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SBI Funds Management IPO: SBI offloads 1.42% stake to 30 investors ahead of issue | Check latest GMP, IPO details
The SBI Funds Management IPO opens for subscription from July 14 to 16, 2026, with share allotments finalized on July 17. Kotak Mahindra is the lead manager. SBI completed a pre-IPO share transfer to 30 investors, raising ₹1,655 crore, progressing towards the IPO's launch.
Kotak Mahindra Bank to pursue acquisitions alongside organic growth
Kotak Mahindra Bank plans to pursue acquisitions and organic growth. The bank recently acquired Deutsche Bank's retail portfolio in India. This move aims to enhance scale and customer reach for the bank. Kotak Mahindra Bank will also tap into India's economic expansion opportunities. A strong balance sheet and leadership talent support future growth strategies.
Kotak Mahindra Bank to pursue acquisitions alongside organic growth
Kotak Mahindra Bank plans to pursue acquisitions and organic growth. The bank recently acquired Deutsche Bank's retail portfolio in India. This move aims to enhance scale and customer reach for the bank. Kotak Mahindra Bank will also tap into India's economic expansion opportunities. A strong balance sheet and leadership talent support future growth strategies.
Stocks To Watch Today: SBI, Tata Steel, Indian Bank, HFCL, Phoenix Mills, SML Mahindra
Stocks In News On Thursday.
Vatika Hotels refinance Rs 550 crore debt with Kotak
Vatika Hotels has refinanced Rs 550 crore debt with Kotak Mahindra Bank. This move marks the exit of India Special Assets Fund III from the company. The hotel owner experienced financial stress during the Covid-19 pandemic. Vatika Hotels' debt has significantly declined after restructuring and equity infusion. The company now holds a BBB investment-grade rating, reflecting improved financial health.
Kotak Mahindra Bank Announces Record Date For Final Dividend — Check Details
Kotak Mahindra Bank sets record date for dividend.
HDFC Bank vs Yes Bank vs Kotak Bank vs IndusInd Bank - Which banking stock to buy after Q1 business update?
Shares of HDFC Bank and Axis Bank gained as much as 2.5% on Monday, while Kotak Mahindra Bank declined up to 3.5%.
Nifty Bank rises 400 points as HDFC Bank, IndusInd, other stocks jump up to 3% after Q1 updates
The Nifty Bank index rose over 400 points on Monday as gains in HDFC Bank, IndusInd Bank and ICICI Bank outweighed a sharp decline in Kotak Mahindra Bank. Investors reacted to first-quarter business updates, with HDFC Bank emerging as the top gainer after reporting healthy growth in advances and deposits.
Kotak Mahindra Bank Shares Slip 3% Despite Double Digit Q1 Growth
Kotak Mahindra Bank dropped as much as 3.24% to Rs 383.9 apiece.
Kotak Mahindra Bank shares fall over 3% after Q1 update; advances jump 15% to Rs 5.12 lakh crore
Kotak Mahindra Bank's shares dipped over 3% following its Q1 FY27 business update. While net advances saw a healthy 15% year-on-year jump to Rs 5.12 lakh crore, and total deposits grew nearly 12%, a sequential slowdown in deposit growth and a dip in current and savings account deposits may have concerned investors. The bank also recently announced the acquisition of Deutsche Bank's India retail and wealth management business.
Stocks To Watch Today: HDFC Bank, Kotak Mahindra Bank, Yes Bank, Axis Bank, Dabur, Godrej Consumer Product, Vedanta & More
Here's a look at stocks that are likely to be in focus during the trading session on Thursday.
Kotak Mahindra Bank Q1 net advances rise 15%, total deposits up nearly 12%
Kotak Mahindra Bank reported Q1 business growth: advances up 15.1%, CASA up 10.2%, total deposits up 11.7%. It will acquire Deutsche Bank's India retail, private, wealth businesses for Rs 281.7 crore.