Kotak Mahindra Bank hikes lending rate by 5 bp across tenure. Check details
1 year, 10 months ago

Kotak Mahindra Bank hikes lending rate by 5 bp across tenure. Check details

Live Mint  

Following RBI's hike in benchmark policy rates, Kotak Mahindra Bank has increased its lending rates by 5 basis points across tenures. Notably, Kotak Mahindra Bank has joined the list of commercial banks who have increased their lending rates after the rise in RBI's repo rate. In addition to Kotak Mahindra Bank, several other commercial banks have also raised their lending rates after the Reserve Bank of India announced the hike in benchmark policy rates. Soon after the hike in RBI repo rate, India's largest public sector bank, SBI, raised its lending rates by across tenures.

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History of this topic

Mint Primer: Why are banks issuing fewer credit cards?
3 weeks, 5 days ago

Mint Primer: Why are banks issuing fewer credit cards?

Live Mint  

In October, banks added 0.79 million credit cards, compared with 1.69 million last October. HDFC Bank added the most, followed by State Bank of India, which issues credit cards through subsidiary SBI Card, and ICICI Bank. A banker in charge of credit cards said lenders have decided to go slow on credit card issuances as they look to enhance entry …

SBI Hikes MCLR-based Lending Rates By 10 BPs; Check Details Here
4 months, 1 week ago

SBI Hikes MCLR-based Lending Rates By 10 BPs; Check Details Here

News 18  

State Bank of India, India’s largest lender, has raised its marginal cost of funds-based lending rate by 10 basis points. SBI Revised MCLR Rates SBI’s overnight MCLR has increased from 8.10% to 8.20%. The changes in MCLR rates are as follows: Impact On Loans The interest rates on loans are also likely to rise by a similar measure, and EMIs …

SBI raises lending rate by 10 basis points across tenures from August 15: Will loan EMIs go up?
4 months, 1 week ago

SBI raises lending rate by 10 basis points across tenures from August 15: Will loan EMIs go up?

India TV News  

The State Bank of India, the largest state-owned bank in India, has announced an increase in its lending rates by 10 basis points across tenors, effective from August 15, 2024. Introduced in April 2016 as a replacement for the base rate system, the MCLR is used as a benchmark for setting lending rates unless specific exceptions are approved by the …

Kotak Mahindra Bank Q1 Results: Net Profit Surges 81% to Rs 6,250 Crore, NPA Flat
5 months ago

Kotak Mahindra Bank Q1 Results: Net Profit Surges 81% to Rs 6,250 Crore, NPA Flat

News 18  

Kotak Mahindra Bank Q1 Results: Kotak Mahindra Bank said on Saturday reported an 81 per cent surge in its standalone net profit to Rs 6,250 crore for the April-June 2024 quarter. Kotak Mahindra Bank’s standalone net profit, excluding subsidiaries, had stood at Rs 3,452 crore rupees in the corresponding period last year. Kotak recorded “exceptional” income of Rs 3,520 crore …

RBI action on Kotak Mahindra Bank may restrain credit growth, profitability: S&P
7 months, 4 weeks ago

RBI action on Kotak Mahindra Bank may restrain credit growth, profitability: S&P

New Indian Express  

NEW DELHI: S&P Global Ratings on Friday said the RBI's regulatory action on Kotak Mahindra Bank could restrain the lender's credit growth and profitability. The RBI on Wednesday barred Kotak Mahindra Bank from issuing fresh credit cards and onboarding new customers online. "We anticipate Kotak Mahindra Bank could potentially take a year to fully address the RBI's key concerns for …

Why Has RBI Barred Kotak Mahindra Bank from Adding New Customers Online? What’s Next for the Lender?
7 months, 4 weeks ago

Why Has RBI Barred Kotak Mahindra Bank from Adding New Customers Online? What’s Next for the Lender?

