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Top related persons:
Dipak Gupta - 3 Siddhi Nayak - 2 Tomasz Janowski - 2 Uday Kotak - 2 Kotak - 2 Prashant Kumar - 1 Clelia Oziel - 1 Ashok Vaswani - 1
Top related locs:
MUMBAI Mumbai India
Top related orgs:
Kotak Mahindra Bank - 3 Thomson - 3 Siddhi - 2 Reserve Bank of India - 2 ICICI Bank - 1 Yes Bank - 1 Citigroup Asia Pacific - 1 Barclays - 1

Search resuls for: "Dipak Gupta"


3 mentions found


☆ Top private Indian banks report strong Q2 profit rise as loan growth continues
  + stars: | 2023-10-21 | by ( Siddhi Nayak | ) www.reuters.com   time to read: +2 min
The bank's net interest income - the difference between interest earned and paid - rose nearly 24% to 183.08 billion rupees, while asset quality also improved. Kotak Mahindra Bank (KTKM.NS), the fourth largest Indian bank by market capitalisation, reported a 21% rise in loans for the second quarter, which contributed to a 24% increase in standalone net profit. Indian banks have consistently clocked double-digit loan growth over the past few months due to rising demand for credit, amid increased consumer spending. However, the banking regulator has been concerned about a sharp rise in unsecured loans - mostly personal loans and credit cards. "Although concerns (in the unsecured book) remain, they are not currently significant," said the bank's MD Prashant Kumar.
Persons: Dipak Gupta, Prashant Kumar, Siddhi Nayak, Clelia Oziel, Tomasz Janowski Organizations: ICICI Bank, Kotak Mahindra Bank, Yes Bank, Siddhi, Thomson Locations: MUMBAI
☆ India Kotak Mahindra Bank gets cenbank nod to appoint Ashok Vaswani as MD, CEO
  + stars: | 2023-10-21 | by ( Siddhi Nayak Ira Dugal | Siddhi Nayak | Ira Dugal | ) www.reuters.com   time to read: +2 min
MUMBAI, Oct 21 (Reuters) - India's central bank has approved the appointment of veteran banker Ashok Vaswani as managing director and chief executive of Kotak Mahindra Bank (KTKM.NS), the private lender said in an exchange filing on Saturday. Vaswani's appointment comes after billionaire Uday Kotak, who founded Kotak Mahindra Bank, resigned as the MD and CEO last month in a surprise move, citing personal reasons. Dipak Gupta, currently the managing director and CEO, will carry out the chief executive duties until Dec. 31, the bank had said last month. "I am delighted that the RBI has approved our recommendation, Ashok Vaswani, as the next CEO of Kotak Mahindra Bank," Kotak said in the filing, describing him as a "world class leader" with digital and customer focus. KVS Manian and Shanti Ekambaram, the two most senior bankers at Kotak Mahindra Bank, will remain on the board and keep their current roles, Gupta added.
Persons: Ashok Vaswani, Vaswani, Vaswani's, Uday Kotak, Dipak Gupta, Kotak, Gupta, KVS Manian, Shanti Ekambaram, Siddhi Nayak, Ira Dugal, William Mallard Organizations: Kotak Mahindra Bank, Citigroup Asia Pacific, Barclays, Reserve Bank of India, Kotak, Siddhi, Thomson Locations: MUMBAI
☆ Billionaire banker Uday Kotak steps down as CEO of Kotak Mahindra Bank
  + stars: | 2023-09-02 | by ( Jayshree P Upadhyay | ) www.reuters.com   time to read: +2 min
FILE PHOTO-Uday Kotak, Managing Director of Kotak Mahindra Bank poses for a picture at the company's corporate office in Mumbai January 15, 2015. Kotak Mahindra Bank is India's fourth largest private sector bank by assets. Dipak Gupta, currently the joint managing director, will carry out the chief executive duties until Dec. 31, the bank added. "I thought it appropriate to hand over the baton and stagger the transition," Kotak wrote. The bank has already made an application for the new managing director to India's central bank, the bank said in its exchange notification.
Persons: Uday Kotak, Danish Siddiqui, Dipak Gupta, Kotak, Amit Tandon, Tandon, Anand Dama, Jayshree, Chris Thomas, Miral Fahmy, Tomasz Janowski Organizations: Mahindra Bank, REUTERS, Danish, Kotak Mahindra Bank, Reserve Bank of India, Investor Advisory Services, Global Financial Services, Thomson Locations: Mumbai, India
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