Following the money laundering allegations against it along with a few other private banks, ICICI Bank on Friday suspended 18 of its employees. Earlier, Kotak Mahindra Bank issued a clarification saying none of its employees were involved in money laundering. "We wish to clarify that no such transactions by the alleged person have been routed via Kotak Mahindra Bank," said Kotak Mahindra Group spokesperson reacting to a CNN-IBN story. ...
10:29 PM, Mar 15, 2013
After CNN-IBN accessed a confidential government investigation report which highlighted how several private banks were involved in conversion of black money into white, Kotak Mahindra Bank has refuted all the allegations. "We wish to clarify that no such transactions by the alleged person have been routed via Kotak Mahindra Bank," said the Kotak Mahindra group spokesperson on Friday evening. ...
08:54 PM, Mar 15, 2013
A confidential government investigation report highlighting how several private banks were involved in conversion of black money into white has been accessed by CNN-IBN. ...
01:27 PM, Mar 15, 2013
Mumbai: HDFC Bank and Kotak Mahindra Bank have pipped their Chinese peers in the Forbes Asia's 'Fab 50' list this year. HDFC Bank, the country's most valued bank with the largest market capitalisation, and Kotak Mahindra Bank are the only two banks from Asia in the list, and among the 11 companies from India in the 2012 edition of Forbes Asia's Fab 50, HDFC Bank said in a statement in...
07:59 PM, Sep 07, 2012
Uday Kotak Age: 52 Profile: Founder of Kotak Mahindra Bank and Indias first billionaire banker. Rich List Rank: 15 Wealth: $ 3.6 billion His Strength: -Building a team that enjoys what it does. -During every crisis, the entire top team would huddle together like a cricket team To see how far Uday Kotak has come, you dont have to go to his office at Nariman Point, Mumbai. Go instead to...
10:25 AM, Nov 11, 2011
Mumbai: Country's largest lender State Bank of India on Wednesday ruled out a hike in savings bank interest rate as of now. "There is not much adverse movement in the savings bank (SB) balances in the last one month. As of now, we have no plans to tinker with the SB interest rates," State Bank of India (SBI) CMD Pratip Chaudhuri said here. The Reserve Bank of India in its...
01:28 AM, Nov 10, 2011
New Delhi: Technology giant Infosys has been ranked as the country's best company for investor-relations practices such as corporate governance, financial disclosure and online dissemination of shareholder-related information. In the first-ever such rankings for India, compiled by Investor Relations Global Rankings (IRGR), Infosys has been ranked on the top in all the four categories - corporate governance practices, financial disclosure procedures, IR website and online annual report. Infosys was followed...
10:48 AM, Nov 06, 2011
The bank hiked its auto loan rates by up to 0.5 per cent. ...
05:07 PM, Mar 04, 2010
The Union Budget 2009 has been welcomed by the India Inc. ...
06:05 PM, Jul 06, 2009
