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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

Kotak Mahindra Bank’s profit doubles: Here are key takeaways

MUMBAI: Kotak Mahindra Bank's consolidated net profit doubled to Rs 1,067 crore in the June quarter from Rs 520 crore a year ago, helped by the base effect of last year's when it made extraordinary provisions related to the purchase of the erstwhile ING ...
Posted: July 21, 2016, 2:41 pm

Kotak Mahindra Bank Q1 net rises 291% to Rs 742 cr

Private sector lender Kotak Mahindra Bank reported 291 per cent year-on-year rise in its June quarter standalone net profit at Rs 741.97 crore, compared with Rs 189.78 crore in the same period a year ago. The management guided that the bank was returning ...
Posted: July 21, 2016, 12:46 pm

Small biz stress dulls good show by HDFC Bank, Kotak

MUMBAI: Two leading private banks - HDFC Bank and Kotak Mahindra - kicked off the earnings season with decent profits, but with a marginal increase in bad loans too. The results of these banks, which are considered among the best lenders in terms of asset ...
Posted: July 21, 2016, 9:13 pm

Kotak Mahindra Bank To Raise Rs 5,000 Crore Via Bonds

New Delhi: Private sector lender Kotak Mahindra Bank on Thursday said it will raise up to Rs 5,000 crore by issuing bonds. The capital raise plan was approved at the bank's board meeting held today. "The board of directors of the company at its meeting ...
Posted: July 21, 2016, 3:04 am

Kotak Mahindra Bank Q1FY17 net profit soars 290%

The numbers for the current quarter are not comparable to a year ago as the bank merged ING Vysya Bank with itself in April 2015 but started reporting results including ING Vysya only in subsequent quarters. Analysts on average had expected a net profit of ...
Posted: July 21, 2016, 9:30 am
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