Kotak Mahindra Bank shares hit 52-week low on RBI's supervisory action
Shares of Kotak Mahindra Bank hit a 52-week low of ₹1,602 in opening trade on the National Stock Exchange (NSE).
Shares of Kotak Mahindra Bank hit a 52-week low of ₹1,602 in opening trade on the National Stock Exchange (NSE).
RBI says action was taken due to significant concerns arising out of Kotak Mahindra Bank's IT examination and 'continued failure' on part of the bank to address these
Employers are using reverse mentoring, open communication and customised skilling to realise the benefits of a generationally diverse workforce.
Back in November of the previous year, Switzerland-based Zurich Insurance Group had agreed to acquire a 51% stake in KMGIC for approximately ₹4,051 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.
Founder-CEO Uday Kotak resigned four months ahead of his retirement.
Zurich will acquire additional 19% stake in 3 years; deal marks “single largest investment” by global strategic insurer in an Indian non-life insurer
Kotak Mahindra Bank has reported 24% YoY rise in net profit at ₹3,191 crore for Q2 FY24, driven by improvement in net interest income and lower bad loans.
Kotak Mahindra Bank also acquires 6.12% stake in novel therapeutic products company NKURE
Uday Kotak’s Kotak Mahindra Bank stake makes him the richest in the BFSI category