Kotak Mahindra Bank Ltd (KTKM.NS)
* Signs Memorandum of Understanding (MoU) for cross border business with Kotak Mahindra Bank Ltd for cross border business
MUMBAI - Kotak Mahindra Bank Ltd, India's fourth-biggest private sector lender by assets, reported a better-than-expected 29.5 percent rise in quarterly profit and said it would issue free shares to investors.
** India's central bank bars further FII purchases in Kotak Mahindra Bank shares
- Note: Reuters has not verified this story and does not vouch for its accuracy
MUMBAI - India's antitrust regulator has approved Kotak Mahindra Bank 's record $2.4 billion purchase of ING Vysya , it said in an order published on Friday.
MUMBAI, Feb 20 - India's antitrust regulator has approved Kotak Mahindra Bank 's record $2.4 billion purchase of ING Vysya, it said in an order published on Friday.
** Merger between Kotak and ING Vysya should be value-accretive but valuations reflect higher Street expectations from merger - HSBC
** The bank on Tuesday approved raising of foreign institutional investment limit to 42 percent (http://bit.ly/1GsC148)