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Deutsche Bank Sells India Retail Banking Business to Kotak Mahindra

By Uniquetimesorg June 30, 2026 0

Deutsche Bank has agreed to sell its retail banking and wealth management business in India to Kotak Mahindra Bank as part of its strategy to streamline operations and focus on core businesses. Kotak Mahindra said the acquisition is valued at approximately $30 million and will strengthen its presence in India’s retail and wealth management segments. […]Continue Reading

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StanChart Weighs Kotak, Federal Bids for 600,000 Credit Card Customers in India

By Uniquetimesorg March 18, 2026 0

Standard Chartered is reviewing final offers from Kotak Mahindra Bank and Federal Bank to sell a portfolio of up to 600,000 credit-card-only customers in India. The move is part of the bank’s strategy to streamline operations and reduce focus on single-product clients. The potential deal follows Standard Chartered’s broader effort to offload non-core assets and […]Continue Reading

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Kotak Mahindra Bank Denies Submitting Financial Bid for IDBI Bank Stake Sale

By Uniquetimesorg February 7, 2026 0

Kotak Mahindra Bank on Saturday clarified in an exchange filing that it has not submitted a financial bid for the proposed stake sale in IDBI Bank, countering a media report that had listed the lender among potential bidders. The clarification follows a report by Reuters suggesting that the private sector bank was in the race […]Continue Reading

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Kotak Mahindra Bank Q3 Profit Rises 4.2%, Misses Market Estimates

By Uniquetimesorg January 24, 2026 0

Kotak Mahindra Bank reported a 4.2% rise in its standalone net profit for the third quarter ended December, supported by steady loan growth and lower provisions for potential bad loans on a sequential basis. India’s third-largest private lender by market capitalisation posted a profit of ₹34.46 billion, according to a Reuters report released on Saturday. […]Continue Reading

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Kotak Mahindra Bank Sets January 14, 2026 as Record Date for 1:5 Stock Split

By Uniquetimesorg December 29, 2025 0

Kotak Mahindra Bank shares were in focus after the lender announced January 14, 2026, as the record date for its proposed stock split. The move will determine eligible shareholders whose equity shares will be subdivided. The stock closed at ₹2,161.70 on Friday, valuing the bank at a market capitalisation of about ₹4.30 lakh crore. Earlier, […]Continue Reading

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RBI Fines ICICI Bank, Kotak Mahindra Bank For Failing To Report Fraud

By uniquetimes October 21, 2023 0

The Reserve Bank of India (RBI) has announced that ICICI Bank has been fined ₹ 12.19 crore for breaching regulations concerning the bank’s directors’ code of conduct and failure to report frauds within the stipulated timeframe. According to the RBI, its inspection reports revealed that ICICI Bank had granted loans to companies where two of […]Continue Reading