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Kotak Mahindra Bank Announces Results

Kotak Mahindra Bank Announces Results
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Kotak Mahindra , Trustee Company , Board Of Directors The Bank , Companies Indian Accounting Standards , Interest Income , Net Interest Margin , Micro Finance , Sonata Microfinance , Average Savings , Average Term , Capital Adequacy Ratio , Book Value , Customer Assets , Assets Under Management , Indian Accounting Standards , Generally Accepted Accounting Principles , Companies Act ,

Kotak Mahindra Bank Announces Results; Kotak Mahindra Bank Standalone PAT for FY24 ₹ 13,782 crore, up 26% YoY

Bengaluru : The Board of Directors of Kotak Mahindra Bank (“the Bank”) approved the audited standalone and consolidated results for the quarter and financial year ended March 31, 2024, at the Board meeting held in Mumbai, today. Kotak Mahindra Bank standalone results The Bank’s PAT for FY24 increased to ₹ 13,782 crore from ₹ 10,939… ....

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RBI tells MFIs to improve governance, loan appraisal system; assesses pandemic-led stress

RBI tells MFIs to improve governance, loan appraisal system; assesses pandemic-led stress
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The central bank governor Shaktikanta Das called on these lenders Monday to assess the ground level situation going beyond the accounting numbers of micro lenders following the sharp rise in the rate of infections across regions, which forced local authorities to go for area wise containments and partial lockdowns.
Agencies
The existing provisions of relief in cases of natural calamities could be applied, they urged RBI.
The Reserve Bank of India has stressed that microfinance lenders need to follow appropriate governance and risk management standards even as these lenders are facing challenges with falling repayment collection while the raging second wave of the Covid-19 pandemic is affecting livelihoods. ....

Nirmala Sitharaman , Creditaccess Grameen , Shaktikanta Das , Muthoot Microfin , National Bank , Satin Creditcare Network , Microfinance Institutions Network , Agriculture Rural Development Nabard , Aarohan Financial Services , Small Industries Development Bank , Reserve Bank , Microfinance Institutions , Annapurna Finance , Sonata Microfinance , Spandana Sphoorty Financial , Rural Development , முத்ூட் மைக்ரோஃபின் , தேசிய வங்கி , சாடின் கடன் பராமரிப்பு வலைப்பின்னல் , நுண்நிதி நிறுவனங்கள் வலைப்பின்னல் , ஆரோஹன் நிதி சேவைகள் , சிறிய தொழில்கள் வளர்ச்சி வங்கி , இருப்பு வங்கி , நுண்நிதி நிறுவனங்கள் , அன்னபூர்ணா நிதி , சொனாட்டா நுண்நிதி ,