Kotak Mahindra Bank Stock: 5 Reasons Goldman Sachs Thinks Kotak Could Be a $100 Billion Bank in the Next 4 Years

New Delhi: The private sector lender, which has underperformed Nifty Bank in the last two years, could grow up to 26 per cent in the next one year and also have a market capitalization of $100 billion in the next four years, said a foreign brokerage firm. Goldman Sachs said in a report. “we believe May join the ranks of banks with USD 100 billion in market cap by FY27E as all factors to deliver sustainable and strong volume and operating profit growth in this cycle as it puts its…

AMC: SEBI fines Kotak AMC, its MD Nilesh Shah and 5 other officials for violation of rules

Mumbai: Securities and Exchange Board of India (SEBI) has imposed penalty on Kotak Asset Management Company (AMC), its managing director Nilesh ShahChief Investment Officer (Loans) Lakshmi Iyer and four other senior executives of the company for violation of mutual fund rules. The regulator has imposed a fine of Rs 40 lakh on Kotak AMC. Shah and Iyer have been fined ₹30 lakh and ₹25 lakh respectively. Other senior officials of the fund house to be penalized are Deepak Agarwal, Vice President and Fund Manager, Jolly Bhatt, Compliance Officer, Abhishek Bisen,…