Amid speculations, Sure Financial institution on Tuesday mentioned that discussions with Sumitomo Mitsui Banking Corp. (SMBC) over stake purchase are at present preliminary, including that it routinely explores alternatives geared toward enhancing shareholder worth. The Financial Instances in its Might 6 version had reported that SMBC is in superior talks with the non-public lender to…
MUMBAI: Kotak Mahindra Bankreported a 14% year-on-year decline in standalone web revenue to Rs 3,552 crore for the quarter ended March 2025, as rising provisions and narrowing margins weighed on earnings. For the complete 12 months, standalone revenue after tax rose 6% to Rs 13,720 crore, excluding a Rs 2,730 crore achieve from the sale…
New Delhi: Kotak Mahindra Financial institution on Saturday reported 7.56 per cent drop in its consolidated revenue after tax (PAT) at Rs 4,933 crore within the fourth quarter of FY25, from Rs 5,337 crore within the corresponding quarter of the earlier monetary yr (FY24). Kotak Securities noticed its standalone PAT declining at Rs 348 crore…
MUMBAI: HDFC Financial institution has knowledgeable the inventory exchanges that it has obtained approval from RBI for its group entities to hike investments in Kotak Mahindra Financial institution, AU Small Finance Financial institution, and Capital Small Finance Financial institution as much as 9.5% of their share capital.RBI, by letters dated Jan 3, granted approval to…
