Over the years, Kotak Mahindra Bank has grown significantly through strategic expansions and acquisitions, including the merger with ING Vysya Bank in 2015, which positioned it as one of the leading private sector banks in India.
The bank offers a wide range of banking products and financial services, catering to both corporate and retail customers. These include savings and current accounts, deposits, credit and debit cards, loans, insurance, and investment products. It also provides digital banking services through its mobile app and net banking platform.
Kotak Mahindra Bank has a strong presence across India with a wide network of branches and ATMs. It also has an international presence with branches and offices in locations like Dubai, London, New York, and Singapore. The bank is known for its customer-centric approach and its focus on technology-driven banking solutions.
Latest News on Kotak Mahindra Bank
Kotak Mahindra Bank Denies Involvement in IDBI Bank Disinvestment, Refutes Media Speculation – MSN
The Indian government’s plans to disinvest in IDBI Bank have been making headlines, with several banks and financial institutions being speculated as potential bidders. However, Kotak Mahindra Bank has come out to refute media reports suggesting its participation in the bidding process. In a statement, the bank clarified that it is not participating in the disinvestment process of IDBI Bank.
The government had announced its plans to sell a majority stake in IDBI Bank, which is currently owned by the state-owned Life Insurance Corporation of India (LIC) and the government. The move is part of the government’s broader strategy to consolidate and privatize state-owned banks. The disinvestment process is expected to attract significant interest from private sector banks and financial institutions, both domestic and international.
IDBI Bank is one of the largest public sector banks in India, with a network of over 1,800 branches and a significant presence in the corporate and retail banking segments. The bank has been struggling with high levels of non-performing assets (NPAs) and has been under pressure to improve its financial performance. The government’s decision to disinvest in the bank is seen as a move to bring in fresh capital and expertise to turn around the bank’s fortunes.
Kotak Mahindra Bank’s denial of participation in the bidding process has come as a surprise, given its reputation as one of the most aggressive and expansion-minded private sector banks in India. The bank has been actively looking to expand its presence in the Indian banking sector, and IDBI Bank’s disinvestment was seen as a potential opportunity for it to acquire a large and established bank.
Despite Kotak Mahindra Bank’s withdrawal, the disinvestment process is expected to attract significant interest from other bidders. Several other private sector banks, including Axis Bank, ICICI Bank, and HDFC Bank, are reportedly considering bidding for IDBI Bank. The government is expected to soon announce the names of the shortlisted bidders, and the disinvestment process is expected to be completed by the end of the fiscal year. The sale of IDBI Bank is expected to be a major milestone in the government’s efforts to consolidate and privatize the Indian banking sector.
Uday Kotak has been conferred with the prestigious Padma Bhushan award
On January 26, 2026, Uday Kotak, the Founder and Director of Kotak Mahindra Bank, was conferred the Padma Bhushan award for his significant contributions to the trade and industry sector. The Padma Bhushan is the third-highest civilian award in India, and Kotak was among 131 recipients of the Padma Awards 2026. Upon receiving the award, Kotak expressed his gratitude and humility, stating that the India of today is unrecognizable from the one he was born in. He noted that the journey has been exhilarating and that he chooses the path of karma with a sense of paranoia, aspiration, and consciousness of ground realities.
Kotak’s award was recognized by Union Minister of Commerce and Industry Piyush Goyal, who congratulated him on his achievement. Goyal noted that Kotak’s contributions to strengthening the country’s financial sector have been significant and reflective of strong leadership and a long-term vision. The Padma Awards 2026 were announced by the Ministry of Home Affairs on the eve of the 77th Republic Day, recognizing excellence and service across diverse fields, including art, public affairs, medicine, literature, and education.
The 2026 list comprises 131 awardees, including five Padma Vibhushan, 13 Padma Bhushan, and 113 Padma Shri recipients. The awards also include 19 women awardees, six individuals from the category of foreigners or persons of Indian origin abroad, and 16 posthumous honors. Kotak’s award is a testament to his dedication and hard work in shaping modern Indian banking. As he said, “We have miles to go before we sleep,” indicating that there is still much work to be done to further advance India’s banking ecosystem and make the country even greater.
The recognition of Kotak’s contributions to the trade and industry sector is a significant milestone in his career, and his award is an inspiration to many. The Padma Awards 2026 are a celebration of the achievements of individuals who have made significant contributions to their respective fields, and Kotak’s award is a well-deserved recognition of his efforts. With his award, Kotak joins a list of esteemed individuals who have been recognized for their excellence and service to the nation.
Our journey is far from over, and there’s still much ground to cover before we can rest: Uday Kotak after being conferred the Padma Bhushan.(Note: The original quote is a reference to Robert Frost’s poem Stopping by Woods on a Snowy Evening, and I’ve tried to maintain the essence of the phrase while rephrasing it)
Uday Kotak, the Founder and Director of Kotak Mahindra Bank, was conferred with the Padma Bhushan award on January 26, 2026, for his significant contributions to the trade and industry sector. Kotak expressed his gratitude and humility upon receiving the award, stating that the India of today is unrecognizable from the one he was born in. He noted that the journey has been exhilarating, but there is still much work to be done. Kotak chose to focus on the path of karma, with a sense of aspiration and paranoia, while being conscious of ground realities. He believes that the people of India will make the country even greater.
Union Minister of Commerce and Industry Piyush Goyal congratulated Kotak on his achievement, acknowledging his instrumental role in shaping modern Indian banking. Goyal praised Kotak’s contributions to strengthening the country’s financial sector, which reflect strong leadership and a long-term vision. The Padma Bhushan award is one of the highest civilian honors in India, and it is given to recognize excellence and service in various fields.
