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Kotak News - Jan 2021
- 2020-11-06 : New FD rates for Kotak Bank
Kotak Bank changed its FD rates. The FD rates for 7 to 30 days is 2.50% and 31 to 90 days it is 2.75%. The fixed deposit rate for short tenor for 91 to 179 days it is 3.50% and it is 4.50% for 180 to 364 days. Fixed deposit rate for long tenors of 12 months to 389 days is 4.60%, for 369 days to less than four years is 4.90% and for four years one day to less than 5 years is 4.75%. The revised rates are in effect from 4 November 2020. - 2020-07-27 : Kotak Mahindra Bank Q1 net dips 8.5% to Rs. 1,244 cr
Kotak Mahindra Bank reported a fall of 8.5% in its standalone net profit at Rs.1,244 crores for the quarter ending 30 June 2020. It was Rs. 1,360 crores in the year-ago period. The net interest income backed by retail loans home, personal, gold, car loans and two-wheeler loans along with business and mudra loans increased by 17.81% to Rs. 3,723.85 crore. - 2020-04-08 : Kotak Mahindra Bank Q4 deposits grew by 20%
Kotak Mahindra Bank reported 20% year on year increase in its FD and RD base to Rs 2.59 trillion in the quarter ending March 2020 against Rs 2.16 trillion in the corresponding quarter of the preceding year. In addition to this, advances of the bank reported an increase of 6.7 per cent in Q4 FY20 to Rs 2.2 trillion compared to Rs 2.05 trillion a year ago. - 2020-03-05 : New FD rates for Kotak Bank
Kotak Bank changed its FD rates. The FD rates for 7 to 14 days is 3.50%, for 15 to 30 days it is 4% and 31 to 45 days it is 4.50%. The fixed deposit rate for short tenor of 46 to 90 days is 5.10%, for 91 to 120 days it is 5.25% and it is 5.30% for 121 to 179 days. Further, FD rates for 180 days is 5.75%, for 181 to 270 days it is 5.80% and it is 6.05% for 271 to 364 days. Fixed deposit rate for long tenors of 12 to 23 months is 6.20%, for 23 months one day to less than four years is 6.10% and for four years one day to 10 years is 6%. The revised rates are in effect from 5 March 2020. - 2020-02-13 : Revised FD rates for Kotak Bank
With effect from today, Kotak Bank has revised its FD rates. The revised rates for a tenure of 7 days to 14 days is 3.50, for 15-30 days the rate is 4.00%; the rate for 31 days to 45 days is 4.50%, for 46 days to 3 months the revised rate is 5.10%, for 91 days to 120 days the rate is 5.25% and for 121 days to 179 days the rate is 5.40%. The revised rates for 180 days is 5.75%, for a tenure of 181 days to 270 days the rate is 5.80%, for 271 days to 364 days the rate is 6.05 % and for 365 days to less than 3 years, the rate is 6.20%. For tenure of 3 years and less than 5 years, the interest rate is 6.10%, and the rate of interest is 6.00% for above 5 years to 10 years.
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