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NBE board approves primary market directive - capital Newspaper

NBE board approves primary market directive - capital Newspaper
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Kotak Mahindra Bank Appoints Dr Ashok Gulati as an Additional Independent Director on its Board

Kotak Mahindra Bank Appoints Dr Ashok Gulati as an Additional Independent Director on its Board
Posted On:
2021-03-05 09:41:07
(Time Zone: Arizona, USA)
Kotak Mahindra Bank Limited today announced the appointment of Padma Shri awardee, Dr. Ashok Gulati as an Additional and Independent Director on the Bank s Board, for a term of five years, effective 6th March, 2021, subject to the approval of the Members of the Bank.
Prakash Apte, Chairman of Kotak Mahindra Bank said, We are truly delighted to have Dr. Ashok Gulati on the Bank s Board of Directors. His insights on the national and international agriculture sector and his experience as a Researcher and writer on the rural economy will immensely add value to our Bank. ....

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NBK posts KD 246.3mn net profit for 2020 - ARAB TIMES

Board of Directors proposes distribution of cash dividend of 20 fils per share
Nasser Musaed Al-Sayer, NBK Group Chairman and Isam Al-Sager, NBK’s Group Chief Executive Offi cer
KUWAIT CITY, Jan 26: National Bank of Kuwait (NBK) posted a net profit of KD 246.3 million (USD 812.3 million) for the year ended 31 December 2020, compared to KD 401.3 million (USD 1.3 billion) for the same period last year; dropping by 38.6% yearon- year.
As of end of December 2020, NBK’s total assets grew by 1.5% on annual basis, to reach KD 29.7 billion (USD 98.0 billion), while customer loans and advances grew by 5.7% compared to the same period last year, to reach KD 17.5 billion (USD 57.7 billion) while customers’ deposits grew by 7.4% to reach KD 17.1 billion (USD 56.4 billion). NBK’s Board of Directors has proposed the distribution of a cash dividend of 20 fils per share, representing 55.6% of net profit, in addition to 5% bonus shares (5 shares for every 100 shares). ....

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