Kotak Mahindra Bank Q3 results: Profit rises 7% to ₹4,265 cr; asset quality improves
Reacting to Q3 numbers, shares of Kotak Mahindra Bank rose as much as 3.6% to ₹1,829.50 crore, while m-cap increased to ₹3.6 lakh crore.
Reacting to Q3 numbers, shares of Kotak Mahindra Bank rose as much as 3.6% to ₹1,829.50 crore, while m-cap increased to ₹3.6 lakh crore.
The bankex index dropped over 4%, with index heavyweights HDFC Bank, Kotak Mahindra Bank, Axis Bank falling between 3-8%.
While digital is a given, over-emphasis on cutting-edge tech can inadvertently stretch operational resilience thin
The BFSI environment is more competitive than ever, with challenges—and opportunities—posed by digitisation place talent center stage.
The market cap of PNB crossed ₹1.01 lakh crore today after the shares of the PSU lender rose 2.1% to hit a fresh 52-week high of ₹91.81 intraday.
The private lender is seeking buyers for its ₹4,233 crore distressed loan, which comprises corporate loan portfolio of ₹3,091 crore and retail portfolio of ₹1,142 crore.
The central bank slapped fines of ₹90.92 lakh on Axis Bank, ₹42.78 lakh on Manappuram Finance, and ₹20 lakh on Anand Rathi Global Finance.
Post listing, ESAF SFB shares gained as much as 24.5% to hit a high of ₹74.7 on the BSE.
The IPO price band for ESAF SFB has been fixed at ₹57-60 per share, which will fetch ₹463 crore at the upper end of the issue price.
The issue was oversubscribed almost 4 times with bids of ₹15,907 crore against the base issue size of ₹4,000 crore, said SBI.