The Ministry of Home Affairs announced the Padma Awards 2026 on the eve of the 77th Republic Day, recognizing 131 awardees across diverse fields such as art, public affairs, medicine, literature, education, sports, science, and engineering. The awards include five Padma Vibhushan, 13 Padma Bhushan, and 113 Padma Shri recipients. This year’s honors include 19 women awardees, six individuals from the category of foreigners or persons of Indian origin abroad, and 16 posthumous honors.
Kotak’s award is a testament to his dedication and hard work in the banking sector. As one of the leading bankers in India, he has played a significant role in shaping the country’s financial landscape. His contributions have been recognized not only in India but also globally. The Padma Bhushan award is a well-deserved recognition of his efforts, and it will undoubtedly inspire others to follow in his footsteps. With his acceptance of the award, Kotak has reiterated his commitment to the development of India and its people, and his words will surely resonate with many.
Stock Market Updates of Kotak Mahindra Bank
Recent Updates
Kotak Mahindra Bank’s Q3 profit after tax increases by 4% to ₹3,446 crore
Kotak Mahindra Bank has announced its financial results for the third quarter ended December 31, 2025. The bank reported a 4% year-on-year (YoY) growth in net profit, reaching ₹3,446 crore. The Net Interest Income (NII) for the quarter increased by 5% YoY to ₹7,565 crore. However, the Net Interest Margin (NIM) was lower at 4.54% compared to 4.93% in the same period last year.
The bank’s net advances saw a significant increase of 16% YoY, reaching ₹4,80,673 crore as of December 31, 2025. Total deposits also grew by 15% YoY to ₹5,42,638 crore. The provisions for the quarter were ₹810 crore, slightly higher than the ₹794 crore reported in the same period last year.
The bank’s asset quality showed improvement, with the Gross Non-Performing Assets (GNPA) ratio decreasing to 1.30% from 1.50% in the same period last year. The Net Non-Performing Assets (NNPA) ratio also declined to 0.31% from 0.41% in the same period last year. The Provision Coverage Ratio stood at 76% as of December 31, 2025.
On a consolidated basis, the bank reported a net profit of ₹4,924 crore, representing a 5% YoY growth. The results indicate a steady performance by the bank, with growth in net advances and deposits, and improvement in asset quality. However, the lower NIM and slightly higher provisions may be areas of concern. Overall, the bank’s financial performance for the quarter suggests a positive trend, with the bank continuing to grow and expand its operations. The results were announced on January 25, 2026.
Kotak Mahindra Bank Sees 4% Increase in Net Profit for Third Quarter of Fiscal Year 2026
Kotak Mahindra Bank has reported a consolidated net profit of ₹3,446 crore for the third quarter of the financial year 2026, marking a 4.3% annual increase. The growth in net profit is attributed to improved net interest income (NII) and enhanced operating income, driven by an increase in advances. The bank’s advances have played a significant role in bolstering its profitability, leading to higher interest income. The rise in advances is a result of the bank’s focus on expanding its retail lending portfolio, which has seen increased demand as economic activities gain momentum post-pandemic.
The bank’s commitment to delivering robust growth while managing risks effectively has been reflected in its consistent performance in the competitive banking sector. Kotak Mahindra Bank has been focusing on digitization and customer-centric services, which has contributed to its strong performance. The bank has embraced technology to enhance customer experience, making banking services more accessible. Analysts suggest that this focus on digitization and customer-centric services has been a key factor in the bank’s success.
The Indian banking sector is continuing to evolve, and institutions like Kotak Mahindra Bank are finding new ways to adapt and thrive, showcasing resilience against various economic challenges. With a continued emphasis on prudent growth strategies and customer engagement, the bank aims to maintain its upward trajectory in the coming quarters. The bank’s representative stated, “We remain committed to delivering robust growth while ensuring that we manage risks effectively.” This commitment to growth and risk management is expected to drive the bank’s future performance.
Overall, Kotak Mahindra Bank’s financial results for the third quarter of FY26 are a positive indication of the bank’s strong performance and its ability to navigate the competitive banking sector. The bank’s focus on retail lending, digitization, and customer-centric services is expected to continue driving growth and profitability in the coming quarters. With its strong foundation and commitment to growth, Kotak Mahindra Bank is well-positioned to maintain its position as one of India’s leading private sector banks.
Kotak Bank’s Q3 Profit Sees 4% Increase, Reaching Rs 3,446 Crore: Rediff Money News
Kotak Mahindra Bank has reported a 4% increase in standalone net profit to Rs 3,446 crore for the third quarter ended December 2025, compared to Rs 3,305 crore in the same period last year. The bank’s total income rose to Rs 16,741 crore from Rs 16,050 crore, with interest income growing to Rs 13,903 crore from Rs 13,428 crore. Net Interest Income (NII) increased to Rs 7,565 crore from Rs 7,196 crore, but Net Interest Margin (NIM) declined to 4.54% from 4.93% due to increased competition and market conditions.
The bank’s asset quality showed improvement, with the gross non-performing asset (NPA) ratio decreasing to 1.30% from 1.50% and net NPA easing to 0.31% from 0.41%. However, provisions rose to Rs 810 crore from Rs 794 crore. The bank’s capital adequacy ratio moderated slightly to 22.63% from 22.79%. On a consolidated basis, the bank’s profit rose 5% to Rs 4,924 crore, including an estimated incremental cost of Rs 98 crore due to the new Labour Code.
Kotak Mahindra Bank’s Total Customer Assets Under Management grew to Rs 7,87,950 crore from Rs 6,85,134 crore, while the consolidated net worth was Rs 1,75,251 crore. The bank’s performance was driven by growth in its retail and corporate banking segments. The decline in NIM was a concern, but the improvement in asset quality and increase in customer assets were positive developments. Overall, the bank’s results were in line with expectations, and it remains one of the well-managed private sector banks in India.
