Ing Vysya Bank

The fine was levied on Vinay Agrawal, who was regional head of business banking in ING from August 2011 till June 20, 2012. Later, he held the position of zonal head of cluster business banking till October 10, 2013.

SBI to merge with associates from April 1

State Bank of India (SBI) will merge its five associate banks with itself from April 1, in the largest consolidation exercise in the banking history of India.

World could see a protectionism mega trend: Uday Kotak

Speaking to CNBC-TV18, Uday Kotak said that the world could see a mega trend which is protectionism and in changing global narrative there will be some slowdown in trade.

Kotak Mahindra Bank Q4 net may jump 8%, NII seen at Rs 1832 cr

Kotak Mahindra Bank is likely to see standalone net profit at Rs 689 crore in January-March quarter, up 8.5 percent from Rs 635 crore in last quarter. According to a CNBC-TV18 poll, the private lender's net interest income (NII) may jump 3.8 percent at Rs 1832 crore against Rs 1766 crore in quarter-ago period.

CLSA initiates with outperform on Kotak post integration of ING

According to CLSA note, a robust asset quality and return on assets (ROA) as well as leverage expansion will take return on equity to 15 percent by FY18, or 17-18 percent in an optimal scenario.

Kotak Mah Bank Q3 net seen up 11%, other income may be healthy

Analysts feel integration cost is likely to be maintained for December quarter, which was at Rs 12 crore in Q2FY16 against Rs 63 crore in preceding quarter.

Kotak Mahindra Bank Q2 profit jumps 3-fold to Rs 569.5 cr

Other income increased 4 percent to Rs 615.7 crore and operating profit shot up 75 percent to Rs 1,045 crore due to a 21.6 percent fall in operating expenses.

FIU imposes Rs 68 lk fine on banks for failure to file STRs

Over a dozen public and private sector banks have been slapped a fine of Rs 68 lakh for their "failure" to report attempts of suspicious transactions and money laundering in their branches which were brought to light by a sting operation conducted in 2013.

See 30-35% upside in DCB Bank in next 1 year: Prakash Diwan

Prakash Diwan of prakashdiwan.in is of the view that one may see 30-35 percent upside in DCB Bank in the next 12 months.

Kotak Mahindra Bank to issue up to 5 mn depository receipts

The Reserve Bank barred overseas investments in it as foreign shareholding hit the permissible threshold following the merger of ING Vysya Bank with Kotak Mahindra Bank.

Look at HDFC Bank, Kotak Mahindra Bank: Basant Maheshwari

Basant Maheshwari, Founder of The Equity Desk is of the view that one may look at HDFC Bank and Kotak Mahindra Bank.

Nomura upgrades Kotak Mahindra Bank to buy, sees 24% upside

Nomura believes the recent 20 percent correction provides investors with a good entry into a high-quality bank and Kotak‘s earnings quality remains one of the best in the sector. The stock gained more than 1 percent.

Invest in SBI, Kotak Mahindra Bank: Gaurang Shah

Gaurang Shah of Geojit BNP Paribas Financial Services is of the view that one may consider State Bank of India and Kotak Mahindra Bank as investment ideas.

Bad debts cloud outlook for India's private sector banks

The spike at private sector lenders like ICICI Bank and Axis Bank follows a push to grab market share from India's dominant state banks. They account for some 70 percent of all outstanding loans but have pulled back on new credit for much of the past year, to keep a lid on bad debt.

Pvt sector bank officers form union; to join Sept 2 strike

The AIBOA, which claims to be the second largest union of banking officials, said the new wing called the Private Sector Bank Officers' Forum was launched yesterday in Bengaluru. Kotak Mahindra Bank's Venkatesh Babu will be the chairman of the forum.

Only sweeping structural change can lift PSBs: Religare Cap

Nobody from the private sector wants to lose out the hefty pay packages which are into millions and take very challenging role of PSU, says Parag Jariwala of Religare Capital Markets.

Kotak Mahindra Bank sees cost rise after ING Vysya deal

Kotak Mahindra's credit costs will be about 80 basis points for the fiscal year to March 2016, compared with 30 basis points last year, Managing Director Uday Kotak said after the lender reported a 56 percent decline in its first-quarter profit.

Kotak Mah Bank Q1 net down 56%; provisions up 22x on merger

NII, the difference between interest earned and interest expended, spiked 59.5 percent to Rs 1,598 crore compared to Rs 1,002 crore in same quarter previous fiscal.

Federal Bank, IDFC, Kotak Bank top buys: Birla Sun Life

Federal Bank, IDFC and Kotak Mahindra Bank were the top buys, while RattanIndia Power, ING Vysya Bank and Jindal Steel & Power were the top sells by the fund.

Gaurang Shah positive on Kotak Mahindra Bank

Gaurang Shah of Geojit BNP Paribas Financial Services is positive on Kotak Mahindra Bank.

Kotak Mahindra Bank up 2% on rise in FII investment limit

After deferring a decision twice on the proposal, the FIPB cleared the application during Friday's meeting. FIPB is headed by Finance Secretary Rajiv Mehrishi.

FIPB to consider Kotak Bank, 12 other proposals on July 3

The FIPB, chaired by Finance Secretary Rajiv Mehrishi, will also consider 12 other foreign investment proposals in its meeting on July 3, as per the FIPB agenda.

Key takeaways from Kotak Mahindra's 30th AGM

Speaking at the bank's 30th annual general meeting (AGM), Uday Kotak ,the executive vice chairman and managing director of Kotak Mahindra bank says market watchers should not look for steroids as the India marathon story is already playing out. He said there is significant capacity for the combined firm, post merger with ING Vysya.

FIPB again defers Kotak Bank proposal for raising FII limit

FIPB again defers Kotak bank proposal forThe Foreign Investment Promotion Board (FIPB) had taken up the application in its meeting, but the decision was deferred in want of comments from the Department of Financial Services (DFS), sources said. raising FII limit

Kotak Mahindra Bank, ING Bank sign MoU for cross-border biz

Private sector Kotak Mahindra Bank on Friday inked a pact with ING Bank for exploring opportunities arising from cross-border business, investments and trade flows across various geographies, including Europe.