. The approved all-stock amalgamation is subject to approval of the shareholders of both companies, Reserve Bank of India ...
Posted: November 21, 2014, 9:59 am

Kotak Mahindra Bank expects major global cooperation boost from ING deal: Uday Kotak

MUMBAI: Having sealed a deal to merge ING Vysya Bank with Kotak Mahindra Bank, eminent banker Uday Kotak has said that the merger presents a significant opportunity for international cooperation with Dutch giant ING Group. The all-share deal, valued at ...
Posted: November 24, 2014, 6:21 am

Kotak Mahindra Bank to acquire ING Vysya Bank for RS 15,000 crore

MUMBAI: In India's biggest banking merger, Kotak Mahindra Bank on Thursday announced the acquisition of mid-sized private sector ING Vysya Bank in an all-share deal worth Rs 15,000 crore. The merger will catapult the nation's fourth largest private bank to ...
Posted: November 20, 2014, 12:46 pm
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