The bank’s management will likely focus on maintaining its asset quality and improving its NIM in the coming quarters. The new Labour Code is expected to have a minimal impact on the bank’s operations, and the bank is well-positioned to take advantage of the growing demand for banking services in India. With its strong balance sheet and diversified business mix, Kotak Mahindra Bank is expected to continue to deliver steady growth and profitability in the future. The bank’s results were a testament to its ability to navigate challenging market conditions and maintain its position as a leading player in the Indian banking sector.
IDBI Bank Disinvestment: Government Seeks Financial Bids, Expects Decision by March
The Indian government has taken a significant step towards the privatization of IDBI Bank Ltd. by formally inviting financial bids for its strategic disinvestment. This move marks a crucial milestone in the long-pending process, with the government aiming to announce the winning bidder by the end of March 2026. The Centre plans to divest a 30.48% stake in IDBI Bank, valued at around Rs 36,000 crore, while Life Insurance Corporation of India (LIC) will sell a 30.24% stake, taking the total stake on offer to 60.72% with an estimated combined valuation of nearly Rs 72,000 crore.
The disinvestment process began on January 7, 2023, when the Department of Investment and Public Asset Management (DIPAM) received multiple expressions of interest from potential bidders. Fairfax Financial, led by Prem Watsa, and Kotak Mahindra Bank are among the leading contenders for the asset. However, Emirates NBD, which had initially shown interest, is no longer considered a likely contender after announcing its intention to acquire a stake in RBL Bank.
The IDBI Bank transaction is expected to be one of the largest banking-sector privatizations in India, with both the government and LIC exiting a controlling stake. The timelines for the transaction remain contingent on regulatory clearances and bidder preparedness. The government has not set a separate target for disinvestment proceeds, which will be accounted for under the broader category of “miscellaneous capital receipts.” In the current fiscal, disinvestment proceeds have amounted to just Rs 8,768 crore.
The privatization of IDBI Bank is a significant step towards the government’s goal of reducing its stake in public sector banks. The transaction is expected to attract significant interest from investors, given the bank’s potential for growth and expansion. With the formal invitation for financial bids, the process is now expected to gain momentum, and the government is hopeful of completing the transaction by the end of the current financial year. However, the final closure of the transaction may extend beyond the current financial year, depending on the regulatory clearances and bidder preparedness.
Next week’s Q3 earnings calendar: BHEL, Indigo, Kotak Bank, BPCL, and Adani Green are among the top companies set to announce their financial results for 2026.
The third quarter (Q3) earnings season for the fiscal year 2026 is set to begin, with several prominent companies scheduled to declare their financial results next week. Some of the notable companies that will be announcing their Q3 earnings include BHEL, Indigo, Kotak Bank, BPCL, and Adani Green.
Bharat Heavy Electricals Limited (BHEL): The state-owned engineering and manufacturing company is expected to report a significant improvement in its profitability due to a surge in demand for its products and services. Analysts are expecting BHEL to post a net profit of around ₹500-600 crore for the quarter ended December 2025.
InterGlobe Aviation (Indigo): The low-cost carrier is likely to report a strong set of numbers, driven by a recovery in air travel demand and an increase in passenger traffic. The company is expected to post a net profit of around ₹800-1,000 crore for the quarter.
Kotak Mahindra Bank: The private sector lender is expected to report a moderate growth in its net profit, driven by a rise in interest income and a stable asset quality. Analysts are expecting the bank to post a net profit of around ₹2,500-3,000 crore for the quarter.
Bharat Petroleum Corporation Limited (BPCL): The state-owned oil refiner is likely to report a significant decline in its net profit due to a sharp fall in refining margins and a rise in crude oil prices. The company is expected to post a net profit of around ₹1,500-2,000 crore for the quarter.
Adani Green Energy: The renewable energy company is expected to report a strong set of numbers, driven by a rise in electricity generation and a stable operational performance. Analysts are expecting the company to post a net profit of around ₹200-300 crore for the quarter.
Other companies that are scheduled to declare their Q3 earnings next week include Larsen & Toubro, Axis Bank, and Tata Motors, among others. The Q3 earnings season is expected to be a crucial indicator of the overall health of the Indian economy, with investors and analysts closely watching the performance of these companies to gauge the trends and outlook for the future. The results will also provide insights into the impact of various macroeconomic factors, such as inflation, interest rates, and global economic trends, on the performance of these companies.
Five Banks, Including City Union Bank, DCB Bank, and J&K Bank, Hike Fixed Deposit Rates, Offering Up to 7.65% Interest for Senior Citizens
This week, six banks in India revised their fixed deposit (FD) rates, continuing a trend of reductions over the past few months. The revised rates for senior citizens now range between 6.50% and 8.00% across most banks. The banks that revised their FD rates include City Union Bank, DCB Bank, J&K Bank, South Indian Bank, Kotak Mahindra Bank, and AU Small Finance Bank.
City Union Bank, a private sector bank, revised its FD interest rates on January 14, 2026. The bank is now offering senior citizens a deposit rate of 7.25%, while super senior citizens (those 80 years and above) can earn a deposit rate of 7.50%. The revised interest rates for senior and super senior citizens at City Union Bank vary depending on the tenure of the deposit. For senior citizens, the rates are: 7.00% for 365-499 days, 7.25% for 500 days, 6.75% for 501 days to three years, and 6.50% for above three years to 10 years.
