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Amazon is offering discounts on purchases using ICICI Bank and Kotak Bank cards and EMI transactions.
Anindya Banerjee, VP – Currency Derivatives & Interest Rate Derivatives at Kotak Securities Ltd, said, “Market will be nervous going into Fed minutes tomorrow night.
Source: https://www.siasat.com/rupee-tumbles-22-paise-to-all-time-low-of-83-against-us-dollar-2494615/
In a significant development, Uday Kotak, the Founder and Promoter of Kotak Mahindra Bank, has officially stepped down from his role as Managing Director and CEO, effective September 1, 2023.
Source: https://www.ibtimes.co.in/uday-kotak-resigns-md-ceo-kotak-mahindra-bank-862165
In a significant development, Uday Kotak, the Founder and Promoter of Kotak Mahindra Bank, has officially stepped down from his role as Managing Director and CEO, effective September 1, 2023.
Source: https://www.ibtimes.co.in/uday-kotak-resigns-md-ceo-kotak-mahindra-bank-862165
Kotak Mahindra Bank is one of India's leading private sector lenders.
Kotak Mahindra Bank’s gross bad loans as a percentage of total loans – a key measure of asset quality – was at 1.90% at the end of December, versus 2.08% at the end of September.
The appointment is subject to shareholders’ approval, Kotak Mahindra Bank said in a statement.
"The continued moderation in core inflation should provide respite to the RBI, which should keep them on a prolonged pause mode," said Upasna Bhardwaj, chief economist at Kotak Mahindra Bank.
When Kotak tendered his early resignation, a move that caught everyone unawares on September 2 (with effect from a day earlier), the market didn’t take it kindly.