Kotak Mahindra Bank Muted Q2 Results
India Kotak Mahindra Bank's quarterly profit misses estimates on higher provisions
India's Kotak Mahindra Bank on Saturday reported a lower-than-expected 5% increase in July-September profit on higher loan provisions while lending margins shrank. The private lender's standalone net profit,
Kotak Mahindra Bank Q2 Results: Net profit below estimates as RBI ban, rise in NPA bite
Kotak Mahindra Bank reported a 5% increase in standalone profit to Rs 3,344 crore for the quarter ended September 2024, driven by an 11% growth in net interest income. However, rising NPAs and a slowdown in consumer loans pressured margins and increased provisions.
Kotak Mahindra Bank's Q2 profit Surges 13% To Rs 5,044 Cr
Kotak Mahindra Bank rev aled its financial results for the second quarter of the fiscal year 2024-25, showcasing a consolidated profit after tax (PAT) of Rs5,044 crore, a significant 13 per cent year-on-year (YoY) increase from Rs4,
StanChart sells India personal loan business to Kotak Mahindra Bank
Kotak Mahindra Bank will buy Standard Chartered Bank's personal loan business in India, the Indian lender said on Friday, leaving the U.K.-based company to focus on its wealth and investment banking business in Asia's third-largest economy.
Kotak Mahindra Bank to buy Rs 4.1K cr India personal loan book of StanC
This deal marks the second significant transaction between an Indian private sector bank and a foreign bank in recent years
Kotak Mahindra Bank's Q2FY25 profit surges 13 pc to Rs5,044 cr
Kotak Mahindra Bank announced its financial results for the second quarter of the fiscal year 2024-25, showcasing a consolidated profit after tax (PAT) of Rs5,0
Kotak Mahindra Bank acquires Standard Chartered India's personal loan book
The acquisition will help Kotak Mahindra Bank expand its unsecured loan book. But it will need to scout for larger acquisitions in the future to push ahead of its nearest rival Axis Bank
India's HDFC Bank beats quarterly profit forecast, margins dip slightly
HDFC Bank, India's largest private lender, beat analysts' forecasts for July-September profit on Saturday, helped by higher core lending income, while margins were slightly lower on a sequential basis.
Kotak Mahindra Bank's Net Profit Up 4.8% To Rs 3,344 Crore In Q2
The bank reported net interest income for the quarter to Rs 7,020 crore, from Rs 6,297 crore in Q2 FY24, up 11 per cent YoY.
Kotak Mahindra Bank Q2 profit rises 5% to Rs 3,344 cr
Kotak Mahindra Bank on Tuesday posted a marginal 5 per cent increase in its standalone profit to Rs 3,344 crore in the second quarter ended in September 2024. The private sector lender had recorded a net profit of Rs 3,
Kotak Mahindra bank posts 5% rise in Q2 profit
The standalone profit of Kotak Mahindra Bank for the quarter ended September 2024 has risen by 5 per cent to Rs 3,344 crore from Rs 3,191 crore in the corresponding period of last year. The total income of the bank has also been higher,
Kotak Mahindra Bank says ‘actively working’ on RBI directive about credit cards, digital customer acquisition
Kotak Mahindra Bank said that 30-40% of total slippages in Q2 FY25 came from the credit card portfolio, which is being closely monitored​.
Kotak Mahindra Bank to acquire Standard Chartered Bank’s personal loan book worth ₹ ₹4,100 crore
Kotak Mahindra Bank will acquire Standard Chartered Bank’s personal loan book worth ₹4,100 crore on October 18, 2024. This ...
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Kotak Bank To Acquire StanC India’s Personal Loan Portfolio
The wealth management arm of Kotak Mahindra Bank retained the top slot in India, boosting assets under management to $33.6 ...
Kotak Mahindra Bank to acquire personal loan book of Standard Chartered
As of September 30, Standard Chartered's personal loan book in India had an outstanding balance of Rs 4,100 crore ($488 ...
Kotak Bank to acquire StanChart India’s personal loan portfolio
Kotak Mahindra Bank acquires Standard Chartered Bank's personal loan book to strengthen retail credit market position.