Kotak Mahindra Bank Limited (NSE:KOTAKBANK) reported Q1 FY27 net profit up 16–26% as lower credit costs, healthy loan growth and tight cost control boosted earnings, while appointing V. Jayasankar and Sourav Mallik as co-CEOs/MDs of Kotak Investment Banking and Ramesh Srinivasan as non-exec vice ch…
New Delhi, July 29 -- Juniper Green Energy has raised Rs.539.4 crore from anchor investors ahead of its initial public offering (IPO), which opens for public subscription on Thursday, July 30, 2026.According to a circular uploaded on the BSE website on Wednesday, the company allotted 2.40 crore equ…
New Delhi, July 29 -- Persistent Systems, an Indian technology services company, had an eye on the German firm Nagarro for a few years.The digital engineering firm with over 300 customers in Europe first came into the limelight after private equity player Warburg Pincus explored a potential buyout…
New Delhi, July 29 -- The US-Iran conflict, coupled with the Russia-Ukraine war, has disrupted global peace and supply chains and raised oil and gas prices. This has resulted in serious underperformance in the Indian equity markets.Against this backdrop, fixed deposits (FDs) continue to remain a pr…
Kotak Mahindra Bank (NSE:KOTAKBANK) saw CEO Ashok Vaswani resign after 3.5 years as the bank reports strong growth—advances +15% QoQ, deposits +12%, NII +9%—while trimming staff via AI/digitisation, raising one‑year MCLR to 8.45% and cutting provisions and NPAs.Previous Week Recap This…
Profit after tax grew 23% year-on-year, with strong asset and deposit growth, stable margins, and robust subsidiary performance. Strategic acquisition of Deutsche Bank's India retail and wealth businesses is expected to be ROE accretive. Asset quality and capital ratios remain strong.Based on Kotak…
Consolidated PAT grew 23% year-over-year to ₹5,480 crore, with robust performance across banking, capital markets, insurance, and asset management. Asset quality improved, cost ratios declined, and digital initiatives drove customer growth.Original document: Kotak Mahindra Bank Limited [KOTAKBANK…
Consolidated net profit rose to ₹5,480.46 crore, with strong growth in total income and operating profit year-over-year. Segment revenues were led by retail banking and insurance, while the Bank announced a major acquisition and continued to maintain robust asset quality and capital ratios.Original…
Nomura said loan growth momentum remained intact for Indian banks in the June quarter, with HDFC Bank, Axis Bank, Kotak Mahindra Bank, IndusInd Bank and IDFC First Bank reporting healthy business updates despite widening differences in growth across lenders.The brokerage reviewed provisional Q1FY27…
By Bharath Rajeswaran and Vivek Kumar MIndian shares advanced on Monday, led by HDFC Bank and Axis Bank on strong quarterly business updates, while lower crude oil prices also aided sentiment.The benchmark Nifty 50 NSE:NIFTY rose 0.48% to 24,385.4, while the BSE Sensex BSE:SENSEX added 0.5% to 78,1…
Kotak Mahindra Bank (NSE:KOTAKBANK) shows steady FY26 momentum with corporate loans up 22% and consumer loans up 14%, delivering near-industry loan growth while trading at ~20.7x trailing EPS; management likely to appoint an internal CEO successor amid a strong leadership pipeline and prudent lendi…
Kotak Mahindra Bank Ltd NSE:KOTAKBANK:
Brokers kept Buy/Outperform on Kotak Mahindra Bank (KOTAKBANK), setting targets Rs 440–460 and citing expected effects on loans, deposits and profits.Kotak Mahindra Bank (KOTAKBANK
Deutsche Bank AG DB has entered into a definitive agreement to sell its retail banking, affluent private banking and wealth management business in India to Kotak Mahindra Bank ("Kotak"). The agreement follows earlier reports regarding the proposed transaction and marks another step in DB's Global H…
Prabhudas Lilladher's research report on Kotak Mahindra BankKMB Kotak Bank (KMB) has acquired Deutsche Bank’s (DBAG) retail banking, private banking and wealth management business in India as a going concern on a slump sale basis. KMB to pay in cash (a) total purchase consideration of INR 2.82bn an…
The markets were surprised by Ashok Vaswani’s decision to step down from Kotak Mahindra Bank, whose shares slid over 3% on the first trading day after the announcement.But many insiders saw the signs as early as January this year, when the bank onboarded 55-year-old Anup Saha as an executive direct…
Several stocks are likely to remain in focus on July 1 amid key corporate developments, including regulatory updates, acquisitions, merger proposals, project wins and real estate expansion.Escorts Kubota gained 3% after reporting robust sales for June 2026. The company's Agri Machinery Business sol…
Shares of Kotak Mahindra Bank Ltd rose in early trade on July 1 after multiple brokerages maintained their bullish stance following the lender's announcement that it will acquire Deutsche Bank India's retail banking, affluent private banking and wealth management business.The stock gained 0.92 perc…
Indian shares are likely to open higher on Wednesday, snapping a two-session losing streak, though caution may persist as a lack of progress in U.S.-Iran peace negotiations keeps geopolitical risks elevated.The GIFT Nifty futures (.GIFc1) were trading at 23,982, indicating that benchmark Nifty 50 N…
US Markets | The Dow Jones Industrial Average was largely unchanged on Tuesday as oil prices held above $70 per barrel. The Dow Jones Industrial Average rose 53 points, or 0.1%, while the S&P 500 gained 0.2%. The Nasdaq Composite advanced 0.5%.US-Iran Talks| Iran’s Foreign Ministry spokesperson sai…
