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Latest news about Kotak Bank

Kotak Mahindra Bank Sees Significant Block Trade on NSE 5 hours ago Today

A significant block trade of approximately 440,164 Kotak Mahindra Bank shares was executed on the National Stock Exchange (NSE), valued at Rs. 96.08 crores. The transaction occurred at Rs. 2,182.80 per share, reflecting current market valuations. This large-scale trade, typically indicative of institutional activity, may influence short-term price movements and is being closely watched by market participants.

Kotak Mahindra Bank Sees Significant Block Trade Worth ₹44.38 Crore 4 days ago

Kotak Mahindra Bank Sees Significant Block Trade on NSE 5 days ago

Kotak Mahindra Bank Revises Fixed Deposit Rates: New Rates Up to 7.10% for Senior Citizens Jun 10, 2025

Kotak Mahindra Bank Strengthens Leadership: Srishti Sethi Appointed as New Group Chief Risk Officer Jun 09, 2025

More news about Kotak Bank

31May 25

Kotak Mahindra Bank Announces Leadership Transition: Deputy MD Shanti Ekambaram to Retire in 2025

Kotak Mahindra Bank has announced that Deputy Managing Director Shanti Ekambaram will retire on October 31, 2025, after over 30 years with the group. Paritosh Kashyap, currently Group President, is set to be appointed as a Whole-time Director, subject to regulatory approval. This early announcement allows for a smooth transition and demonstrates the bank's commitment to succession planning.

12May 25

Kotak Mahindra Bank Announces Major Changes to Credit and Debit Card Services

Kotak Mahindra Bank announced major changes to its credit and debit card services effective 2025. Credit card changes, starting June 1, 2025, include new reward limits, reduced redemption values, 1.00% transaction fees on select categories, higher fuel surcharge waiver thresholds, and increased finance charges. Debit card insurance benefits, including personal accidental death cover, lost baggage cover, purchase protection, air accident insurance, and lost card liability, will be discontinued from July 20, 2025. Claims filed before the deadline will be honored under current terms. These changes may significantly impact cardholders' benefits and costs, requiring customers to reassess their card usage and explore alternative solutions.

06May 25

Kotak Mahindra Bank Shares Tumble 4.6% on Q4 Earnings Miss and Downgrades

Kotak Mahindra Bank's shares dropped 4.6% following the release of its Q4 FY2024-25 results. The bank reported a 14% year-on-year decline in standalone profit after tax to ₹3,551.70 crore, falling short of expectations. Despite a 9.30% increase in revenue to ₹16,712.20 crore, operating profit remained nearly flat. The disappointing results led to downgrades from major brokerages like BofA Securities and CLSA, citing limited upside potential and concerns about growth and profitability.

05May 25

Kotak Mahindra Bank: Q4 Profit Drops 14% Due to Microfinance Challenges

Kotak Mahindra Bank's Q4 FY23 net profit decreased by 14% year-on-year to ₹3,551.70 crore, primarily due to challenges in the microfinance sector. The bank launched new mobile banking apps post a technology embargo. CEO Ashok Vaswani outlined a growth strategy targeting 1.5 to 2 times the nominal GDP growth rate. Despite challenges, asset quality improved with GNPA ratio decreasing to 1.42% and NNPA ratio improving to 0.31%. Total revenue increased by 9.34% to ₹16,712.20 crore.

03May 25

Kotak Mahindra Bank Reports Q4 Net Profit Decline, Improved Asset Quality, and Stable Personal Loan Performance

Kotak Mahindra Bank's Q4 FY2024-25 results show a decrease in net profit to ₹3,550.00 crore, down from ₹4,130.00 crore last year, due to higher provisions. However, the bank reported improved asset quality with GNPA ratio decreasing to 1.42% and NNPA ratio improving to 0.31%. Operating profit surged by 200.27% to ₹6,038.10 crore. The bank announced a dividend of ₹2.50 per share. CEO Ashok Vaswani noted stable performance in personal loans and easing stress in the credit card business. The bank has also lifted the RBI's technology embargo and strengthened its digital capabilities.

02May 25

Kotak Mahindra Bank: Q4 Results Expected to Show Weak Growth and Profit Decline

Kotak Mahindra Bank will announce its Q4 and FY25 financial results on May 3. Analysts project a slowdown in growth and a potential decline in profits. Key expectations include a 7.60% YoY growth in Net Interest Income (slowest in 14 quarters), a 9.50% YoY decline in standalone Profit After Tax, 5.50% YoY deposit growth, and 6.00% YoY loan growth. Net Interest Margins are expected to decline YoY but remain stable QoQ. Investors will focus on the CASA ratio, slippages from unsecured loans, growth strategies, and asset quality management.

25Apr 25

Kotak Mahindra Bank: Savings Account Interest Rate Cut, Credit Card Revamp, and Q4 Earnings Call

Kotak Mahindra Bank has announced multiple changes effective from April 25, 2025. The bank is reducing savings account interest rates for balances between ₹5 lakh and ₹50 lakh to 4.75% p.a. from 5.00%. The Royale Signature Credit Card will undergo significant changes from June 1, 2025, including modifications to fuel surcharge waiver, reward points system, redemption value, lounge access, interest rates, and new fees. Additionally, the bank has scheduled its Q4 FY2025 earnings conference call for May 3, 2025, at 5:15 p.m. (IST) to discuss consolidated and standalone audited financial results.