For super senior citizens, the rates are slightly higher: 7.05% for 365-499 days, 7.50% for 500 days, 6.80% for 501 days to three years, and 6.60% for above three years to 10 years. These revised rates are indicative of the current market trend, where banks are adjusting their interest rates in response to changes in the economy and monetary policy. It is essential for depositors to review the revised rates and consider their options before making any investment decisions. The changes in FD rates may impact the returns on deposits, and individuals should evaluate their financial goals and risk tolerance before choosing a deposit tenure and bank.
Upcoming Q3 earnings: Kotak Bank, BHEL, IndiGo, and Hind Zinc set to announce results next week – here are the key dates
The week starting January 19 is expected to be a busy one for corporate earnings, with several major companies across various sectors announcing their financial results for the quarter ended December 31, 2025. On Monday, January 19, Punjab National Bank (PNB), IRFC, LTIMindtree, Bharat Heavy Electricals (BHEL), Hindustan Zinc, and Havells India are among the companies that will report their earnings. Tata Capital and Oberoi Realty will also announce their numbers on the same day.
On Tuesday, January 20, United Spirits, SRF, AU Small Finance Bank, Persistent Systems, Gujarat Gas, IndiaMart InterMesh, and CreditAccess Grameen are scheduled to report their earnings. Wednesday, January 21, will see results from Dr Reddy’s Laboratories, Tata Communications, Dalmia Bharat, Hindustan Petroleum (HPCL), Bank of India, UTI Asset Management, and Canara HSBC Life Insurance.
Thursday, January 22, will feature results from InterGlobe Aviation (IndiGo), DLF, Bandhan Bank, CAMS, Coforge, and Home First Finance. On Friday, January 23, JSW Steel, Bharat Petroleum (BPCL), IndusInd Bank, Cipla, Adani Green Energy, Urban Company, and Piramal Finance will announce their numbers. The week will conclude with Kotak Mahindra Bank and UltraTech Cement reporting their earnings on Saturday, January 24.
Some of the key companies to watch out for during the week include Reliance Industries, HDFC Bank, and ICICI Bank, which have already announced or are set to announce their earnings. The banking sector will be in focus, with several public and private sector banks reporting their numbers. The IT sector will also be closely watched, with companies like LTIMindtree and Persistent Systems announcing their earnings. Overall, the week is expected to provide valuable insights into the performance of various sectors and companies, and will be closely watched by investors and analysts.
Kotak Mahindra Bank Names Anup Kumar Saha as Whole Time Director
Kotak Mahindra Bank has announced the appointment of Anup Kumar Saha as Whole-time Director, subject to regulatory approvals. Saha will join the bank’s senior management team on January 12, 2026, and will oversee Consumer Banking, Marketing, and Data Analytics functions. He brings with him a wealth of experience in the financial sector, having previously served as Managing Director at Bajaj Finance and holding senior leadership roles at ICICI Bank.
During his tenure at Bajaj Finance, Saha played a key role in transforming the company into one of India’s leading non-banking financial companies in the consumer finance space. He drove business transformation, digital innovation, and customer-centric strategies, expanding the customer base to 100 million and diversifying the product portfolio. Prior to Bajaj Finance, Saha spent 14 years at ICICI Bank, developing expertise in consumer and retail banking, data analytics, and digital transformation.
Saha’s appointment is expected to deepen Kotak Mahindra Bank’s leadership capabilities and accelerate customer-focused transformation, digital innovation, and data-led decision-making. The bank’s Chairman, CS Rajan, and Managing Director and CEO, Ashok Vaswani, welcomed Saha’s appointment, citing his leadership in scaling businesses, driving digital transformation, and building customer-centric organizations.
Saha expressed his excitement and honor at joining Kotak Mahindra Bank, stating that he looks forward to working with the leadership team to drive innovation, deepen customer relationships, and create long-term value for all stakeholders. His appointment underscores the bank’s commitment to building a market-leading financial services business and a strong bench of experienced leaders.
With Saha’s extensive understanding of retail finance, data-driven growth, and innovation, Kotak Mahindra Bank is poised to accelerate its strategy and deliver greater value to its customers. The bank’s senior leadership team is now strengthened, and Saha’s expertise is expected to have a significant impact on the bank’s future growth and success. Overall, Saha’s appointment is a significant development for Kotak Mahindra Bank, and his leadership is expected to drive the bank’s continued success in the financial sector.
Kotak Mahindra Bank bolsters its leadership roster with the appointment of Anup Kumar Saha as Whole-time Director, enhancing its top-tier management team
Kotak Mahindra Bank has announced the appointment of Anup Kumar Saha as Whole-time Director, subject to regulatory approvals. Saha will join the bank’s senior management team on January 12, 2026, and will be responsible for overseeing consumer banking, marketing, and data analytics functions. He brings with him a wealth of experience in the financial sector, having previously served as Managing Director at Bajaj Finance, where he played a key role in transforming the company into one of India’s leading consumer finance NBFCs.
During his eight-year tenure at Bajaj Finance, Saha led business transformation, digital innovation, and customer-focused strategies, expanding the customer base to 100 million and diversifying the product portfolio. Prior to joining Bajaj Finance, he spent 14 years at ICICI Bank in senior leadership roles, building expertise in consumer and retail banking, data analytics, and digital transformation.
Saha’s appointment is seen as a significant move by Kotak Mahindra Bank to strengthen its leadership depth and drive customer-centric transformation, digital innovation, and data-led strategies. The bank’s Chairman, CS Rajan, and Managing Director and CEO, Ashok Vaswani, have welcomed Saha to the board, citing his leadership skills and experience in scaling businesses, driving digital transformation, and building customer-centric organizations.
Saha has expressed his excitement and honor at joining Kotak Mahindra Bank, one of India’s most trusted financial services conglomerates. He looks forward to working with the leadership team to build on the bank’s strong foundation, drive innovation, deepen customer relationships, and create value for all stakeholders. With his extensive understanding of retail finance, data-driven growth, and innovation, Saha is expected to play a key role in accelerating the bank’s strategy and delivering greater value to its customers.
