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Kotak Mahindra Bank to acquire Deutsche Bank's India retail banking business
Kotak Mahindra Bank has significantly expanded its footprint by acquiring Deutsche Bank's retail, private banking, and wealth management operations in India. This substantial deal, one of the largest in recent years, includes approximately ₹29,000 crore in loans and ₹16,000 crore in deposits. Around 1.5 lakh clients and nearly 1,000 employees will now join Kotak Mahindra Bank, bolstering its presence in the Indian financial landscape.
HDFC, Bandhan, And Yes Bank Shares In Red — Why Are They Lagging?
Kotak Institutional Equities said HDFC Bank has strengthened its leadership with the appointment of former Finance Secretary Rajiv Kumar as Chairman-designate and Puneet Sharma as CFO, while adding that Sharma's resignation from Axis Bank is not a negative for the lender.
HDFC Bank Remains 'Top Pick'; Leadership Shuffle No Cause For Concern, Say Brokerages
Among private lenders, Kotak continues to prefer HDFC Bank and ICICI Bank, while State Bank of India remains its preferred public sector lender. Jefferies maintains its Buy rating on HDFC Bank with a target price of Rs 1,050.
Stocks to Watch today: HDFC Bank, Biocon, SJVN, Container Corp, Yes Bank
Stocks to Watch today, June 30, 2026: Tech Mahindra, Axis Bank, Godrej Properties, RITES, SIS, Jagsonpal Pharma, and Sterling and Wilson Renewable Energy are top stocks to remain in focus
Three C-Suite Exits In Two Days: Bandhan Bank, Axis CFOs Resign After Kotak CEO Confirms Departure
Puneet Sharma, resigned from the position of CFO for Axis Bank Ltd.
Kotak Mahindra Bank's shares tumble over 3% on CEO Ashok Vaswani's exit
Stock declines over 3% after Ashok Vaswani says he will step down in December, with brokerages warning leadership succession uncertainty could weigh on sentiment
Stock market today: Sensex falls 400 points, Nifty 50 ends below 23,950; Reliance, Kotak Mahindra Bank among top drags - Mint
Stock market today: Sensex falls 400 points, Nifty 50 ends below 23,950; Reliance, Kotak Mahindra Bank among top dragsMint
SBI Securities prefers HDFC Bank, sees long-term upside in metals
Sunny Agarwal, Head Fundamental Research, Retail Desk at SBI Securities, remains positive on private banks, preferring HDFC Bank over Kotak Mahindra Bank after the lender received a clean legal review. He says Persistent Systems' acquisition benefits may take up to eight quarters to materialise, while slower growth remains a near-term concern. Agarwal is also bullish on the metals sector, with Indian Metals & Ferro Alloys as his top pick, and remains positive on Astral over the long term despite near-term challenges.
Kotak Mahindra Bank shares drop over 3% as CEO Ashok Vaswani opts out of second term
Kotak Mahindra Bank shares witnessed some profit booking as its chief executive officer (CEO), Ashok Vaswani, said he will step down at the end of his current term on 31 December 2026.
HDFC Bank governance concerns ease; Kotak Mahindra Bank’s next CEO may come from within: InGovern
Shriram Subramanian, Founder and Managing Director of InGovern, believes HDFC Bank has largely moved past the governance concerns triggered by allegations made by its former chairman, with investor focus now shifting to the appointment of a new chairman and the bank's next chief executive.
Kotak Mahindra Bank shares fall 3% after CEO's surprise exit. What Nomura, Jefferies said
Analysts at Nomura and Jefferies, however, maintain 'Buy' ratings, with Nomura highlighting Anup Kumar Saha as a strong internal candidate. Despite the leadership change, analysts believe the bank's strategic direction will remain consistent.
Sensex Today Trades Lower | Nifty Below 24,050 | Kotak Mahindra & HCL Tech Top Losers - Equitymaster
Sensex Today Trades Lower | Nifty Below 24,050 | Kotak Mahindra & HCL Tech Top LosersEquitymaster