Federal Bank shares: Federal Bank reported nearly flat profits for the March quarter due to provisions for wage hikes, but analysts noted that the overall performance exceeded expectations. They highlighted the unchanged net interest margin (NIM) and minimal credit costs as positive factors. Looking ahead, analysts are closely monitoring the upcoming replacement of current MD…
Kotak Mahindra Bank shares plummeted by up to 10% in early Thursday trading, triggered by the Reserve Bank of India’s directive to halt the issuance of new credit cards and onboard new clients via digital channels. This decline represents the steepest single-day drop for the stock since March 23, 2020. Wednesday saw the RBI instruct…
Kotak Mahindra Bank’s share price: Kotak Mahindra Bank has officially completed the acquisition of Sonata Finance Private Limited (“Sonata”), marking its full ownership of Sonata. The acquisition, which concluded today, involved a total consideration of approximately Rs. 537 crore. On March 28, at 1:33 pm on the BSE, Kotak Mahindra Bank’s stocks were trading positively,…
