Kotak is the first Indian firm to receive a licence from the UAE's Securities & Commodities Authority, as more UAE investors show interest in Indian markets
The leadership reshuffle comes after ICICI Securities was delisted from local stock exchanges in March
Instead of taking a fresh licence, which would have taken Kingdon Capital at least a month, Kotak Mahindra Bank’s subsidiary firm offered Kingdon a readymade structure in Mauritius, which was already registered as an FPI with Sebi since March 2022.
Kotak Bank's cheap valuations and a fall in gross NPAs have prompted brokerages to upgrade their ratings on the stock. Although RBI restrictions could affect the growth, the stock price correction has factored in the impact, say analysts.
Kathpalia will work on building the capabilities of the newly-formed banking entity following the merger of Slice and North East Small Finance Bank
After the stake sale, shares of KFin Technologies plunged 5.70 per cent to close at Rs 592.45 apiece on the BSE.
Srikanth Subramanian, the former chief executive of Kotak Cherry, will be the co-founder and chief executive of Angel One Wealth, an official statement said.
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Banking remains the hot favourite among fund managers and that seems to be part of the problem. If most people have already become believers of the story, finding new faithfuls or converts becomes a tough task
Q2 Earnings Highlights: The bank's asset quality showed an improvement, with a gross NPA ratio of 2.48% as of the end of September, down from 2.76% at the end of June.
Brokerages estimate the private sector lender will register a 22 percent YoY rise in Net Interest Income in Q2FY24 amid steady deposit growth momentum
In big news for India, JPMorgan Chase & Co. will add Indian government bonds to its benchmark emerging-market index, a keenly awaited event that could drive billions of foreign inflows to our country's debt market. What does this really mean for investments in India and Indian investors? Watch this conversation with Deepak Agrawal - CIO, Debt, Kotak Mahindra AMC.
Kotak Mahindra Bank’s wholetime director Shanti Ekambaram talks to Moneycontrol on the bank’s growth plans, challenges and opportunities - watch!
Recent earnings reports of banks suggest stress in the unsecured book. This comes in the backdrop of an aggressive growth in the recent months.
Net Interest Income (NII) is expected to increase by 1.6 percent Y-o-Y (up 32 percent Q-o-Q) to Rs. 6,201.3 crore, according to KRChoksey.
Net Interest Income (NII) is expected to increase by 27 percent Y-o-Y (up 2.2 percent Q-o-Q) to Rs. 5,965.8 crore, according to Prabhudas Lilladher.
The statement did not mention about the fundraising plans, but market sources said the private sector lender's arm is planning to raise between $500-$1 billion for the fund, which will be ploughed into the data centre businesses
According to the report, L&T Finance sold the portfolio of four accounts for ₹980 crore, equating to a recovery of nearly 66 per cent.
"Doing what is right and not populist is crucial. A “burning Lanka” tells all what not to do!” Uday Kotak tweeted.
On this edition of Simply Save, Moneycontrol's very own personal finance podcast, presented by Kotak Mutual Fund, Harsha Upadhyaya, Chief Investment Officer - Equity, President at Kotak Mahindra Asset Management Company, tells Kayezad Adajania how investors can tap into global equity markets via mutual funds.
Last week, the RBI accepted a working group's recommendation to increase promoter stake in private banks till 26 per cent and non-promoter stake to 10 per cent.