India’s budget for 2026-27, presented by Union Finance Minister Nirmala Sitharaman on Sunday, drew attention from business leaders across the country. Uday Kotak, founder of Kotak Mahindra Bank, took to X (formerly Twitter) to share his thoughts, describing it as a “budget for the real economy.” While noting the overall fiscal discipline, Uday Kotak highlighted […]
KMB’s management expects margin to improve slightly in Q4 due to last quarter seasonality effect | Photo Credit: REUTERS Fourth-largest private lender Kotak Mahindra Bank (KMB) on Saturday reported its Q3FY26 net profit at ₹3,446 crore, up 4 per cent year-on-year (y-o-y), led by modest growth in core income. The bank’s net interest income (NII) […]
Deutsche Bank AG’s India retail assets and wealth management have drawn binding bids from Kotak Mahindra Bank Ltd. and Federal Bank Ltd., according to people familiar with the matter, as the local lenders pounce on opportunities from foreign players seeking to exit the crowded banking market. Deutsche Bank’s India assets that are up for grabs […]
Kotak Mahindra Bank Ltd., a house that Uday Kotak built with a little help from Anand Mahindra, has completed 40 years of operations today—from ₹30 lakh capital in 1985 to ₹4.2 lakh crore market capitalisation today. Uday Kotak, founder of Kotak Mahindra Bank. (Mint) “40 years ago today, I started a company with ₹30 lakh […]