Kotak Mahindra Bank is one of India’s leading financial services conglomerates and offers a wide range of financial services that encompass every sphere of life. From commercial banking, to stock broking, mutual funds, life insurance and investment banking, Kotak Mahindra Bank serves the diverse financial needs of individuals and the corporate sector through a wide distribution network through branches and franchisees across India, and international offices in London, New York, California, Dubai, Abu Dhabi, Bahrain, Mauritius and Singapore.
Blackstone Group has put First Eagle Investment Management up for sale for more than $4bn in an attempt to offload a large stake that the US private equity group has owned for a decade. Blackstone and...
Banking Associations Warn New Overdraft Rule Could Harm Consumers
Five banking associations have called on the CFPB to withdraw its new regulation on overdraft fees, arguing that it is unnecessary due to recent innovations and could potentially harm consumers.The co...
Australia’s central bank cuts rates for the first time in more than four years, flags economic uncertainties
The RBA cut rates by 25 basis points to 4.10% on Tuesday, marking its first easing since November 2020, when the central bank cut its key rate to a record low in the depths of the pandemic. The centra...
Fintech unicorn Zepz to lay off 20% of its global workforce, sources say
London-based fintech Zepz is laying off around 200 IT workers as part of a major redundancy plan, two employees impacted by the move told CNBC. Zepz confirmed to CNBC it is eliminating roles to “susta...
Consumer sentiment drops sharply in February as inflation worries soar
The University of Michigan’s gauge of consumer sentiment fell to 67.8 in a preliminary February reading, down from 71.1 in the prior month and the lowest reading since July. Economists polled by the ...
The BNPL Boom: The Good, The Bad, and The Regulatory Challenge
In the summer of 2022, a young marketing executive in London, eager to revamp her wardrobe, clicked “Pay in 4” at checkout. The process was seamless—no credit check, no hassle, and most importantly, n...
India’s central bank cuts rates for the first time in nearly five years, forecasts faster growth next year
The Reserve Bank of India has cut its key interest rate for the first time in nearly five years, as cooling inflation has offered room to stimulate the slowing economy. The central bank forecast real ...
Fed officials are raising concerns about the impact Trump’s tariffs could have on inflation
In recent days, multiple central bank policymakers not only have noted the uncertainty surrounding tariffs, they also have highlighted the potential impact on inflation. Chicago Fed President Austan G...
How AI Agents and Crypto Will Revolutionize Commerce
Web3 technologies are poised to transform the world of commerce just as Web2 revolutionized access to information. The result will be a vast, open, liquid digital marketplace where all physical goods ...
‘Leveraged to the hilt’: PE-backed firms hit by wave of bankruptcies
Higher interest rates and lower consumer spending are squeezing debt-laden companies backed by private equity groups, forcing them to either restructure through bankruptcy or buy time to recover via o...