Kotak Mahindra Bank

OfBusiness Raises Rs 75 Cr from Kotak Mahindra Bank

Working towards the redundancies experienced by SMEs in core sectors such as manufacturing and infrastructure, OfBusiness, a unique SME financing and product fulfilment platform, has secured additional debt funding worth INR 25 crore from Kotak Mahindra Bank. This debt comes as an extension to the existing INR 50 crore working capital limit the Company has with the Bank. OfBusiness aims […]

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Kotak Mahindra Bank Q2 profit seen up 24%, loan growth may be around 15%

Analysts feel if net interest margin comes above 4.35 percent (against 4.5 percent in Q1FY18), loan growth above 15 percent (17.9 percent) and gross non-performing assets below 2.7 percent (2.58 percent) then that will be considered positive by the Street. Kotak Mahindra Bank's second quarter standalone profit is seen rising 23.5 percent year-on-year to Rs 1,004.4 crore. Net interest income […]

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Samsung partners Kotak Mahindra Bank for Pay service

Samsung India has partnered with Kotak Mahindra Bank to expand its Samsung Pay platform for the latter's Visa Credit and Debit Cardholders. With this, Kotak customers can now tap and pay using their Samsung smartphones at merchant outlets having card acceptance machines. In addition to Kotak’s other digital payment solutions including UPI, Bharat QR Code, and One Time Fund Transfer […]

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