Facing a RBI ban on tech related loopholes, the newly appointed chief of Kotak Mahindra Bank, Ashok Vaswani in his maiden annual letter to shareholders has said that technology will be at the centre of the lender’s efforts to transform and scale further. Addressing the RBI order Vaswani added that the bank had much more …
MUMBAI:Kotak Mahindra Bank Ltd has found itself dragged into the midst of the Hindenburg Research-Adani Group storm with the US short-seller in its latest salvo accusing India’s market regulator of trying to shield the private bank and other Indian entrepreneurs. Hindenburg was responding to a show-cause notice from the Securities and Exchange Board of India …
/photos/market/stocks/hindustan-zinc-zomato-and-more-stocks-to-watch-on-july-3-19437130.htm Copied 0 Hindustan Zinc | Vedanta Group firm released its Q1 business update, showcasing a mixed performance across various production metrics. It reported a mined metal production of 263 kilo tonnes, marking a 2% increase year-on-year but a 12% decrease quarter-on-quarter. Saleable metal production stood at 262 kilo tonnes, up 1% rise YoY and …
Mumbai: Kotak Mahindra Bank on Tuesday said joint managing director KVS Manian has stepped down to “pursue other opportunities in the financial services sector”, barely a week after the Reserve Bank of India (RBI) put business restrictions on the private-sector lender. A wholetime director, Manian was re-designated joint managing director effective 1 March. Manian, an …
After rising about half a per cent last week, domestic market benchmark Nifty 50 fell over half a per cent in intraday trade on Monday, March 11, with some of the banking heavyweights, including HDFC Bank, ICICI Bank and SBI, among the top drags. The Nifty 50 formed a small bullish candle last week and …
Ashok Vaswani, the newly-appointed managing director and chief executive of Kotak Mahindra Bank, on Monday announced some key leadership changes by elevating K V S Manian as joint managing director and Shanti Ekambaram as the deputy managing director. File photo of Kotak Mahindra Bank branch in Mumbai. {{^userSubscribed}} {{/userSubscribed}} {{^userSubscribed}} {{/userSubscribed}} “These key leadership changes …
Mumbai: Private sector lender Kotak Mahindra Bank announced significant leadership changes on Monday, including re-designating whole-time director KVS Manian as the joint managing director effective 1 March. Manian, an alumnus of the Indian Institutes of Technology (BHU) – Varanasi, with a degree in electrical engineering and a postgraduate in financial management from Jamnalal Bajaj Institute …
Also Read: Nifty 50, Sensex today: What to expect from Indian stock market in trade on January 20 On Friday’s trading session buying in various sectors led by positive global cues helped the Nifty 50 and the Sensex end with strong gains. Compared to the benchmarks, midcaps and smallcaps had better gains. When compared to the Smallcap …
Conservative investors often invest large sums in fixed deposits to earn assured returns on a regular basis, insulated from wild volatility of markets. Besides regular FDs, investors also explore tax-saving fixed deposits (FDs) for earning higher interest while also saving some money via tax exemption. It is imperative to know that the tax deduction under …
Billionaire Uday Kotak, founder and director of Kotak Mahindra Bank, has called on corporate houses to shift away from traditional banks to capital markets (debt and equity) as one of the mantras to help India achieve its goal of 9% annual growth and a $30 trillion GDP by 2047. In a recent post on X …