News 18  

Kotak Mahindra Bank cannot add new customers online or through mobile banking or issue fresh credit cards after the Reserve Bank’s directive. The RBI directed Kotak Mahindra Bank to “cease and desist”, with immediate effect, from “onboarding of new customers through its online and mobile banking channels” and “issuing fresh credit cards”. Analysts have called RBI’s action against Kotak Mahindra …

Kotak Mahindra Bank share price falls more than 11% following RBI order
7 months, 4 weeks ago

Kotak Mahindra Bank share price falls more than 11% following RBI order

Hindustan Times  

Shares of Kotak Mahindra Bank fell more than 11% after the Reserve Bank of India restricted the bank from issuing new credit cards and onboarding new customers via online channels. Kotak Mahindra Bank share price today: Kotak Mahindra Bank shares were down more than 11% after RBI's order. What RBI said about Kotak Mahindra Bank The central bank identified deficiencies …

Why Kotak Mahindra Bank faces strict RBI curbs: How does it affect you?
8 months ago

Why Kotak Mahindra Bank faces strict RBI curbs: How does it affect you?

Hindustan Times  

Kotak Mahindra Bank News: On Wednesday, the Reserve Bank of India directed Kotak Mahindra Bankto immediately stop onboarding new customers through its online and mobile banking channels and issuing fresh credit cards. REUTERS/Adnan Abidi/File Photo Why RBI took action against Kotak Mahindra Bank? • RBI said that it placed restrictions in the “interest of customers and to prevent any possible …

SBI, Bank of Baroda, Kotak Mahindra among 7 banks that hiked fixed deposit rates
11 months, 3 weeks ago

SBI, Bank of Baroda, Kotak Mahindra among 7 banks that hiked fixed deposit rates

Live Mint  

Several banks in India have hiked interest rates on fixed deposits in December 2023, including Bank of Baroda, State Bank of India, Union Bank of India, DCB Bank, Kotak Mahindra Bank, Federal Bank, and Bank of India. The Reserve Bank of India maintains the key repo rate at 6.5 per cent for the fifth consecutive time in the December 8 …

Kotak Mahindra Bank hikes fixed deposit rates. Check latest FD rates here
1 year, 1 month ago

Kotak Mahindra Bank hikes fixed deposit rates. Check latest FD rates here

Live Mint  

Kotak Mahindra Bank has hiked the interest rate on fixed deposits. After the latest revision, Kotak Bank is offering an interest rate of 2.75% to 7.25% for general customers on deposits maturing in seven days to ten years. For FDs maturing in 7 to 14 days, 15 to 30 days, 31 to 45, 46 to 90 days, and 91 to …

HDFC, ICICI, Canara among five banks that have hiked lending rates this month
1 year, 4 months ago

HDFC, ICICI, Canara among five banks that have hiked lending rates this month

Live Mint  

Banks have been hiking lending rates. In August, top banks in India, including HDFC Bank, ICICI Bank, Bank of Baroda, and Bank of India increased their marginal cost of funds-based lending rate. HDFC Bank MCLR rates in August 2023 HDFC Bank has hiked benchmark marginal cost of funds-based lending rates by 15 basis points on select tenures with effect from …

Uday Kotak’s comeback in best interest of stakeholders, says CFO
1 year, 7 months ago

Uday Kotak’s comeback in best interest of stakeholders, says CFO

Live Mint  

Mumbai: Uday Kotak’s plan to return as non-executive director after his tenure as Kotak Mahindra Bank chief executive ends in December is compliant with regulations and is in the best interest of all stakeholders, a senior bank executive said on Saturday. “What we have gone through with is something we clearly believe is in accordance with law and regulations and …

Kotak Mahindra Bank hikes lending rates. Loan EMIs to increase further
1 year, 9 months ago

Kotak Mahindra Bank hikes lending rates. Loan EMIs to increase further

Live Mint  

Kotak Mahindra Bank has increased its lending rates by 5 basis points across tenures. The bank has set the rate for one, two, and three year tenure at 9.05%, 9.10%, and 9.25% The Marginal Cost of Funds based Lending Rate with effect from Mar 16, 2023 for various tenors Overnight - 8.25% One Month -8.50% Three Month -8.65% Six Month …