Overall, Saha’s appointment is a significant development for Kotak Mahindra Bank, and is expected to have a positive impact on the bank’s growth and transformation in the years to come. His experience and expertise will be invaluable in driving the bank’s customer-centric approach, digital innovation, and data-led strategies, and in reinforcing the bank’s leadership position in the financial sector.
Anup Kumar Saha joins Kotak Mahindra Bank as Whole-Time Director
Kotak Mahindra Bank has appointed Anup Kumar Saha as Whole-time Director, pending regulatory approvals. Effective January 12, 2026, Saha will join the bank’s Senior Management team as Whole-time Director (Designate). He will be responsible for overseeing consumer banking and digital functions, with a focus on enhancing the bank’s customer-centric approach, digital innovation, and data-driven strategies.
Saha brings a wealth of experience to his new role, having previously served as Managing Director at Bajaj Finance Limited. During his eight-year tenure, he played a key role in transforming the company into one of India’s leading non-banking financial companies (NBFCs) in consumer finance. Under his leadership, the customer base expanded to 100 million, and the product portfolio was diversified through digital innovation and customer-focused strategies.
Prior to his time at Bajaj Finance, Saha spent 14 years at ICICI Bank in senior leadership roles, developing expertise in consumer and retail banking, data analytics, and digital transformation. His extensive understanding of retail finance, data-driven growth, and innovation is expected to help Kotak Mahindra Bank accelerate its strategy and deliver greater value to its customers.
The appointment of Saha has been welcomed by the bank’s leadership, with Chairman CS Rajan stating that his leadership skills will be invaluable in strengthening the bank’s position in the financial sector. MD & CEO Ashok Vaswani added that Saha’s expertise will help drive innovation and deepen customer relationships. Saha himself expressed his enthusiasm for working with the leadership team to build on the bank’s strong foundation and create value for all stakeholders. The appointment is effective from January 12, 2026, and is subject to regulatory approvals.
Equity market fundraising expected to surge, fueled by billion-dollar-plus IPOs, according to Kotak Investment Banking
India’s equity capital markets are expected to have a strong year in 2026, with total issuance volumes projected to cross ₹6 lakh crore, according to Kotak Investment Banking. The firm predicts that initial public offerings (IPOs) alone will reach ₹2.5 lakh crore, with new-age technology and consumer-facing companies leading the way. A significant portion of the fundraising, around 35%, is expected to come from large IPOs worth over $1 billion. This is consistent with the trend seen in the previous year, where new-age companies dominated the market.
Despite a mixed year for equity capital markets in 2025, with overall ECM volumes falling 18% year-on-year, IPO activity grew 13% amidst global volatility. Mergers and acquisitions activity is also expected to improve, with deal volumes projected to rise 10-15% in 2026. Domestic institutional investors (DIIs) are expected to remain the primary drivers of ECM activity, having played a crucial role in absorbing foreign outflows of nearly $19 billion in 2025.
Yield-oriented products, such as real estate investment trusts (REITs) and infrastructure investment trusts (InvITs), are expected to continue attracting capital in 2026. These products raised around ₹28,000 crore in 2025, aided by favorable regulations and investor preference for stable income. Qualified institutional placements (QIPs) and block deals are also expected to remain robust, with rising average deal sizes indicating a year of mega issuances.
The outlook for 2026 is positive, with Kotak Investment Banking’s managing director, V Jayasankar, stating that “a lot of billion-dollar-plus IPOs will happen” and that new-age companies will continue to be at the forefront of fundraising. The firm’s predictions are based on a deep pipeline of IPOs, QIPs, block deals, and yield-oriented products, and suggest that India’s equity capital markets are set for another strong year. Overall, the expected growth in ECM activity is a positive sign for the Indian economy, indicating increased investor confidence and a strong pipeline of fundraising opportunities.
Top FD Options for Seniors: Earn Up to 8% Interest Annually with These High-Yielding Fixed Deposits – View Complete List on Goodreturns
Best Fixed Deposits for Senior Citizens: Earn Up to 8% Annual Return
As a senior citizen, it’s essential to invest in a secure and stable financial instrument that provides a regular income stream. Fixed Deposits (FDs) are an excellent option, offering a fixed return on investment with minimal risk. Here’s a list of the best FDs for senior citizens, providing up to 8% annual return.
Top Banks Offering High-Return FDs for Senior Citizens
Several banks in India offer attractive interest rates on FDs for senior citizens. Some of the top banks include:
- Yes Bank: Offers 7.50% interest rate for 3-4 year tenure and 7.25% for 2-3 year tenure.
- IndusInd Bank: Provides 7.40% interest rate for 3-4 year tenure and 7.20% for 2-3 year tenure.
- Kotak Mahindra Bank: Offers 7.30% interest rate for 3-4 year tenure and 7.10% for 2-3 year tenure.
- HDFC Bank: Provides 7.25% interest rate for 3-4 year tenure and 7.00% for 2-3 year tenure.
- ICICI Bank: Offers 7.20% interest rate for 3-4 year tenure and 6.95% for 2-3 year tenure.
Other Banks Offering Attractive FD Rates
In addition to the above-mentioned banks, other financial institutions also offer competitive interest rates on FDs for senior citizens. These include:
- Bajaj Finance: Offers 8.00% interest rate for 3-4 year tenure.
- Mahindra Finance: Provides 7.80% interest rate for 3-4 year tenure.
- SBI: Offers 7.10% interest rate for 3-4 year tenure.
- Axis Bank: Provides 7.05% interest rate for 3-4 year tenure.
