Kotak Mahindra Bank has allotted 9,521 equity shares under ESOS on 18 December 2024. Powered by Capital Market - Live News

Kotak Mahindra Bank announced that the Competition Commission of India (CCI) has vide its letter dated 26 November2024 conveyed its approval to the Bank, for the acquisition of personal loan book of Standard Chartered Bank, India. All regulatory approvals required for the said acquisition have now been received and the said acquisition will be completed upon fulfilment of other conditions precedent. Powered by Capital Market - Live News

Net profit of Kotak Mahindra Bank rose 13.07% to Rs 5044.05 crore in the quarter ended September 2024 as against Rs 4461.04 crore during the previous quarter ended September 2023. Total Operating Income rose 19.76% to Rs 16426.97 crore in the quarter ended September 2024 as against Rs 13716.56 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Total Operating Income16426.9713716.56 20 OPM %20.2926.11 - PBDT6646.865888.34 13 PBT6646.865888.34 13 NP5044.054461.04 13 Powered by Capital Market - Live News

Kotak Mahindra Bank has entered into a definitive agreement with Standard Chartered Bank, India for acquisition of its Personal Loan book (total loan outstanding of around Rs 4,100 crore as of 30 September 2024). The above transaction is expected to be completed over the next three months and is subject to regulatory and other approvals and the satisfaction or waiver of customary closing conditions. The Bank will acquire the Personal Loan book which will be outstanding closer to the completion date. Powered by Capital Market - Live News

Kotak Mahindra Bank will hold a meeting of the Board of Directors of the Company on 19 October 2024.Powered by Capital Market - Live News