The settlement of the dispute between Kotak Mahindra Bank and RBI over promoter shareholding limit has put the spotlight on such large shareholders of other private lenders, especially the Hindujas of IndusInd Bank
Buoyed by RBI’s video KYC guidelines, banks are looking for a faster, cheaper way of getting new customers as social distancing becomes the new normal.
The bank has cited the impact of COVID-19 on its business for the decision.
To support government’s relief work, on 30th March, Kotak Mahindra Bank contributed Rs 25 crore to the PM Cares Fund and Rs 10 crore to the relief efforts in Maharashtra. Uday Kotak has also made a personal contribution of Rs 25 crore to the PM Cares fund.
Economic slowdown is slowly impacting the balance sheets of banks. Most of the large bad loan accounts may get adjusted in the third and fourth quarters, but the real challenge for banks will be to maintain credit growth
Rollover data suggest that index has seen lower rolls compared to its quarterly average of 78.66 percent and both the indices are light on positions
On the downside, the index may find support around 11,400. On the other hand, stocks may see volatile swings across the board in reaction to the earnings
Some of the foreign banks operating in India also reported fraud cases worth crores during the last 11 fiscal years.
Kotak Mahindra is seeing resilience amid correction. Maruti Suzuki and ICICI Bank may correct in the near term.
A bullish engulfing pattern in a strongly trending Kotak Bank can take the stock higher
Gaurs Group, one of the leading real estate player of the Delhi-NCR, is currently developing number of projects including two large integrated townships at Noida Extension and Yamuna Expressway.
Reserve Bank of India Shaktikanta Das said parties affected by the central bank's decisions were free to go to the court, as ordained by their democratic right.
"The NBFC sector, which saw significant pressure in October-November, is beginning to breathe a little better," he said in an annual message to employees of Kotak Mahindra Bank.
The market is expected to cool off a bit in the near-term after the recent rally. It is advisable to stick to large-caps and quality mid-cap names