Key Benefits of FDs for Senior Citizens
Fixed Deposits offer several benefits for senior citizens, including:
- Guaranteed Returns: FDs provide a fixed return on investment, ensuring a regular income stream.
- Low Risk: FDs are a low-risk investment option, making them ideal for senior citizens.
- Flexibility: FDs offer flexible tenure options, allowing senior citizens to choose the investment period that suits their needs.
- Tax Benefits: Interest earned on FDs is taxable, but senior citizens can claim a deduction of up to Rs. 50,000 under Section 80TTB.
In conclusion, senior citizens can earn up to 8% annual return on their investments by opting for the best FDs offered by various banks and financial institutions. It’s essential to compare the interest rates and tenure options before making an investment decision.
Venezuela’s oil wealth sparks US interest, highlighting the global scramble for strategic resources, says Uday Kotak
Kotak Mahindra Bank founder Uday Kotak recently commented on the US’s actions in Venezuela, stating that it reflects the “race for hard power” between nations in today’s world. The US has taken control of Venezuela, a country with the largest oil reserves on earth, and plans to invest billions of dollars in the oil industry. President Donald Trump announced that American oil companies would fix the broken infrastructure and start producing oil, recovering assets that were previously nationalized by Venezuela’s former President Hugo Chavez.
Venezuela’s President Nicholas Maduro and his wife Cilia Flores were captured and flown to the US, where they will face charges for alleged drug trafficking. The US has stated that it will “run” Venezuela until a “safe, proper and judicious transition” can be ensured. Venezuela has denounced the US’s actions as “military aggression” and has announced a state of national emergency.
Kotak’s comments highlight the increasing importance of hard power in international relations, where countries are prioritizing their economic and strategic interests over diplomacy and cooperation. The US’s actions in Venezuela are seen as a prime example of this trend, where the pursuit of oil reserves and economic interests has led to military intervention.
The situation in Venezuela has significant implications for global politics and economy. The US’s involvement in the country’s oil industry is likely to have far-reaching consequences, including the potential for increased oil production and revenue for the US. However, it also raises concerns about the impact on Venezuela’s sovereignty and the potential for instability in the region.
The capture of Maduro and his wife has also sparked a strong reaction from Venezuela, with the country’s Vice President stating that Maduro is the only legitimate leader. The US’s plans to try the couple for alleged drug trafficking have added a new dimension to the crisis, with potential implications for the US-Venezuela relationship and the wider region. Overall, the situation in Venezuela highlights the complexities and challenges of international relations in the modern world, where economic and strategic interests often collide with diplomacy and cooperation.
Ankush Aggarwal and Sahil Sikka have been appointed by PSB Xchange.
PSB Xchange, a digital marketplace platform for financial solutions, has announced two key appointments to its leadership team. Ankush Aggarwal has been appointed as Chief Experience Officer, while Sahil Sikka will take on the role of Chief Business and Financial Officer. Both Aggarwal and Sikka join PSB Xchange from SG Finserve, where Aggarwal was the Chief Experience Officer and Sikka was the Chief Operating Officer and Chief Financial Officer.
The appointments are seen as a significant strengthening of the leadership bench at PSB Xchange, which is a subsidiary of Veefin Solutions. Veefin Solutions had recently acquired a 49% stake in White Rivers Media, indicating its growing presence in the financial solutions space. Sorabh Dhawan, CEO of PSB Xchange and Veefin Solutions, expressed his pleasure at welcoming Aggarwal and Sikka to the team, citing their expertise and experience as critical to driving sustainable growth and long-term value for stakeholders.
Aggarwal brings a wealth of experience in building experience-led, technology-driven operating models, having worked with prominent banks such as Kotak Mahindra Bank Limited and IndusInd Bank. Sikka, on the other hand, has a proven track record of scaling businesses with strategic clarity and governance discipline, with stints at HFCB Bank, Aditya Birla Finance, and Kotak Mahindra Bank.
The appointments are expected to play a pivotal role in driving the growth of PSB Xchange, which is looking to deepen its engagement with banks and financial institutions. With their combined expertise, Aggarwal and Sikka will be responsible for driving the platform’s strategy, execution, and growth, and are expected to make a significant impact on the company’s future success. Overall, the appointments are a positive development for PSB Xchange, and are seen as a significant step forward in the company’s mission to provide innovative financial solutions to its customers.
PSB Xchange announces key leadership appointments, naming Ankush Aggarwal as Chief Experience Officer (CXO) and Sahil Sikka as Chief Business Officer (CBO) and Chief Financial Officer (CFO).
PSB Xchange, a digital marketplace for financial solutions, has announced the appointment of two new leaders to its team. Ankush Aggarwal has been appointed as Chief Experience Officer, bringing over 20 years of experience in corporate banking and SME segments. He specializes in building client servicing frameworks, driving digital transformation, and enabling process automation, with a focus on experience-led growth. Aggarwal has previously worked at Kotak Mahindra Bank, IndusInd Bank, and SG Finserve, where he led cross-functional initiatives and aligned technology, operations, and business strategy to deliver scalable and compliant experience models.
Alongside Aggarwal, Sahil Sikka has been appointed as Chief Business Officer and Chief Financial Officer. Sikka brings over 15 years of experience in banking and financial services, with a background in building, scaling, and transforming businesses. He was part of the founding leadership team at SG Finserve, where he played a key role in building a listed NBFC from the ground up. Sikka has also worked with HDFC Bank, Aditya Birla Finance, and Kotak Mahindra Bank, driving growth across corporate banking and structured finance.
