Category: Business

Kotak Mahindra Bank buys stake in KFin Technologies, market cap crosses ₹4 lakh crore

Private lender Kotak Mahindra Bank on Monday announced that the bank has agreed to shop for around 9.98% stake in KFin Technologies Private Limited for a cash consideration of around ₹310 crore. Shares of Kotak Bank surged over 1% on the BSE in Monday’s early deals with its market capitalisation crossing ₹4 lakh crore. “Kotak […]

Bad Bank to solve Rs 2 lakh crore bad loans, take NPAs off banks’ books; here’s how it will work

The Bad Bank is finally here, after a decade of discourse. It aims to assist pack up banks’ books by taking up Rs 2 lakh crore bad loans. If it works as intended, Bad Bank may help cut system-wide bank NPAs (non-performing assets) by over 1%, and help recover a number of bad debts too, […]

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