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Kotak Mahindra Bank is currently trading at Rs. 1250.10, up by 77.10 points or 6.57% from its previous closing of Rs. 1173.00 on the BSE.The scrip opened at Rs. 1099.70 and has touched a high and low of Rs. 1224.00 and Rs. 1000.35 respectively. So far 296578 shares were traded on the counter.The BSE group `A` stock of face value Rs. 5 has touched a 52 week high of Rs. 1739.95 on 19-Feb-2020 and a 52 week low of Rs. 1,000.35 on 19-Mar-2020.Last one week high and low of the scrip stood at Rs. 1504.05 and Rs. 1000.35 respectively. The current market cap of the company is Rs. 226053.46 crore.The promoters holding in the company stood at 29.96%, while Institutions and Non-Institutions held 52.13% and 17.92% respectively.Kotak Mahindra Bank has sold 8.50% of its stake and Kotak Mahindra Prime (a wholly owned subsidiary of the Bank) has sold 11.50% of its stake in ECA Trading Services (ECA) (Formerly known as Ace Derivatives & Commodity Exchange). The Bank has received cash consideration of Rs 1.67 crore, while Kotak Mahindra Prime has received cash consideration of Rs 2.27 crore.Divestment of equity stake of 8.50% held by Kotak Mahindra Bank and 11.50% held by Kotak Mahindra Prime to comply with the RBI Regulations on investment in a non-financial services entity since ECA has ceased to be a commodity exchange. Kotak Mahindra Bank offers a wide range of banking products and financial services for corporate and retail customers through a variety of delivery channels and specialized subsidiaries in the areas of personal finance, investment banking, life insurance, and wealth management.
Kotak Mahindra Bank is currently trading at Rs. 1603.35, down by 14.70 points or 0.91% from its previous closing of Rs. 1618.05 on the BSE.The scrip opened at Rs. 1608.90 and has touched a high and low of Rs. 1616.25 and Rs. 1586.50 respectively. So far 72440 shares were traded on the counter.The BSE group `A` stock of face value Rs. 5 has touched a 52 week high of Rs. 1734.35 on 19-Dec-2019 and a 52 week low of Rs. 1209.50 on 28-Feb-2019.Last one week high and low of the scrip stood at Rs. 1720.00 and Rs. 1586.50 respectively. The current market cap of the Bank is Rs. 305765.48 crore.The promoters holding in the Bank stood at 29.96%, while Institutions and Non-Institutions held 52.13% and 17.92% respectively.Kotak Mahindra Bank has reported 23.62% rise in its net profit at Rs 1,595.90 crore for third quarter ended December 31, 2019 as compared to Rs 1,290.93 crore for the same quarter in the previous year. Total income of the bank increased by 11.96% at Rs 8,077.03 crore for Q3FY20 as compared Rs 7,214.21 crore for the corresponding quarter previous year.On the consolidated basis, the bank has reported a rise of 27.37% in its net profit at Rs 2,348.72 crore for the quarter under review as compared to Rs 1,844.01 crore for the same quarter in the previous year. Total income of the bank increased by 19.34% at Rs 13,542.43 crore for Q3FY20 as compared Rs 11,347.39 crore for the corresponding quarter previous year.
The revenue zoomed 7.99% to Rs. 67356.00 millions for the quarter ended December 2019 as compared to Rs. 62375.00 millions during the corresponding quarter last year.Profit saw a slight increase of 23.62%to Rs. 15959.00 millions from Rs. 12909.30 millions. (Rs. in Million) Quarter ended Year to Date Year ended 201912 201812 % Var 201912 201812 % Var 201903 201803 % Var Interest Earned 67356.00 62375.00 7.99 201370.80 175153.10 14.97 239432.10 197484.90 21.24 Other Income 13414.30 9767.00 37.34 38705.70 33593.50 15.22 46040.30 40522.10 13.62 Interest Expended 33060.70 33112.50 -0.16 101849.20 93298.50 9.16 126842.50 102168.10 24.15 Operating Expenses 23828.90 23828.90 21.29 65271.80 54789.10 19.13 75148.10 64257.20 16.95 Operating Profit 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Prov.& Contigencies 4440.00 -323.00 -1474.61 11686.90 7911.30 47.72 9623.90 9399.50 2.39 Tax 3481.70 6797.80 -48.78 14462.80 18172.60 -20.41 25204.60 21339.20 18.11 PAT 15959.00 12909.30 23.62 46805.80 34575.20 35.37 48653.30 40843.00 19.12 Equity 9555.20 9537.70 0.18 9555.20 9537.70 0.18 9543.80 9528.20 0.16 OPM 35.45 31.08 14.09 36.23 34.63 4.61 34.87 36.25 -3.81