In their new roles, Aggarwal will focus on building intuitive and seamless experiences for banks, corporates, and ecosystem partners, while Sikka will focus on strengthening PSB Xchange’s growth strategy, scaling the business sustainably, and driving long-term value creation. The appointments are expected to significantly strengthen the leadership bench at PSB Xchange, with CEO Sorabh Dhawan stating that the new leaders will play a pivotal role in driving sustainable growth and long-term value for stakeholders.
The appointments come as PSB Xchange continues to scale and deepen its engagement with banks and financial institutions. The platform aims to provide a digital marketplace for financial solutions, and the new leaders are expected to bring expertise and experience to help drive this vision forward. With Aggarwal’s focus on experience-led growth and Sikka’s expertise in scaling businesses, PSB Xchange is well-positioned to achieve its goals and create long-term value for its stakeholders. Overall, the appointments are a significant development for PSB Xchange, and are expected to have a positive impact on the company’s growth and success.
Uday Kotak shares his vision for 2026, amid concerns over global upheaval, saying ‘watch us thrive in…’
As 2025 comes to a close, Uday Kotak, the founder of Kotak Mahindra Bank, has taken to social media to reflect on the significant economic, technological, and social changes his generation has witnessed. In a post, Kotak expressed his gratitude for the opportunities his generation has had, citing the advent of television, space exploration, emails, smartphones, and exponential computing power. He also noted the absence of world wars and economic depressions, as well as the growth of financial markets.
However, Kotak also highlighted some of the potential downsides of these advancements, including the decline of in-person interactions, environmental degradation, and increased social divisions. He also noted the rise of transient and transactional relationships, as well as the dominance of “hard power” over “soft power” in international relations. Kotak expressed his hope that in the coming year, 2026, people will be able to progress with “conviction, sensitivity, and equanimity.”
The post generated a range of reactions from users, with some agreeing with Kotak’s assessment and others offering their own perspectives. One user noted that the erosion of the value of money over time has been a significant driver of economic stress, while another praised Kotak for acknowledging the existence of India before 2014, a reference to the current government’s tenure. The post has sparked a conversation about the complexities of progress and the need to balance economic growth with social and environmental considerations.
Kotak’s reflection is a timely reminder of the need to consider the broader implications of technological and economic advancements. As the world hurtles towards a more interconnected and complex future, it is essential to prioritize sensitivity, empathy, and equanimity in our pursuit of progress. By acknowledging both the benefits and drawbacks of the changes his generation has witnessed, Kotak is encouraging a more nuanced conversation about the kind of world we want to create in the years to come.
Among the prominent banks are SBI, HDFC Bank, Axis Bank, ICICI Bank, Kotak Mahindra, and Bank of Baroda.
Several major Indian banks have announced changes to their fixed deposit (FD) interest rates, affecting customers who invest in these instruments. The changes vary by bank and tenure, but overall, they offer returns ranging from 5.9% to 6.95% for different terms.
State Bank of India (SBI), the country’s largest lender, has been offering 6.25% returns on FDs with a tenure of one year to less than two years, and 6.40% for two to less than three years. Senior citizens receive higher returns, with 6.75% on one-year to two-year FDs and 6.90% on two-year to less than three-year FDs. These changes took effect on December 15.
HDFC Bank, another major player, introduced new interest rates on December 17. The bank offers 6.25% for one-year tenures, 6.35% for 15 months to less than 18 months, and 6.45% for two years. Senior citizens are eligible for 6.75% on one-year tenures and 6.95% on two-year tenures.
Axis Bank also revised its FD interest rates, effective December 26. The bank now offers 6.25% for one-year tenures and 6.45% for two years. Senior citizens can earn 6.75% on one-year FDs and 6.95% on two-year FDs.
Canara Bank has also revised its interest rates, with a new rate of 5.9% for FDs with a maturity period of one year to 15 months. Senior citizens, however, can earn 6.40% for the same period.
These changes reflect the ongoing evolution of the Indian banking sector, with lenders adjusting their interest rates to stay competitive and respond to market conditions. Customers can take advantage of these revised rates to maximize their returns on fixed deposits, depending on their individual investment goals and preferences. It is essential for investors to review the updated interest rates and terms offered by each bank to make informed decisions about their investments.
DRAT Orders 9% Interest Refund to Buyer [Full Order Inside]
The Debts Recovery Appellate Tribunal (DRAT) in Kolkata has dismissed an appeal by Kotak Mahindra Bank Ltd., upholding the order of the Debts Recovery Tribunal (DRT) in Visakhapatnam. The DRT had annulled an e-auction sale and directed the bank to refund the auction purchaser’s deposit with interest due to the bank’s negligence in serving the auction notice. The case was filed by borrower Vudutha Rajendra Prasad against Kotak Mahindra Bank and others, challenging the validity of the e-auction sale notice.
The DRT found that the bank’s authorized officer had failed to comply with statutory requirements under the Security Interest (Enforcement) Rules, 2002, particularly the obligation to serve and publish the sale notice. As a result, the auction was set aside, and the bank was directed to refund the deposit with 9% interest per annum. Kotak Mahindra Bank appealed to the DRAT, challenging only the award of interest, arguing that the tender documents contained a clause prohibiting bidders from claiming interest.
However, the DRAT upheld the DRT’s findings, observing that the authorized officer had committed patent illegalities by failing to serve and publish the mandatory notice. The Tribunal cited the Supreme Court’s ruling in CELIR LLP v. Bafna Motors (2024), reiterating that banks and their officers are duty-bound to strictly follow statutory provisions. The DRAT rejected the bank’s reliance on the tender clause, holding that such contractual terms cannot override statutory obligations or shield the bank from liability arising from its own negligence.
