Kotak Mahindra Bank

"The bank is also upping its focus on the structured finance offerings, whose contribution in the overall wholesale book is in low single-digits at present and growing the same"

Portal will offer services across all products, including trade & services, account services, payments, and collections and make banking seamless for clients

Move follows sustained dip in FPI holding in the counter; IDBI Bank, Patanjali among other stocks to get in

Kotak Investment Advisors (KIA) said it plans to raise $800 million under the Kotak Data Centre Fund and this is the first close for the same, as per a statement

The acquisition will be subject to regulatory approvals, including by the Reserve Bank of India (RBI)

Kotak Mahindra Bank increased select deposit rates by up to 25 basis points

During the quarter ended December 2022, the FPI holding in the private sector lender fell 1 basis points quarter-on-quarter to 39.26 per cent

The lender's standalone net profit jumped 31% YoY in the October-December quarter

Bajaj said even in states where it is the same party ruling as the Centre, one doesn't see the same level of focus, energy and interest

The firm did not reveal the fundraising plan, but sources said the lender planned to raise $500 mn-$1 billion

For other tenor loans ranging from overnight to three year, the revised rates are in the range of 7.80-9.05%, according to Kotak

The firm is looking to fill positions from analyst to director levels across sectors including financial services, health care and technology

SBI, BoB hammer out first gilt deal using digital rupee; 48 transactions carried out

Sustained selling by FPIs increases investment legroom to 22% at the end of September 2022 quarter

CLOSING BELL: The top drags were Nestle, Bajaj Finserv, HUL, Kotak Bank, RIL, HDFC, Bajaj Finance, Asian Paints, and IndusInd Bank as they fell in the range of 1 per cent to 3 per cent

Stocks to watch today: Reliance Industries flat net profit at Rs 13,656 crore in Q2FY23; Chennai Petroleum will post Q2FY23 results on Tuesday, October 25

NII of the lender grew 26.8 per cent YoY to Rs 5,099 crore during this period and net interest margin, a measure of profitability of banks, stood at 5.17 per cent

For 1 year to less than 2 years, SBI is offering 6.10% as compared to 5.60% earlier

Stocks to watch today: Tracxn Technologies will make its debut on the bourses Thursday. As per IPO Watch, it may see a muted listing with flat to a negative discount. The issue price is Rs 80 a share

Kotak Investment plans to complete the fundraising by the end of this year and to embark on its investment in 2023, focusing on residential property in India's top five cities