Kotak Mahindra Bank is set to appoint international banker Ashok Vaswani as its new managing director and chief executive officer. The announcement comes a little over a month after Uday Kotak, the founder MD and CEO of the private sector lender had announced his resignation
Kotak Mahindra Bank has withdrawn an advertisement campaign featuring comedian Tanmay Bhat after the latter's decade-old tweet on a Hindu God resurfaced on social media.
The board also approve the proposal for seeking Members consent for raising funds by the way of issuance of Unsecured, Redeemable, NCDs or bonds or other debt securities on private placement basis, for an amount up to Rs 7,000 crore in one or more tranches during the next financial year, post the necessary approval.
HDFC Securities Institutional Research said the prevailing lofty valuations factor in an uptick in credit, cost of funds tailwinds, and normalising credit costs in FY22.