Bank enjoys highest price to book value of 4.75 times; largest private bank, HDFC Bank, gets 2.90 times followed by ICICI Bank (1.77 times) and Axis Bank with 1.29 times the book

Share price of Kotak Mahindra Bank rose up to 7.81% to  Rs 1,242.55 compared to the previous close of Rs 1,152 on BSE

Managing Director of Kotak Mahindra Bank Uday Kotak has stressed on the cost-competitiveness of India's professionals across sectors and said that the country has potential to become the world's office; A month after successfully conducting a pilot across areas in Navi Mumbai, Thane and Kalyan, Reliance Retail's online venture JioMart expanded its services across several towns and cities; At least four of the candidate coronavirus vaccines are soon expected to enter the clinical trial stage, Union Health Minister Harsh Vardhan said. Watch this and more news on News Blast.Also Read: Kotak Mahindra Bank gets shareholder nod to issue 6.5 crore equity shares

Kotak Mahindra Bank plans to raise as much as Rs 7,500 crore by way of issue of 6.5 crore equity shares of Rs 5 each through a private placement, follow-on public offering (FPO), qualified institutions placement (QIP) or a combination thereof

India can be 'world's office' if China is 'world's factory': Uday KotakManaging Director of Kotak Mahindra Bank Uday Kotak on Sunday stressed on the cost-competitiveness of India's professionals across sectors and said that the country has potential to become the world's office. \"China is the world's factory, India can be its office!\" Kotak tweeted. The comment comes on the backdrop of the reports that a number of global giants are looking to shift their manufacturing facilities...

Coronavirus impact: Using existing infrastructure in factories such CCTV cameras and employee ID chips, 'Industy.AI' has come up with new solutions to address social distancing concerns and smart  monitoring of employees on shop floors  

Domestic flights resume operations after 2 months:  The first flight departed from Mumbai airport to Patna at 6:45 AM today. The first arrival flight to Mumbai departed from Lucknow at 8:20 AM. Both flights will be operated by IndiGo

The comment comes on the backdrop of the reports that a number of global giants are looking to shift their manufacturing facilities to other countries from China

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Kotak talked about handling the exit of the lockdown in a gradual and calibrated manner. \"It will have economic costs while the country deals with the virus.\"

Share price of Kotak Mahindra Bank gained up to  5.31% to Rs 1,220  compared to the previous close of Rs 1,159 on BSE.

Kotak Mahindra Bank share price gained 5.3 per cent at intra-day high of Rs 1,220.85 after the company posted its financial results. On National Stock Exchange, the bank's shares were quoting Rs 1,180.90, after climbing to a high of Rs 1,220 earlier

Coronavirus impact: Kotak Mahindra Bank said that coronavirus is wreaking havoc on the economy, in turn impacting financial firms. It said that it is imperative to review the bank's costs and operations in advance to ensure sustainability

Kotak Mahindra Bank will issue 6.5 crore equity shares of Rs 5 each, which amounts to around Rs 7,500 crore at the current market price of the lender's share

Share price of Kotak Mahindra Bank gained up to  3.14% to Rs 1,166 compared to the previous close of Rs 1,130.45 on BSE

The Bombay High Court said that National Company Law Tribunal (NCLT) cannot ban the audit firms for five years. The court has given eight weeks' time to the corporate affairs ministry to appeal in Supreme Court

Share price of Kotak Mahindra Bank gained 3.21% to Rs 1,224 compared to the previous close of Rs 1,186 on BSE.

Many people, including retired and pensioners depend on dividend income. Should investors shun banking stocks as there's risk that government or RBI will ask them to extend helping hand in crisis?

Prime Minister Boris Johnson left intensive care on Thursday evening as he continues to recover from COVID-19, but he remains under close observation in hospital; Kotak Mahindra Bank's leadership team has decided to take a 15% pay cut for the financial year; Israeli Prime Minister Benjamin Netanyahu has thanked PM Narendra Modi for the export of anti-malarial drug hydroxychloroquine (HCQ) to Israel, touted to help in the treatment of coronavirus patients. Watch this and more on News Blast.Also Read: Coronavirus outbreak: Ola donates Rs 8 crore in relief funds

Coronavirus fallout: IMF predicts bigger economic crisis than Great DepressionThe year 2020 could see the worst global economic fallout since the Great Depression in the 1930s with over 170 countries likely to experience negative per capita income growth due to the raging coronavirus pandemic, IMF Managing Director Kristalina Georgieva said on Thursday. Observing that the world is faced with extraordinary uncertainty about the depth and duration of this crisis, she said that it is...