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  RBI imposes Rs 1 cr penalty each on Kotak Mahindra Bank, IndusInd Bank

  Business | July 05, 2022 8:23 IST

  The RBI said the penalties are based on deficiencies in regulatory compliance and not intended to pronounce upon the validity of any transaction or agreement entered into by the banks with their customers.

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  Kotak Mahindra cuts interest rate on home loans by 10 bps

  Business | October 22, 2020 23:07 IST

  Kotak Mahindra Bank (Kotak) on Thursday announced that it has reduced its rate on home loans by a further 10 basis points (bps) to 6.9 per cent per annum.

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  BHEL, HDFC, Kotak Mahindra, 5 others to list commercial papers on BSE

  Business | December 26, 2019 19:48 IST

  Leading stock exchange BSE on Thursday said eight companies, including Bharat Heavy Electricals Ltd, Housing Development Finance Corporation Ltd (HDFC), Kotak Mahindra Prime Ltd, have filed applications with the exchange to list their commercial papers (CPs).

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  University student arrested for Hollywood-style Kotak Mahindra Bank robbery attempt in Sahadara

  July 08, 2019 10:46 IST

  The accused, identified as Prabhjot Singh (25) and Sukhdev Singh (19), were arrested while a third person, Inderjeet, who had brought the pistol used to commit the crime, has been absconding, they said.

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  Google ties up with ICICI, HDFC, Kotak Mahindra, Federal Bank to avail instant loans online

  Internet | August 28, 2018 20:07 IST

  The tech giant added that it was working with the banks to provide instant loans to Google Pay users. 

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  Indian banks refusing to recognise full extent of bad loans, says Uday Kotak

  June 27, 2016 14:13 IST

  New Delhi: Eminent banker Uday Kotak has blamed rival lenders of refusing to face up to the scale of the bad loan crisis. Kotak, one of the top private-sector banks has said that only half

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  Uday Kotak sole Indian financier to feature on Forbes’ Most Powerful list

  May 12, 2016 16:32 IST

  With a net worth of $7.1 billion (Rs 47,000 crore approx.), Kotak Mahindra Bank Chief Uday Kotak has emerged as the sole Indian in the Forbes' list of 40 of the most powerful people in the financial world

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  Kotak Mahindra-ING Vysya merger gets RBI approval

  India | April 01, 2015 17:16 IST

  New Delhi: The merger deal between Kotak Mahindra Bank and ING Vysya Bank has received the Reserve Bank's approval, which would create the country's fourth largest private sector lender. "The scheme of amalgamation (of Kotak Mahindra

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  MCX gains 14%, FTIL up 7.7% on stake sale to Kotak Mahindra

  July 21, 2014 11:10 IST

  New Delhi: Shares of Multi Commodity Exchange of India (MCX) jumped a whooping 14% on Monday morning trade, after Kotak Mahindra Bank Ltd agreed to acquire 15 per cent stake in MCX for Rs.459 crore

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  Government appoints five merchant bankers for Power Grid FPO

  November 07, 2013 21:59 IST

  New Delhi: Government has appointed five merchant bankers, including SBI Caps and Kotak Mahindra, for the upcoming 17 per cent follow-on public offer of state-run Power Grid Corporation." Citigroup, ICICI Securities, UBS, SBI Caps and

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  DCB Bank not to seek extension to dilute promoter holding

  October 20, 2013 16:11 IST

  Mumbai: Private sector lender DCB Bank is confident of getting down the promoter holding to the Reserve Bank-mandated levels by March next and will not seek an extension this time, a top official said.“Even though

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  Kotak Mahindra Bank Q1 net up 43% at Rs 403 cr on core income rise

  July 19, 2013 12:28 IST

  Mumbai, July 19: Private sector lender Kotak Mahindra Bank has reported a 43 per cent rise in its standalone net profit at Rs 403 crore in the first quarter of current financial year, on the

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  Kotak I-Bank Ropes In Evercore Partners For M&A Advisory

  October 31, 2011 19:00 IST

  Mumbai, Oct 31: Kotak Mahindra Capital Company (Kotak Investment Banking), a subsidiary of Kotak Mahindra Bank, and the New York-based Evercore Partners, a leading investment banking advisory firm, today entered into an exclusive alliance for