New money that Kotak has raised kills many birds with one stone; first, equity dilution helps him reduce stake to meet regulatory requirement of 26 per cent by August; second, additional capital strengthens private bank's balance sheet at a time when there's fear of unknown

Bank merger: The amalgamation of Syndicate Bank into Canara Bank will create the fourth-largest public sector bank with Rs 15.20 lakh crore business and a network of 10,324 branches

Uday Kotak has ensured phenomenal growth without adding too much risk

Over the last decade, the Rs 152 lakh crore banking industry witnessed four big mergers - two each in the public and private banking space.

RBI is coming down heavily on private banks' promoters who are not adhering to its guidelines on stake reduction and mandatory IPO

Kotak mahindra Bank is gradually scaling up its universal banking model to play a bigger role in the financial services market.

According to exchange data, ING Mauritius Investments sold 5.84 crore Kotak Mahindra Bank shares through bulk deals on the NSE for Rs 7,171.21 crore ($1 billion) before accounting for statutory levies and transaction costs.

India focused private equity firm ChrysCapital Advisors LLP has appointed former SBI chairperson Arundhati Bhattacharya as an advisor.

From renowned banker like Uday Kotak to executives who've had diverse experience in their careers, here are the new board members of IL&FS.

On April 12, the Japanese brokerage firm Nomura in its report had said it is perfect time for Kotak Bank to bid for Axis Bank.

HDFC Bank continues to retain the top slot with a market cap of Rs 5.03 lakh crore. As per BSE data, Kotak Mahindra Bank's market cap stands at Rs 2.24 lakh crore, compared to SBI's Rs 2.23 lakh crore.

Axis Bank is actually amongst the top five large banks in India in terms of overall performance. In a recent Business Today - KPMG Best Banks Study 2016-17, Axis Bank scored high on many of the key parameters.

Kapil Wadhawan has built a large financial services empire by serving people at the bottom of the pyramid.

Shanti Ekambaram is scaling up consumer banking by increasing throughput from ING Vysya branches and digital offerings.

Private sector lender Kotak Mahidnra bank posted a 23 per cent jump in Q1 net profit buoyed by higher interest and fee income.

Why the proposed IDFC and Shriram Group merger makes perfect sense.

Infrastructure turned banker IDFC Group and South based financial services giant Shriram Group are in discussion for a merger.