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Kotak Mahindra, Reserve Bank of India
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 reports 5% rise in standalone net profit
Despite higher provisions, the bank's net interest income rose 11% to Rs 7,020 crore. Meanwhile, provisions for the quarter were at Rs 660 crore, up 80%.
Kotak Mahindra Bank's Robust Quarterly Growth Amid Challenges
Kotak Mahindra Bank reported a 13% rise in quarterly profit, reaching Rs 5,044 crore, driven by its subsidiaries' performance. While standalone profit grew 5%, provisions limited gains. The bank experienced a rise in unsecured loan slippages,
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 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 million).
StanChart India sells Rs4,100-cr personal loan portfolio to Kotak Mahindra Bank
Standard Chartered Bank, India (StanChart) is selling around Rs4,100 crore ($490 million) of outstanding personal loans to Kotak Mahindra Bank Ltd (KMBL).
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 move aligns with Standard Chartered's focus on wealth growth, while Kotak aims to enhance its retail lending segment.
Kotak Bank to acquire the Rs 4,100 crore personal loan book of StanChart Bank
Kotak Mahindra Bank will acquire the personal loan book of Standard Chartered Bank India, worth Rs 4,100 crore, in an effort to expand its retail lending business. The proposed deal will consist of loans classified as 'Standard Loans', and is expected to be completed over next three months, subject to regulatory approvals.
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 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
Kotak Mahindra Bank to buy StanC India's Rs 4,100-crore personal loan book
Kotak Mahindra Bank on Friday announced that it will be acquiring foreign lender Standard Chartered Bank's Rs 4,100-crore personal loan portfolio for an undisclosed sum. The private sector bank will be picking up the entire quantum of the foreign lender's personal loans classified as "standard advances" and the transaction is expected to be
14h
on MSN
Q2 Results Today: HDFC Bank, RBL Bank, Kotak Mahindra Bank, 19 others to declare Q2 results 2024 on Saturday — Oct 19
From established names like HDFC Bank and Tech Mahindra to emerging players like Achyut Healthcare and Nutraplus India, ...
Fortune India
1d
Kotak Bank to acquire Standard Chartered's India personal loan book for ₹4,100 cr
Kotak Mahindra Bank says Standard Chartered Bank's high-quality loan book allows it to build on its strength in affluent ...
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