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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 Q2 Profit Climbs

Kotak Mahindra Bank, provider of wide range of financial services in India, reported a higher net profit, both on consolidated and stand-alone basis, driven by increased interest and non-interest incomes. Consolidated Results The Mumbai-based bank's second ...
Posted: October 22, 2014, 1:47 am

Kotak Mahindra Bank Meets Estimates; Q2 Net Rises 23%

Private lender Kotak Mahindra Bank reported 23 per cent year-on-year (y-o-y) rise in its consolidated net profit to Rs 718 crore supported by lower provisions and higher other incomes. Net interest income (interest earned over interest expended) of the ...
Posted: October 22, 2014, 5:04 am

Kotak Mahindra Bank Q2 profit jumps 26% on other income

Private sector lender Kotak Mahindra Bank 's second quarter standalone profit after tax beat street expectations, rising 26 percent year-on-year to Rs 444.5 crore led by strong other income and lower provisions. Profit in the year-ago period was Rs 352.54 ...
Posted: October 22, 2014, 7:04 am

Kotak Mahindra Bank reduces interest rate on savings deposits

Probably taking a cue from IndusInd Bank, Kotak Mahindra Bank has reduced its interest rate on savings deposits below ₹1 lakh by 0.5 percentage points to 5 per cent. “With effect from November 1, 2014, the interest rate on daily balances up to ₹1 ...
Posted: October 21, 2014, 1:07 am

Kotak Mahindra Bank Q2 Net up 23% at Rs 718 crore

Mumbai: Private sector Kotak Mahindra Bank Wednesday reported a 23 percent jump in consolidated net profit in the September quarter at Rs 718 crore, driven by a healthy rise in non-interest income. The city-based Kotak Group that operates the bank and a ...
Posted: October 22, 2014, 9:18 pm
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