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Kotak Mahindra, Reserve Bank of India
India Kotak Mahindra Bank's quarterly profit misses estimates on higher provisions
India's Kotak Mahindra Bank on Saturday reported a lower-than-expected 5% increase in July-September profit on higher loan provisions while lending margins shrank. The private lender's standalone net profit,
Kotak Mahindra Bank reports 5% rise in standalone net profit
Despite higher provisions, the bank's net interest income rose 11% to Rs 7,020 crore. Meanwhile, provisions for the quarter were at Rs 660 crore, up 80%.
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,
StanChart sells India personal loan business to Kotak Mahindra Bank
Kotak Mahindra Bank will buy Standard Chartered Bank's personal loan business in India, the Indian lender said on Friday, leaving the U.K.-based company to focus on its wealth and investment banking business in Asia's third-largest economy.
Kotak Mahindra Bank to acquire personal loan book of Standard Chartered
As of September 30, Standard Chartered's personal loan book in India had an outstanding balance of Rs 4,100 crore ($488 million).
Kotak Mahindra Bank's Net Profit Up 4.8% To Rs 3,344 Crore In Q2
The bank reported net interest income for the quarter to Rs 7,020 crore, from Rs 6,297 crore in Q2 FY24, up 11 per cent YoY.
StanChart India sells Rs4,100-cr personal loan portfolio to Kotak Mahindra Bank
Standard Chartered Bank, India (StanChart) is selling around Rs4,100 crore ($490 million) of outstanding personal loans to Kotak Mahindra Bank Ltd (KMBL).
Kotak Mahindra Bank's Q2FY25 profit surges 13 pc to Rs5,044 cr
Kotak Mahindra Bank announced its financial results for the second quarter of the fiscal year 2024-25, showcasing a consolidated profit after tax (PAT) of Rs5,0
Kotak Mahindra Bank to acquire Standard Chartered Bank's personal loan book worth ₹ ₹4,100 crore
Kotak Mahindra Bank will acquire Standard Chartered Bank's personal loan book worth ₹4,100 crore on October 18, 2024. This move aligns with Standard Chartered's focus on wealth growth, while Kotak aims to enhance its retail lending segment.
Kotak Mahindra Bank acquires Standard Chartered India's personal loan book
The acquisition will help Kotak Mahindra Bank expand its unsecured loan book. But it will need to scout for larger acquisitions in the future to push ahead of its nearest rival Axis Bank
Kotak Mahindra Bank to buy Rs 4.1K cr India personal loan book of StanC
This deal marks the second significant transaction between an Indian private sector bank and a foreign bank in recent years
13h
Kotak Mahindra Bank says ‘actively working’ on RBI directive about credit cards, digital customer acquisition
Kotak Mahindra Bank said that 30-40% of total slippages in Q2 FY25 came from the credit card portfolio, which is being closely monitored​.
1d
on MSN
Kotak Mahindra Bank to acquire Personal Loan book of Standard Chartered Bank
Kotak Mahindra Bank Limited, on Friday, announced that it has entered into an agreement to acquire the Personal Loan book ...
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