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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 Bank net declines 55.84%

Kotak Mahindra Bank has reported a 55.84 per cent decline in standalone net profit for the first quarter ended June 30, 2015 at Rs 189.78 crore as against Rs 429.80 crore in the same quarter of the previous fiscal. The profits are significantly lower as ...
Posted: July 30, 2015, 1:11 pm

UPDATE 1-India's Kotak Mahindra Bank sees cost rise after ING Vysya deal

Kotak Mahindra agreed in November to buy ING Vysya for $2.4 billion in what was the country's biggest bank takeover. The operations were combined effective April 1. Kotak Mahindra's credit costs will be about 80 basis points for the fiscal year to March ...
Posted: July 30, 2015, 7:09 am

Kotak Mahindra Bank shares end nearly 3% lower as Q1 net profit falls

After falling 4.43% to Rs 684.40 in intra-day trade at the BSE, shares of the company finally ended at Rs 695.70, down 2.86%. Shares of Kotak Mahindra Bank on Friday ended almost 3% lower after the company reported 25.8% decline in net profit for the first ...
Posted: July 31, 2015, 8:13 am

Kotak Mahindra Bank Q1 profit at Rs516.57 crore

Mumbai: Private sector Kotak Mahindra Bank Ltd on Thursday reported a consolidated net profit of Rs516.57 crore for the April-June 2015 quarter. The reported earnings are not comparable to the corresponding quarter of last year as the merger between Kotak ...
Posted: July 30, 2015, 8:19 am

Kotak Mahindra Bank Q1 net profit falls 26 percent to Rs 517 crore

The bank had reported a net profit of Rs 696.70 crore in the April-June quarter of last fiscal, it said in a BSE filing. However, Kotak's total income increased to Rs 6,384.63 crore in the April-June quarter from Rs 5,006.63 crore in the same period of ...
Posted: July 30, 2015, 8:23 pm
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