PNB, Bank of Baroda raise lending rates by up to 25 bps after repo rate hike
1 year, 10 months ago

PNB, Bank of Baroda raise lending rates by up to 25 bps after repo rate hike

Live Mint  

Public sector lenders Punjab National Bank and Bank of Baroda have raised their lending rates by up to 25 basis points following the interest rate hike by Reserve Bank of India earlier this week. Punjab National Bank announced that it has effected a 25 basis point increase in the repo linked lending rate from 8.75 per cent to 9 per …

IDBI Bank Hikes Lending Rates by 20 Basis Points Across Loan Tenures
1 year, 11 months ago

IDBI Bank Hikes Lending Rates by 20 Basis Points Across Loan Tenures

News 18  

Across all loan tenures, IDBI Bank has increased lending rates by 20 basis points. According to the bank, the overnight MCLR rate has been increased to 7.65%, while the rates for loans with terms of one month to six months have both increased by 20 basis points to 7.8% and 8.3%, respectively. Marginal Cost of Fund-based Lending Rate of IDBI …

Kotak Mahindra Bank Hikes Interest Rates On Recurring Deposits By Up To 75 bps; Details Here
1 year, 11 months ago

Kotak Mahindra Bank Hikes Interest Rates On Recurring Deposits By Up To 75 bps; Details Here

News 18  

Even as the interest rates in India is on the higher side and still rising, banks are also passing on the high interest rate regime effect to people. After the latest revision, Kotak Mahindra Bank is now offering an interest rate of 7 per cent per annum on recurring deposits on tenures between 15 months and 21 months. Kotak Mahindra …

Indian Bank to hike lending rate by 15-35 bps across tenures
2 years, 1 month ago

Indian Bank to hike lending rate by 15-35 bps across tenures

Live Mint  

The public-sector bank Indian Bank announced the hike of the marginal cost of funds-based lending rate by 15-35 basis points across tenors, the bank said on Tuesday. The benchmark one-year tenor MCLR, which is linked to the majority of consumer loans such as car, auto, and personal, will increase from 7.85 per cent to 8.10 per cent. The overnight MCLR …

PNB, BOI hike lending rates; EMIs to go up
2 years, 1 month ago

PNB, BOI hike lending rates; EMIs to go up

Live Mint  

State-owned Punjab National Bank and Bank of India on Monday announced raised the marginal cost of funds-based lending rates. Punjab National Bank hiked MCLR across tenors by 30 basis points. The MCLR with effect from November 1, 2022 shall be revised with the benchmark one-year tenor rate at 8.05 per cent as against the 7.75 per cent existing rate, PNB …

BoB hikes lending rates 10-15 bps across tenures, EMIs to go up
2 years, 2 months ago

BoB hikes lending rates 10-15 bps across tenures, EMIs to go up

Live Mint  

State-owned Bank of Baroda on Monday raised the marginal cost of funds-based lending rates by 10-15 basis points across tenures. The overnight to six months tenor MCLRs are raised and are in the range of 7.10 to 7.80 per cent for Bank of Maharashtra. State-owned Bank of Maharashtra on Monday raised the marginal cost of funds-based lending rates by 0.20 …

Kotak Mahindra Bank revises fixed deposit interest rates; check latest rates here
2 years, 2 months ago

Kotak Mahindra Bank revises fixed deposit interest rates; check latest rates here

Firstpost  

As per Kotak Mahindra Bank’s website, you can open a fixed deposit with a minimum of Rs 5,000. Furthermore, for FDs with tenure below 181 days, the interest will be calculate as simple interest Kotak Mahindra Bank has revised its interest rate for fixed deposits, bringing some festive cheer to account holders. For terms over 181 days, a penalty amounting …

Bank FD: Kotak Vs DBS Bank Vs Bank of Baroda; Check Comparison of Latest Interest Rates
2 years, 4 months ago