Kotak Mahindra Bank is currently trading at Rs. 1666.35, up by 10.90 points or 0.66% from its previous closing of Rs. 1655.45 on the BSE.The scrip opened at Rs. 1663.35 and has touched a high and low of Rs. 1674.00 and Rs. 1658.85 respectively. So far 15520 shares were traded on the counter.The BSE group `A` stock of face value Rs. 5 has touched a 52 week high of Rs. 1734.35 on 19-Dec-2019 and a 52 week low of Rs. 1198.65 on 16-Jan-2019.Last one week high and low of the scrip stood at Rs. 1682.50 and Rs. 1638.55 respectively. The current market cap of the company is Rs. 318664.96 crore.The promoters holding in the company stood at 29.97%, while Institutions and Non-Institutions held 52.41% and 17.62% respectively.Kotak Mahindra Prime, a subsidiary of Kotak Mahindra Bank, has filed an application to list Commercial Paper (CP) at BSE for Issue Size of Rs 4,050 crore. Post process, the effective date of listing for the same at BSE is January 09, 2020.Kotak Mahindra Bank offers a wide range of banking products and financial services for corporate and retail customers through a variety of delivery channels and specialized subsidiaries in the areas of personal finance, investment banking, life insurance, and wealth management.
Kotak Mahindra Bank is currently trading at Rs. 1693.25, up by 8.20 points or 0.49% from its previous closing of Rs. 1685.05 on the BSE.The scrip opened at Rs. 1724.00 and has touched a high and low of Rs. 1724.00 and Rs. 1686.50 respectively. So far 34595 shares were traded on the counter.The BSE group `A` stock of face value Rs. 5 has touched a 52 week high of Rs. 1734.35 on 19-Dec-2019 and a 52 week low of Rs. 1198.65 on 16-Jan-2019.Last one week high and low of the scrip stood at Rs. 1724.00 and Rs. 1680.55 respectively. The current market cap of the company is Rs. 322810.90 crore.The promoters holding in the company stood at 29.97%, while Institutions and Non-Institutions held 52.41% and 17.62% respectively.Kotak Mahindra Bank’s subsidiary -- Kotak Mahindra Life Insurance Company has unveiled a digital campaign, highlighting the importance of a ‘complete’ life insurance plan. Kotak Life’s ‘Poora Plan’ completes the incomplete by going beyond the conventional coverage and providing added benefits that cover disabilities and critical illness.Kotak Mahindra Bank offers a wide range of banking products and financial services for corporate and retail customers through a variety of delivery channels and specialized subsidiaries in the areas of personal finance, investment banking, life insurance, and wealth management.
Kotak Mahindra Bank is currently trading at Rs. 1710.65, up by 5.65 points or 0.33% from its previous closing of Rs. 1705.00 on the BSE.The scrip opened at Rs. 1703.00 and has touched a high and low of Rs. 1716.90 and Rs. 1701.55 respectively. So far 16514 shares were traded on the counter.The BSE group `A` stock of face value Rs. 5 has touched a 52 week high of Rs. 1734.35 on 19-Dec-2019 and a 52 week low of Rs. 1198.65 on 16-Jan-2019.Last one week high and low of the scrip stood at Rs. 1734.35 and Rs. 1687.50 respectively. The current market cap of the company is Rs. 326345.67 crore.The promoters holding in the company stood at 29.97%, while Institutions and Non-Institutions held 52.41% and 17.62% respectively.Pine Labs and Kotak Mahindra Bank (Kotak) have entered into a tie-up to enable EMI payments via Kotak Debit Cards. This arrangement enables over 10 million eligible Kotak debit card customers to pay for their purchases in easy instalments via the Pine Labs POS terminals.Pine Labs has a network of over 150,000 merchants across India. It will be a win-win proposition for both consumers and merchants as EMIs extend the power of affordability to consumers.Kotak Mahindra Bank offers a wide range of banking products and financial services for corporate and retail customers through a variety of delivery channels and specialized subsidiaries in the areas of personal finance, investment banking, life insurance, and wealth management.
