
Why are ICICI Bank, Kotak Mahindra, YES Bank under stress today?
Kotak Mahindra Bank, YES Bank, and ICICI Bank reported robust growth in their June quarter earnings released on Saturday
Kotak Mahindra Bank, YES Bank, and ICICI Bank reported robust growth in their June quarter earnings released on Saturday
The penalty has been imposed for non-compliance with the directions issued by RBI.
Strength of institutions like the judiciary, regulators, police, government and Parliament will matter, says Kotak.
The bank’s approach to growth might seem conservative to a fault, but it is built to last.
The bank's net interest income increased 18% to ₹4,521 crore. Board recommends a dividend of ₹1.10 per equity share.
Kotak Mahindra Bank shares declined as much as 3.9% to ₹1,699.05 on the BSE amid report of stake sale by Canada Pension Plan Investment Board.
The BSE Sensex and Nifty50 closed lower on Wednesday, led by selling in bank and realty stocks such as Bajaj Auto, Maruti, M&M, HDFC, Kotak Mahindra Bank, and SBI.
All the sectoral indices , barring power, ended in the red; realty and PSU indices declined the most.
Ending the gaining streak of three sessions, the BSE Sensex and the NSE Nifty closed 1.3% lower each on Friday, led by strong selling across IT and tech space.
Reliance, Tata, Adani, SBI, Paytm, ITC, Amazon, Flipkart, Kotak Bank are all in the race to create that all-inclusive consumer experience in a single app.