Kotak Mahindra Bank Current Affairs, GK & News

CS Rajan: New CMD of IL&FS

CS Rajan has been appointed as the chairman of Infrastructure Leasing and Finance Ltd (IL&FS) and will take office after Uday Kotak’s term ends this week. CS Rajan has been appointed to this post for a period of six months. Overview: In September 2021, the government had extended the term of Uday Kotak by six ..

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USAID, DFC & Kotak Bank loan agreement for women & MSMEs in India

USAID (United States Agency for International Development) and USDFC (U.S. International Development Finance Corporation) are sponsoring a US $50 million loan portfolio guarantee to the Kotak Mahindra Bank (KMBL). Key Facts This agreement was signed in order to support increased access of finance for women borrowers as well as micro, small & medium enterprises (MSMEs) ..

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UDS acquires Majority Stake In Matrix Business Services

UDS, which is a facilities management provider has acquired a majority stake in Matrix Business Services, which operates in the business assurance and background verification segment. This acquisition includes buying out the entire 19.77% stake of Kotak Mahindra Investments and 2.67% of Mahindra & Mahindra Contech and the balance 52.56% from other shareholders, mainly from ..

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Kotak Bank unveils Debit Card-Based e-mandate On NPCI’s API Platform

Kotak Mahindra Bank has unveiled the first debit card-based authentication solution on National Payments Corporation of India’s e-Mandate API (Application Program Interface) platform. Kotak Mahindra Bank has become the first ever Destination Bank to go live with both Net Banking and Debit Card-based e-mandate authentication. The motive behind this is to allow Kotak customers to ..

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HDFC Bank tops Forbes’ list of Indian banks 2019

Forbes has recently compiled a first-ever list of the World’s Best Bank 2019 in terms of customer services and technological advancements. The private lender, HDFC Bank, was ranked at the top of the Forbes list of Indian banks, followed by ICICI Bank, DBS, Kotak Mahindra Bank and IDFC Bank. However, India’s largest public sector bank, ..

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Vikram Kirloskar new President of Confederation of Indian Industry (CII)

Vikram Kirloskar, the CMD of Kirloskar Systems Ltd, has taken charge as the new President of the Confederation of Indian Industry (CII). He succeeded Rakesh Bharti Mittal, Vice Chairman of Bharti Enterprises. Uday Kotak, the founder and MD & CEO of Kotak Mahindra Bank, is the President-Designate and T.V. Narendran, the CEO & MD of ..

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