Kotak Mahindra Bank
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. ..
Month: Current Affairs - March, 2022
Category: Awards, Honours & Persons in News
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 ..
Month: Current Affairs - August, 2021
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 ..
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 ..
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 ..
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 ..
Private Sector Banks in India
Private Sector Banks refer to those banks where most of the capital is in private hands. In India, there are two types of private sector banks viz. Old Private Sector Banks and New Private Sector Banks. Old private sector banks ..
Kotak Mahindra-ING Vysya merger gets shareholders nod
Private sector Kotak Mahindra Bank has received its shareholders nod for merger of Bengalaru-headquartered ING Vysya Bank with itself. It was approved by the 99.30 per cent in number representing 99.93 per cent in value of the shareholders present. This ..