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RBI UDAY KOTAK
Ashok Vaswani to step down as Kotak Mahindra Bank MD & CEO; bank begins search for successorIn a surprising announcement, Ashok Vaswani, CEO and Managing Director at Kotak Mahindra Bank, has decided to step down on December 31, 202...- MPC's repo rate pause will help stabilise growth: SBI chairmanState Bank of India Chairman CS Setty anticipates a Reserve Bank of India interest rate pause to foster stable growth. He highlighted India...
- Uday Kotak wants his own soldiers for the top job at Kotak Mahindra Bank; RBI call in focusUday Kotak’s sudden resignation on Saturday took the investor community by surprise. Kotak Mahindra Bank, with a market cap of `3.51 lakh c...
- As Uday Kotak vacates the corner office at Kotak Mahindra Bank, RBI plays hardball on successor nodIn a handwritten letter, accessed by TOI, addressed to the bank's chairman, Prakash Apte, Uday Kotak stated, "I have mulled over this decis...
- Kotak Mahindra Bank refutes media reports, says no RBI communication yet on CEO successionPrivate lender Kotak Mahindra Bank refuted claims made in a news report which claimed the Reserve Bank of India wanted the bank to select s...
- Kotak Bank 'achieves compliance' with promoter stake reduction requirementEarlier in February this year, the bank had informed that the RBI had given its approval in relation to dilution of promoters' shareholding...
- Kotak Mahindra Bank rallies over 7% as promoter cuts stake to meet RBI normsThe price band for the share was fixed at Rs 1,215 to Rs 1,240 apiece, PTI reported.
- RBI may raise promoter holding cap in private banksRBI has been reworking the shareholding norms to ensure parity among all players.
- Kotak Bank promoter’s voting rights capped at 20% till March 31, 15% beyond that dateThe promoters held 29.96 per cent stake in the bank as of December 31 last year.
- Bombay High Court will hear Kotak Bank’s plea against RBI on March 6“Due to paucity of time the matter is adjourned to March 6,” said the division bench in its order, further adding, “In case any ad-interim/...
- RBI imposes Rs 2 crore penalty on Kotak Mahindra BankThe Central Bank said that the action is based on the deficiencies in regulatory compliance.
- Asia's richest banker Uday Kotak gets richer amid five-year tussle with RBIThe founder of Mumbai-based Kotak Mahindra Bank Ltd. has seen his wealth nearly triple since March 2014.
- Promoter stake case: HC refuses interim relief to Kotak BankThe development led to a fall in Kotak’s share price on Monday.
- RBI board's decisions to be positive for economy: Uday KotakAfter a nine-hour meeting held on Monday, the board took a slew of steps including a restructuring scheme for MSME borrowers with credit fa...
- Uday Kotak reduces stake in Kotak Mahindra Bank to below 30%The shares were sold to a diverse range of domestic and foreign investors.
- Uday Kotak sells 1.5% stake in Kotak Mahindra BankThe stake sale by Uday Kotak, Vice Chairman and Managing Director of the private sector lender, is part of an effort to comply with RBI's d...
- RBI extends deadline for Kotak Mahindra Bank promoters to reduce stakeAs per BSE data, promoter shareholding in Kotak Mahindra Bank as on December 31, 2016 stood at 33.61 per cent.
- Expect 50 bps rate cut in next six months: Uday Kotak, Kotak Mahindra Bank“Let us wait and watch what batting technique the governor wants to deploy in his first policy and keep in mind that this is not just a RBI...
- Expect rate cuts by RBI in calendar 2015: Uday Kotak, Kotak Mahindra Bank"India has a great opportunity to pace itself steadily and build more sustainable growth rather than a quick up and quick down."
- May see some rate action from RBI in H1 of 2015: Uday Kotak, Kotak Mahindra BankI would still be of the view that sometime in the first half of 2015 calendar, we could see a rate action from the RBI.
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