Bank FD: Kotak Vs DBS Bank Vs Bank of Baroda; Check Comparison of Latest Interest Rates

News 18  

As the RBI’s Monetary Policy Committee has raised the key repo rate twice in its previous two review meetings and is expected to further hike the rate further in its ongoing meet this week, banks have been increasing their rates on both loans and deposits. Here’s the comparison of the current fixed deposit interest rates offered by these three lenders …

Kotak Mahindra Bank FD Interest Rates Hiked for These Tenors: Check Latest Rates Here
2 years, 5 months ago

Kotak Mahindra Bank FD Interest Rates Hiked for These Tenors: Check Latest Rates Here

News 18  

Kotak Mahindra Bank FD Interest Rates: Leading private sector lender Kotak Mahindra Bank has hiked its fixed deposit interest rates recently. The Kotak Mahindra Bank FD interest rate hike comes within a month after the RBI increased its repo rates by 50 basis points during its monetary policy committee meet held in June. The bank, in its announcement, has said …

Savings Accounts Update: These 2 Banks Hike Interest Rates Recently; Check Here
2 years, 6 months ago

Savings Accounts Update: These 2 Banks Hike Interest Rates Recently; Check Here

News 18  

Bank Savings Account Rate Hike: The Reserve Bank of India, or RBI, has again hiked its repo rate by 50 basis points during its bi monthly Monetary Policy Committee meet held last week. Kotak Mahindra Bank Savings Account Interest Rate Hike “Kotak Mahindra Bank Limited today announced a rise in savings account interest rate as well as fixed deposit interest …

Kotak Mahindra Bank Hikes Interest Rates on FD, Savings Account; More Return For Investors
2 years, 6 months ago

Kotak Mahindra Bank Hikes Interest Rates on FD, Savings Account; More Return For Investors

News 18  

Kotak Mahindra Bank Rate Hike: Taking cue from the Reserve Bank of India, which further increased its repo rates by 50 basis points earlier this week, private sector lender Kotak Mahindra Bank also hiked savings account interest rate as well as fixed deposit interest rates across various tenors. “Kotak Mahindra Bank Limited today announced a rise in savings account interest …

Bank FD: Bank Of Baroda, PNB, ICICI Bank Recently Raised Interest; Know New Rates
2 years, 7 months ago

Bank FD: Bank Of Baroda, PNB, ICICI Bank Recently Raised Interest; Know New Rates

News 18  

Even as the Reserve Bank of India recently raised the key repo rate by 40 basis points in a surprise move, banks have started increasing loan as well as deposit interest rates. Recently, Bandhan Bank, Kotak Mahindra Bank, Jana Small Finance Bank, Bank of Baroda, ICICI Bank and Punjab National Bank raised their interest rates on fixed deposits across multiple …

Kotak Mahindra Bank, ICICI Bank, Bandhan Bank, Others Hike FD Interest Rates; Check Here
2 years, 7 months ago

Kotak Mahindra Bank, ICICI Bank, Bandhan Bank, Others Hike FD Interest Rates; Check Here

News 18  

As soon as the Reserve Bank of India hiked its key interest rates two days back, a host of banks rushed in to hike their fixed deposit interest rates. At least five banks, including ICICI Bank, Kotak Mahindra Bank, Bandhan Bank, bank of Baroda and Jana Small Finance Bank have hiked their fixed deposit interest rates following a 40 basis …

Banks hike MCLR rates: SBI vs Axis Bank vs Bank of Baroda
2 years, 8 months ago

Banks hike MCLR rates: SBI vs Axis Bank vs Bank of Baroda

Live Mint  

EMIs for home, car and personal loans are set to go up as major lenders like the State Bank of India, Axis Bank, Bank of Baroda and Kotak Mahindra Bank have hiked their benchmark lending rates. State Bank of India has increased its marginal cost of funding based lending rate by 10 basis points across tenors, as per data available …

