Kotak Mahindra Bank

Kotak Mahindra Bank Q3 profit may rise 21%, low cost deposit flow could be strong

Private sector lender Kotak Mahindra Bank's third quarter (October-December) standalone profit is seen rising 21 percent to Rs 1,064.2 crore, compared to Rs 879.8 crore in year-ago. The Street is anticipating highest NII growth rate in last few quarters. Net interest income is expected to increase 19.4 percent to Rs 2,448.2 crore for quarter ended December 2017, compared to Rs 2,050.3 […]

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Kotak Mahindra Bank looks to divest stake in MCX

Uday Kotak's Kotak Mahindra Bank has begun discussions to divest its stake in Multi Commodity Exchange, which was dealt a blow in December when market regulator Securities and Exchange Board India paved the way for universal exchange. Kotak Mahindra holds 15 per cent stake in MCX. Other prominent shareholders in the company include ace investor Rakesh Jhunjhunwala, who has a […]

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Uday Kotak, Asia’s richest banker, plans this big move

The family of Uday Kotak, billionaire managing director of Kotak Mahindra Bank Ltd., is setting up an office to invest in assets including private equity, stocks and real estate worldwide. “The funds will be deployed in asset classes other than debt and cryptocurrencies,” Venkat Subramanian, who will manage the family office, said in an interview in Mumbai last week. “We will also […]

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Kotak family plans office for asset investment

The family of Uday Kotak, billionaire MD of Kotak Mahindra Bank, is setting up an office to invest in assets including private equity, stocks, and real estate worldwide. "The funds will be deployed in asset classes other than debt and cryptocurrencies," Venkat Subramanian, who will be managing the family office, said in an interview in Mumbai last week. "We will […]

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