The Tribunal directed that the refund with interest must be completed within 30 days, reinforcing the principle that auction purchasers are entitled to protection when banks fail to adhere to statutory procedures. The case, Kotak Mahindra Bank Ltd vs MD Developers, Madala Narendra Kumar, was decided on December 16, 2025, with Justice Anil Kumar Srivastava presiding. The judgment emphasizes the importance of banks following statutory provisions and being held accountable for their negligence. The decision also highlights the need for banks to ensure that their procedures are in line with the law to avoid such situations in the future.
Peers may follow, but Kotak holds out: The argument against spinning off subsidiaries
Kotak is on the lookout for inorganic growth opportunities that meet certain strategic criteria. According to the company, an attractive opportunity should bring in a large number of new customers, provide access to significant deposits, or enhance the existing portfolio. The key considerations for evaluating potential deals include the strategic fit and valuation of the target. If both of these factors are favorable, the company is willing to pursue the transaction.
The company has a track record of successfully acquiring portfolios that meet its criteria. For instance, the acquisition of the Standard Chartered personal loan book and Sonata have been cited as examples of successful deals. These transactions have likely contributed to the company’s growth and expansion into new areas.
When evaluating potential deals, Kotak considers a range of factors, including the size and quality of the customer base, the deposit portfolio, and the potential for growth and returns. The company is looking for opportunities that can help drive long-term growth and profitability, rather than simply pursuing deals for their own sake.
In terms of specific criteria, the company is looking for opportunities that can bring in a significant number of new customers, provide access to low-cost deposits, or enhance the existing portfolio. The company is also focused on ensuring that any potential deal is strategically aligned with its overall business goals and objectives.
Overall, Kotak’s approach to inorganic growth is focused on identifying opportunities that meet specific strategic and financial criteria. The company is willing to pursue deals that offer a strong strategic fit and attractive valuation, and has a track record of successfully integrating acquired portfolios into its existing business. By taking a disciplined and targeted approach to inorganic growth, Kotak aims to drive long-term growth and expansion, while also enhancing its competitiveness and market position.
Kotak Mahindra Bank has been penalized ₹61.95 lakh by the RBI due to non-compliance with regulatory requirements regarding account management and reporting practices.
The Reserve Bank of India (RBI) has imposed a fine of ₹61.95 lakh on Kotak Mahindra Bank for violating key banking regulations. The penalty was issued after an inspection of the bank’s financial position as of March 2024, which revealed lapses in managing Basic Savings Bank Deposit (BSBD) accounts and reporting borrower data to credit information companies. The RBI found that the bank had opened multiple BSBD accounts for individuals who already held such accounts, violating the one-account-per-person rule. Additionally, the bank allowed its business correspondents in rural areas to perform tasks outside their regulated scope, compromising the standardized oversight required to protect vulnerable consumers.
The bank was also found to have provided incorrect data to credit information companies, which can impact borrowers’ credit scores and future loan eligibility. The RBI issued a show-cause notice and finalized the penalty after reviewing the bank’s written and oral submissions. The penalty addresses statutory failures, but does not affect the validity of individual customer transactions or existing agreements. The RBI’s enforcement action highlights a broader regulatory push to ensure that large private lenders prioritize administrative precision and customer data protection.
The Logical Indian, a media outlet, has welcomed the RBI’s decision, stating that trust is the foundation of the relationship between a bank and its patrons. The outlet believes that the penalty is a necessary step towards corporate accountability and that no bank should be allowed to overlook protocols that safeguard the rights of everyday citizens. The RBI’s action is seen as a move towards ensuring that banks prioritize transparency and fairness in their operations, particularly with regards to vulnerable consumers.
The case highlights the importance of financial inclusion and the need for banks to comply with regulations that protect the rights of consumers. The BSBD accounts are designed to help economically weaker sections access formal banking services without the burden of minimum balance requirements. However, the bank’s actions compromised the integrity of these accounts and put vulnerable consumers at risk. The RBI’s penalty is a reminder that banks must prioritize the needs of their customers and comply with regulations that protect their rights.
Kotak Mahindra Bank users, beware: All UPI, online banking, and ATM services will be unavailable for a 1-hour period on December 21, 2025.
Kotak Mahindra Bank has announced a scheduled maintenance activity for their banking systems, which will take place on December 21, 2025, from 3:30 am to 4:30 am IST. During this time, several services will be unavailable, including the old and new Kotak Bank App, Kotak811 Mobile Banking application, Net Banking, UPI, and other payment-related services. However, ATM transactions below Rs 20,000 will not be affected.
In light of this maintenance, customers are advised to plan their banking activities in advance to avoid any inconvenience. The bank has also provided a list of frequently asked questions (FAQs) regarding their savings accounts. According to the FAQs, a Kotak811 savings account can only be opened by a single user, and joint accounts are not allowed.
The bank offers two types of savings accounts: the Kotak811 Zero Balance Digital Savings Account and the 811 Super Savings Account. The choice of account depends on the customer’s preferences, with the Zero Balance Account suitable for those who struggle to maintain a balance, and the Super Savings Account offering cashback benefits on debit card spending.
The FAQ section also addresses questions about maintaining the required balance, upgrading accounts, eligibility, and video KYC. Customers can upgrade from a Zero Balance Account to a Super Savings Account through the mobile banking app or by contacting customer care. To be eligible for a Kotak811 Savings Account, customers must be Indian citizens above 18 years of age and submit valid KYC documents.
Additionally, the FAQ section explains how to withdraw money from a Kotak811 Savings Account, either by using a physical debit card at an ATM or by visiting a Kotak Mahindra Bank branch. The bank also clarifies that a Zero Balance Savings Account levies no annual charges or fines. Overall, the maintenance activity is aimed at providing customers with a seamless banking experience, and the FAQs provide helpful information about the bank’s savings accounts and services.