Kotak Mahindra Bank Hikes Fixed Deposit Interest Rates for These Accounts; Know Details
2 years, 8 months ago

Kotak Mahindra Bank Hikes Fixed Deposit Interest Rates for These Accounts; Know Details

News 18  

Kotak Mahindra Bank Fixed Deposits Rate: Leading private lender Kotak Mahindra Bank has once again hiked the interest rates on fixed deposits of different tenures. These fixed deposits will earn an interest at the rates of 4.50 per cent an 4.75 per cent respectively. The bank will now offer an interest rate of 5.50 per cent up from 5.45 per …

Kotak Mahindra Bank Revises Fixed Deposit Rates. Check Latest FD Rates
2 years, 11 months ago

Kotak Mahindra Bank Revises Fixed Deposit Rates. Check Latest FD Rates

News 18  

Kotak Mahindra Bank FD Rates: Private lender Kotak Mahindra Bank has changed its interest rates on fixed deposits recently. The repo rates have been kept stable at 4 per cent in view of the Covid-19 pandemic and the emergence of the Omicron variant in India. As per the private lender’s website, with effect from January 6, 2022, the Kotak Mahindra …

Home Loan Interest at All-Time Low: Cheapest Rates from SBI, Kotak Mahindra, Others
3 years, 3 months ago

Home Loan Interest at All-Time Low: Cheapest Rates from SBI, Kotak Mahindra, Others

News 18  

Despite the changes and revisions that banks and other private-sector lenders are rolling out for customers ahead of the festive season, many borrowers continue to be tied to their old loans which in turn is tied to the Base Rate or Marginal Cost of fund-based Lending Rates. As it stands, the bank offers its customers a home loan interest rate …

Home Loan at All-Time Low: Kotak Mahindra Bank Reduces Interest Rates, Check Here
3 years, 3 months ago

Home Loan at All-Time Low: Kotak Mahindra Bank Reduces Interest Rates, Check Here

News 18  

Bringing good news for home loan seekers in the upcoming festive season, Kotak Mahindra Bank has slashed its home loan interest rate by 15 basis points, bringing it down to 6.50% p.a. According to BloombergQuint, Kotak Mahindra Bank’s president for consumer assets, Ambuj Chandna confirmed that these lowered interest rates will be offered to loans of all sizes. However, this …

Kotak Mahindra Bank Q1 Results: Net Profit Rises 32% to Rs 1,641 Crore
3 years, 4 months ago

Kotak Mahindra Bank Q1 Results: Net Profit Rises 32% to Rs 1,641 Crore

News 18  

New Delhi: Private lender Kotak Mahindra Bank on Monday reported a nearly 32 per cent jump in its net profit to Rs 1,641.92 crore in the first quarter of 2021-22. The bank had posted a net profit of Rs 1,244.45 crore in the same quarter of the previous fiscal year. Total income during April-June 2021-22 rose to Rs 8,062.81 crore, …

Home loan rates compared: What SBI, ICICI Bank, HDFC, Kotak Mahindra Bank offer
3 years, 9 months ago

Home loan rates compared: What SBI, ICICI Bank, HDFC, Kotak Mahindra Bank offer

Live Mint  

Buying your own home is a dream of every salaried class person in India. Amid the ongoing coronavirus pandemic, several top lenders including the State Bank of India have lowered the interest rates on home loans in a bid to attract customers. ICICI Bank home loan interest rates ICICI Bank has reduced the home loan interest rate to 6.70%. HDFC …

Home loan rates at all-time low. Check latest offers by SBI, Kotak Mahindra and Axis Bank
4 years, 2 months ago

Home loan rates at all-time low. Check latest offers by SBI, Kotak Mahindra and Axis Bank

Live Mint  

Ahead of the festive season, India's top lenders — State Bank of India, Kotak Mahindra Bank and Axis Bank — is offering huge concessions on home loan interest rates to boost demands. State Bank of India, India's largest lender, has recently announced a concession of up to 25 basis points in home loan rates. "In an extension of its festive …

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