Diabytes
Kotak News
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It is expected to give about a 13 percent real salary hike, with the minimum pay likely rising from Rs 18,000 to Rs 30,000 per month. A fitment factor of about 1.8 may be used to recalculate pay.
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New loan rates effective from November 1.
6.75% p.a. on Home Loans, Balance Transfer Loans.
Quick online sanction and easy documentation.
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Jaypee Infratech is undergoing insolvency proceedings in the NCLT.
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According to the draft papers, the government will be selling 9.6 crore shares, whereas the company itself will be selling 2.4 crore shares through the IPO.
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State Bank of India is set to hire Bank of America Merrill Lynch, Deutsche Bank, IIFL, JM Financial, Kotak and SBI Capital to manage a share sale of up to 150 billion rupees.
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The appreciation in the rupee is likely to continue for some time and it is expected to average at 66.2 against the US dollar in the current financial year.
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Banker Uday Kotak feels there will be strong consolidation in the financial services sector and eventually only five players will dominate the space just like in the global space.
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Kotak Mahindra Bank on Wednesday said it is planning to double its customer base through its new mobile banking app called 8-11.
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With the government setting inflation target at 4 percent, the Reserve Bank is unlikely to make much shift in its stance going forward and may go for a 25 bps cut in the second half of the fiscal.
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Billionaire Mukesh Ambani's telecom venture Reliance Jio may commercially launch 4G voice and high-speed data services in the next three months, brokerage CLSA said on Thursday.
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Close to launching an Initial Public Offering (IPO), Vodafone has picked six investment banks, including Kotak, ICICI and UBS, for the over USD 2 billion share sale process, as per media sources.
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Telecom major Vodafone is getting closer to its initial public offering (IPO) plan in India and the company has already selected investment bankers for the issue.
Stating that there is an urgent need to arrest rising bad loans, Uday Kotak, head of Kotak Mahindra Bank, today said the problem arose as bankers excessively focussed on collaterals and not the cash flow prospects of the funded projects.
Kotak Mahindra Bank today slashed its base rate by 0.25 percent to 9.50 per cent, effective October 5. The base rate cut has been possible on revisions in the deposit offerings in recent past and the bank will also be cutting its deposit rates marginally
Kotak also said that one of the biggest challenges today was the history of excessive leverage by India Inc.
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