The Latest Breaking News from Kotak Mahindra Bank

The latest fixed deposit (FD) interest rates of Kotak Mahindra Bank are effective as of today, 24th January 2023.

Kotak Mahindra Bank expects to grow its commercial banking book to ₹1 trillion next fiscal, driven by demand for commercial vehicles and equipment, and gold loans

The brokerage has Axis Bank, ICICI Bank and HDFC Bank as its top picks in large private banks, Federal Bank in mid-tier private banks and in small private banks it picked AUSFB. In PSBs, it picked SBI and PNB.

Sharekhan said the banks in its coverage universe are expected to report 35 percent YoY earnings growth in Q3 FY2023E, driven by healthy loan growth and lower credit costs. Among private banks, Sharekhan expects ICICI Bank, Axis Bank, and Kotak Mahindra Bank to report strong advances growth.

Fixed deposit interest rates have been steadily increasing from May 2022 as a result of RBI's steady hike in the repo rate to control inflation.

Kotak Mahindra Bank, one of the top lenders in the private sector, raised the interest rate on fixed deposits under ₹2 crore.

One of the leading private sector lenders Kotak Mahindra Bank has revised its interest rates on fixed deposits of less than ₹2 Cr.

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Let's take a comparative look at the interest rates offered by SBI, HDFC Bank, ICICI Bank, Yes Bank and Kotak Mahindra Bank