Kotak Mahindra Bank's Robust Quarterly Growth Amid Challenges
Kotak Mahindra Bank reported a 13% rise in quarterly profit, reaching Rs 5,044 crore, driven by its subsidiaries' performance. While standalone profit grew 5%, provisions limited gains. The bank experienced a rise in unsecured loan slippages,
The bank's micro-credit segment fell by 4 percent in Q2FY25 and is expected to slowdown in the current quarter as well, said Ekambaram.
Kotak Mahindra Bank on Tuesday posted a marginal 5 per cent increase in its standalone profit to ₹3,344 crore in the second ...
Kotak Mahindra Bank will acquire Standard Chartered Bank’s personal loan book worth ₹4,100 crore on October 18, 2024. This ...
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Kotak Mahindra Bank’s credit cost during the second quarter increased to 0.65 percent, up from 0.42 percent a year ago. On the other hand, the bank's capital adequacy remains robust.
Indian banks’ rising credit costs and their struggle to attract customer deposits to mitigate this will continue to dominate ...
Kotak Mahindra Bank recently announced a reduction in the interest rates for savings accounts with balances under Rs 5 lakh.
The proportion of Kotak Mahindra Bank's unsecured loans -- personal loans and unsecured loans, which typically carry higher yields, declined during the quarter, while the secured loan book grew ...
In the first-ever TV interview, Uday Kotak's son Jay Kotak shared his late-night cravings, family dialogues, and thoughts on ...
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