25Apr 25

Kotak Mahindra Bank Announces Q4 and FY2025 Results Date

Kotak Mahindra Bank will release its Q4 and FY2025 financial results on May 3, 2025, followed by an earnings conference call at 5:15 p.m. IST. Analysts expect a 11.20% year-on-year decrease in net profit to ₹3,669.00 crore and a 7.00% increase in Net Interest Income to ₹7,414.00 crore. The bank's stock recently hit an all-time high of ₹3,301.00. Investors can access the call via universal dial-in numbers or pre-registration.

23Apr 25

Kotak Mahindra Bank Shares: Two Large Block Trades Executed on NSE

Two significant block trades of Kotak Mahindra Bank shares were executed on the NSE, totaling 301,433 shares worth approximately Rs. 68.08 crores. The first trade involved 151,130 shares at Rs. 2,257.30 per share, while the second trade comprised 150,303 shares at Rs. 2,260.10 per share. These large transactions suggest potential institutional activity or major stakeholder movements, which may influence short-term trading patterns.

15Apr 25

Kotak Mahindra Bank: Large Block Trade on NSE and Upcoming Board Meeting

Kotak Mahindra Bank witnessed a significant block trade of 309,192 shares valued at 65.17 crore on the NSE at 2,107.90 per share. The bank has scheduled a board meeting for May 3, 2025, to approve financial results and consider dividend recommendation. The trading window for the bank's securities closed on April 1, 2025, and will reopen 48 hours after the financial results are declared.

15Apr 25

Kotak Mahindra Bank: Board Meeting Set for Q4 Results and Dividend Considerations

Kotak Mahindra Bank has scheduled a board meeting for May 3, 2025, to review financial results and consider dividend recommendations. The bank also reported a significant block trade of 309,192 shares valued at ₹65.17 crores on the NSE. A trading window closure is in effect from April 1, 2025, until 48 hours after the financial results are declared.

09Apr 25

Kotak Mahindra Bank Slashes FD Rates Following RBI's Repo Rate Cut

Kotak Mahindra Bank has announced a reduction in fixed deposit interest rates by up to 15 basis points across select tenures, effective April 9, 2025. This move follows the Reserve Bank of India's decision to lower the repo rate by 25 basis points to 6.00%. The new FD rates for regular depositors will range from 2.75% to 7.30%, while senior citizens will receive rates between 3.25% and 7.80%. The bank continues to offer preferential rates to senior citizens with an additional 50 basis points over regular rates across all tenures.

02Apr 25

Uday Kotak Alerts Public to Fake AI-Generated Investment Scheme Video

Uday Kotak, founder of Kotak Mahindra Bank, has alerted the public about a deceptive AI-generated video circulating on social media. The video falsely shows Kotak endorsing an investment scheme with guaranteed returns. Kotak emphasizes that the content is entirely fabricated and urges people to be cautious. The incident highlights the growing challenge of deepfake videos in financial fraud and the need for increased digital literacy and verification mechanisms.

25Mar 25

Kotak Mahindra Bank Sees Massive Block Trade: Over 1 Million Shares Change Hands

A significant block trade of 1,011,558 Kotak Mahindra Bank shares occurred on the National Stock Exchange, valued at ₹222.49 crores. The shares were traded at ₹2,199.45 per share. This large-scale transaction indicates notable investor activity in one of India's leading private sector banks, potentially signaling shifts in institutional holdings or strategic moves by large investors.

25Mar 25

Kotak Mahindra Bank Sees Major Block Trade: Rs. 65.83 Crore Transaction on NSE

A significant block trade of 300,080 shares of Kotak Mahindra Bank was executed on the National Stock Exchange at Rs. 2,193.90 per share, totaling Rs. 65.83 crore. This large transaction demonstrates the bank's market liquidity and investor interest, potentially signaling institutional activity and influencing market sentiment towards the stock.

25Mar 25

Kotak Mahindra Bank Sees Rs. 18 Crore Block Trade on NSE

A block trade of 81,954 shares of Kotak Mahindra Bank was executed on the National Stock Exchange at Rs. 2,196.75 per share, totaling Rs. 18.00 crores. This large, privately negotiated transaction highlights continued institutional interest in the bank's stock.

24Mar 25

Kotak Mahindra Bank Sees Significant Block Trade; Announces Investor Meeting

Kotak Mahindra Bank witnessed a significant block trade on the NSE involving 284,076 shares at ₹2,162 per share, totaling ₹61.42 crore. The bank also announced an upcoming investor meeting, the Jefferies India Group Meeting, scheduled for March 26, 2025, in Mumbai. This announcement was made in compliance with SEBI regulations.

