Last Updated:February 18, 2025, 18:00 IST From April 01, 2016, the payment of interest on Savings Bank Account is on a quarterly basis. Thus, the Savings Bank interest calculated on daily product basis will be paid at quarterly intervals on 30th June, 30th September, 31st December & 31st March each year. Kotak Mahindra Bank. Kotak…
Last Updated:February 13, 2025, 16:15 IST Benchmark equity indices BSE Sensex and Nifty50 opened with modest gains on Thursday, amid mixed global cues. Stock Market Updates Sensex Today: Benchmark Indian equity indices reversed early gains and closed Thursday’s trading session flat. The 30-share Sensex finished at 76,138.97, down by 32.11 points or 0.04% from its…
Last Updated:February 13, 2025, 10:40 IST Shares of Kotak Mahindra Bank rose more than 2 per cent to reach a fresh 52-week high of Rs 1,986 per share on February 13; Should you invest? The restrictions on Kotak Mahindra Bank were initially imposed on April 24, 2024. Shares of Kotak Mahindra Bank rose more than…
MUMBAI: RBI has lifted restrictions it imposed on Kotak Mahindra Bank in April 2024, which had prevented it from on-boarding new customers through its online and mobile banking channels and from issuing fresh credit cards, the lender informed exchanged. RBI had placed restrictions on the bank for inadequacies in its IT systems. According to Kotak…
MUMBAI: HDFC Bank has informed the stock exchanges that it has received approval from RBI for its group entities to hike investments in Kotak Mahindra Bank, AU Small Finance Bank, and Capital Small Finance Bank up to 9.5% of their share capital.RBI, through letters dated Jan 3, granted approval to HDFC Bank, as the promoter…
MUMBAI: Kotak Mahindra Bank reported a 4.8% year-on-year (YoY) increase in net profit for Q2FY25, reaching Rs 3,344 crore. However, on quarter-on-quarter basis, the bank’s profit was down by 5%, because of a 1-time gain of Rs 2,730 crore from sale of its stake in Kotak General Insurance in the preceding quarter. Gross deposits stood…
