India, Kotak Mahindra Bank
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,
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 Bank to acquire personal loan book of Standard Chartered India
Kotak Mahindra Bank will acquire the personal loan book of Standard Chartered Bank India, worth Rs 4,100 crore, in an effort to expand its retail lending business. The proposed deal will consist of loans classified as 'Standard Loans',
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 Bank to buy Standard Chartered’s Rs 4,100-crore personal loan book
As of June 2024, Kotak Mahindra Bank's personal loans, consumer durable loans, and business loans totalled Rs 20,317 crore, while credit card loans amounted to Rs 14,644 crore.
Kotak Mahindra Bank to acquire Standard Chartered India's ₹4,100 cr personal loan book
The transaction is expected to be completed within the next three months, pending regulatory approvals and the satisfaction or waiver of customary closing conditions. KMBL will acquire the loan book,
Kotak Mahindra Bank to buy Standard Chartered's India personal loan book
StanChart's personal loan book had an outstanding of Rs 4,100 crore ($488 million) as of Sept. 30, Kotak Mahindra Bank said. India's personal loan market has become intensely competitive amid strong consumer demand.
Kotak Mahindra Bank to buy StanC India's Rs 4,100-crore personal loan book
Kotak Mahindra Bank on Friday announced that it will be acquiring foreign lender Standard Chartered Bank's Rs 4,100-crore personal loan portfolio for an undisclosed sum. The private sector bank will be picking up the entire quantum of the foreign lender's personal loans classified as "standard advances" and the transaction is expected to be
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Kotak Mahindra Bank Q2: Profit Climbs 5 Per Cent As Lender's Asset Quality Improves
The bank logged a profit of Rs 3,344 crore in the July-September quarter in the 2024-25 fiscal year (FY25), against Rs 3,191 ...
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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 ...
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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 ...
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Kotak Mahindra Bank's Q2 profit rises 5% to ₹3,344 crore
Kotak Securities reported a PAT of ₹324 crore in Q2, down from ₹400 crore YoY. Its overall market share also dipped slightly ...
Kotak Mahindra Bank posts 5% rise in Q2FY25 net profit at ₹3,344 crore
Kotak Mahindra Bank on Tuesday posted a marginal 5 per cent increase in its standalone profit to ₹3,344 crore in the second ...
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Kotak Mahindra Bank's Steady Profit Growth Amidst NIM Dip
Kotak Mahindra Bank reported a 5% increase in its standalone profit for the second quarter of 2024, reaching Rs 3,344 crore.
Kotak Mahindra Bank eyes tractor demand revival in H2 despite flat growth in H1
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.
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Kotak Mahindra Bank Q2 falls short of estimates; net profit up 5% with double-digit NII growth
On Friday (October 18), shares of Kotak Mahindra Bank Ltd ended at ₹1,869.80, up by ₹5.90, or 0.32% on the BSE.
Kotak Mahindra Bank Q2 net profit rises 5% to ₹3,344 crore
Kotak Mahindra Bank Ltd for the second quarter ended September 30, 2024 reported 5% year-on-year growth in net profit at ...
Kotak Mahindra Bank’s NIM shrinks in Q2, as lender says secured loan book grew, IPO funds added pressure
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 ...