Tag Archives: Kotak Mahindra Bank

Northern Arc Capital gets Rs 40 crore from Kotak Mahindra Bank

KOLKATA: Non-bank lender Northern Arc Capital has received Rs 40 crore of debt from Kotak Mahindra Bank , the company announced Monday. The facility is backed by partial guarantees from Michael & Susan Dell Foundation and Rockefeller Foundation. The transaction … Continue reading

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Kotak Mahindra Bank launches Micro ATMs across India

To deliver essential banking services conveniently to a larger section of consumers living in relatively far-off areas, private lender Kotak Mahindra Bank Ltd on Tuesday announced the launch of Micro ATMs across the country. Customers of all banks who possess … Continue reading

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Cyril Shroff ropes in business luminaries like Narayana Murthy, Deepak Parekh, Uday Kotak and others for a

MUMBAI: Cyril Amarchand Mangaldas, the country’s largest law firm, has constituted a high profile external advisory board that will advise the firm on strategic, policy and governance related issues. The board is composed of NR Narayana Murthy, cofounder of Infosys; … Continue reading

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Goafest debates: Is the client a bystander or a partner in scam ads

GOA: One unexpected and a slightly delayed outcome of the recent Ford-JWT imbroglio has been the debate — and there is plenty of it happening on the social media and informal chats – on the role of the client in … Continue reading

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Banks relieved with MIP benefits for steel firms

MUMBAI: Several state-run and private banks can heave a sigh of relief, thanks to government’s Minimum Import Price (MIP) for steel which has boosted sales for domestic firms. The cash flows that have improved phenomenally for some steel companies have … Continue reading

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Jewellery demand picks up as gold prices witness a fall

Jewellery demand has picked up as gold prices have fallen to about Rs 44,000 per 10 gm, but investment demand has dried up as investors are parking funds in equity markets in hope of better returns, said, industry executives. Jewellers … Continue reading

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Financial service companies are now betting big on data

MUMBAI: Many banking, financial services and insurance (BFSI) players have turned data worshippers. Data can precisely map demographics, inpidual preferences and financial tendencies that help risk projection and customer relationship management. And the field is vast and perse from private … Continue reading

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HR Khan to take charge of microfinance code from December

KOLKATA: Reserve Bank of India‘s former deputy governor HR Khan will take charge as the first chairman of the steering committee of Code for Responsible Lending (CRL) in microfinance on December 1, a person familiar with the development said. MFIN … Continue reading

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Government extends term of Uday Kotak as IL&FS chairman by one year

NEW DELHI: The government on Wednesday extended the term of Uday Kotak as non-executive chairman of debt-ridden IL&FS group by one year. The government through a gazatte notification extended term of Kotak, who is managing director and chief executive officer … Continue reading

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Kotak bucks trend records deposit inflow

Mumbai: Private lender Kotak Mahindra Bank said it’s deposits grew by over Rs 27,000 crore in a quarter when peer banks IndusInd and RBL saw outflows of 8-10% in their liabilities. Kotak added Rs 12,871 crore to its savings deposits … Continue reading

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