24Mar 25

Kotak Mahindra Bank Soars to 52-Week High on Key Leadership Appointments

Kotak Mahindra Bank's share price surged over 3% to a new 52-week high following two strategic leadership appointments. Bhavnish Lathia was named Chief Technology Officer, while Vyomesh Kapasi joined the Group Management Council. These appointments are seen as moves to enhance the bank's technological capabilities and management strength, reflecting positively on its stock performance. The market's reaction indicates strong investor confidence in the bank's future growth and innovation potential.

22Mar 25

Kotak Mahindra Bank Strengthens Leadership Team with Key Appointments and Restructuring

Kotak Mahindra Bank has announced significant changes to its leadership structure. Bhavnish Lathia has been appointed as the new Chief Technology Officer. The bank expanded its Group Management Council by adding Vyomesh Kapasi. Several executives have been recognized as senior management personnel, including Pranav Mishra, Phani Shankar, SK Honnesh, Anupam Kaura, Rohit Bhasin, and Rajiv Mohan. These appointments bring diverse expertise to leadership roles and aim to strengthen the bank's technological capabilities and streamline operations across various divisions.

21Mar 25

Kotak Mahindra Bank Set to Attract $155.20 Million Inflow Following FTSE All World Index Weight Upgrade

Kotak Mahindra Bank has been upgraded in the FTSE All World Index, potentially attracting $155.20 million (₹13.10 billion) in foreign investment. This upgrade reflects the bank's growing importance in the global investment landscape and could lead to increased demand for its shares.

13Mar 25

Kotak Mahindra Bank Sees Block Trade of 135,245 Shares Amidst Upcoming Investor Meetings

Kotak Mahindra Bank witnessed a block trade of 135,245 shares valued at Rs. 26.84 crores on the NSE. The bank has also announced a series of investor meetings scheduled for March 18-19, 2025, including events with BofA, Elara Financials, and a group meeting in Mumbai.

12Mar 25

Kotak Mahindra Bank Sees Block Trade of 1.53 Lakh Shares; Announces Investor Meetings

Kotak Mahindra Bank witnessed a significant block trade of 153,163 shares valued at Rs. 30.27 crores on the NSE. The bank also announced a series of investor meetings scheduled for March 18-19, 2025, including events with BofA India Financials, Elara Financials, and a group meeting in Mumbai.

11Mar 25

Kotak Mahindra Bank Sees Significant Block Trade: 116,423 Shares Change Hands

A significant block trade of 116,423 shares of Kotak Mahindra Bank Ltd. occurred on the National Stock Exchange at ₹1,921.45 per share, totaling ₹22.37 crores. This large transaction highlights substantial investor activity in the stock, though it may not necessarily reflect broader market sentiment or the bank's fundamental outlook.

07Mar 25

Kotak Mahindra Bank: Block Trade of 100,928 Shares Executed, Investor Meeting Scheduled

Kotak Mahindra Bank witnessed a significant block trade on NSE involving 100,928 shares at Rs. 1,920.15 per share, totaling Rs. 19.38 crores. The bank also announced its participation in the Morgan Stanley India Financials Investor Group Trip on March 13, 2025, in Mumbai. This disclosure was made in compliance with SEBI regulations.

21Feb 25

Kotak Mahindra Bank Reshuffles Leadership with Key Appointments

Kotak Mahindra Bank has announced key leadership changes. Vyomesh Kapasi is appointed as Head of Products for Consumer Bank division, while Shahrukh Todiwala becomes Managing Director and CEO of Kotak Mahindra Prime. These appointments signal a strategic focus on enhancing consumer banking products and strengthening lending services. The bank will also participate in the IIFL 16th Enterprising India Conference 2025 on February 25, 2025, in Mumbai, to meet with investors.

20Feb 25

Kotak Mahindra Bank Reshuffles Leadership, Appoints New Heads for Consumer Bank and Kotak Mahindra Prime

Kotak Mahindra Bank has appointed Vyomesh Kapasi as Head of Products for Consumer Bank and Shahrukh Todiwala as MD and CEO of Kotak Mahindra Prime. These appointments aim to strengthen the bank's consumer banking and financial services divisions. The bank will also participate in the IIFL 16th Enterprising India Conference 2025 in Mumbai on February 25, 2025.

20Feb 25

Kotak Mahindra Bank Sees Major Block Trade: Rs. 59.05 Crore Deal on NSE

A significant block trade of 300,487 shares of Kotak Mahindra Bank Ltd. occurred on the National Stock Exchange at Rs. 1,965.00 per share, totaling Rs. 59.05 crores. This large transaction indicates substantial investor activity in the stock and may potentially impact the bank's stock price and trading volumes.

20Feb 25

Kotak Mahindra Bank Shares See Massive Rs. 100 Crore Block Trade on NSE

A significant block trade of approximately 507,012 Kotak Mahindra Bank shares was executed on the National Stock Exchange (NSE) at Rs. 1,972.50 per share, totaling Rs. 100.01 crores. This large transaction represents a substantial portion of the bank's daily trading volume and may influence the stock's price and investor sentiment. Block trades of this size are often indicative of institutional investor activity or large stakeholder movements.