The Revenue for the quarter ended September 2019 of Rs. 67616.00 millions grew by 16.62 % from Rs. 57981.10 millions.Handsome Net Profit growth of 51.05% reported above the corresponding previous quarter figure of Rs. 17244.80 millions to Rs. 11416.50 millions. (Rs. in Million) Quarter ended Year to Date Year ended 201909 201809 % Var 201909 201809 % Var 201903 201803 % Var Interest Earned 67616.00 57981.10 16.62 134014.80 112778.10 18.83 239432.10 197484.90 21.24 Other Income 12244.10 12180.60 0.52 25291.40 23826.50 6.15 46040.30 40522.10 13.62 Interest Expended 34120.10 31218.00 9.30 68788.50 60186.00 14.29 126842.50 102168.10 24.15 Operating Expenses 20654.40 20654.40 14.78 41442.90 35143.60 17.92 75148.10 64257.20 16.95 Operating Profit 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Prov.& Contigencies 4079.30 3538.00 15.30 7246.90 8234.30 -11.99 9623.90 9399.50 2.39 Tax 3761.50 5995.20 -37.26 10981.10 11374.80 -3.46 25204.60 21339.20 18.11 PAT 17244.80 11416.50 51.05 30846.80 21665.90 42.37 48653.30 40843.00 19.12 Equity 9550.10 9535.00 0.16 9550.10 9535.00 0.16 9543.80 9528.20 0.16 OPM 37.10 36.13 2.68 36.62 36.60 0.06 34.87 36.25 -3.81
Kotak Mahindra Bank is currently trading at Rs. 1617.95, up by 32.10 points or 2.02% from its previous closing of Rs. 1585.85 on the BSE.The scrip opened at Rs. 1592.00 and has touched a high and low of Rs. 1624.90 and Rs. 1592.00 respectively. So far 19255 shares were traded on the counter.The BSE group `A` stock of face value Rs. 5 has touched a 52 week high of Rs. 1682.40 on 26-Sep-2019 and a 52 week low of Rs. 1095.15 on 11-Oct-2018.Last one week high and low of the scrip stood at Rs. 1634.20 and Rs. 1549.55 respectively. The current market cap of the company is Rs. 309137.97 crore.The promoters holding in the company stood at 29.98%, while Institutions and Non-Institutions held 52.26% and 17.75% respectively.French carmaker Citroen has entered into partnership with Kotak Mahindra Prime (KMPL), a subsidiary of Kotak Mahindra Bank, to offer auto finance in India. The partnership with KMPL will offer innovative finance solutions and value added products to customers and customised credit solutions to dealers in India, the company, which is a part of the auto conglomerate Groupe PSA.Kotak Mahindra Bank offers a wide range of banking products and financial services for corporate and retail customers through a variety of delivery channels and specialized subsidiaries in the areas of personal finance, investment banking, life insurance, and wealth management.
Kotak Mahindra Bank is currently trading at Rs. 1485.95, up by 32.30 points or 2.22% from its previous closing of Rs. 1453.65 on the BSE.The scrip opened at Rs. 1459.90 and has touched a high and low of Rs. 1490.00 and Rs. 1455.75 respectively. So far 153413 shares were traded on the counter.The BSE group `A` stock of face value Rs. 5 has touched a 52 week high of Rs. 1555.45 on 23-May-2019 and a 52 week low of Rs. 1002.30 on 01-Oct-2018.Last one week high and low of the scrip stood at Rs. 1546.80 and Rs. 1442.00 respectively. The current market cap of the company is Rs. 282125.54 crore.The promoters holding in the company stood at 29.98%, while Institutions and Non-Institutions held 52.26% and 17.75% respectively.The bank has reported 32.71% rise in its net profit at Rs 1,360.20 crore for first quarter ended June 30, 2019 as compared to Rs 1,024.94 crore for the same quarter in the previous year. Total income of the bank increased by 19.57% at Rs 7,944.61 crore for Q1FY20 as compared Rs 6,644.29 crore for the corresponding quarter previous year.On the consolidated basis, the bank has reported a rise of 22.72% in its net profit at Rs 1,932.21 crore for the quarter under review as compared to Rs 1,574.48 crore for the same quarter in the previous year. Total income of the bank increased by 22.48% at Rs 12,129.56 crore for Q1FY20 as compared Rs 9,903.56 crore for the corresponding quarter previous year.
Kotak Mahindra Bank is currently trading at Rs. 1475.95, up by 12.85 points or 0.88% from its previous closing of Rs. 1463.10 on the BSE.The scrip opened at Rs. 1466.65 and has touched a high and low of Rs. 1481.15 and Rs. 1461.25 respectively. So far 78835 shares were traded on the counter.The BSE group `A` stock of face value Rs. 5 has touched a 52 week high of Rs. 1555.45 on 23-May-2019 and a 52 week low of Rs. 1002.30 on 01-Oct-2018.Last one week high and low of the scrip stood at Rs. 1520.85 and Rs. 1439.85 respectively. The current market cap of the company is Rs. 282159.83 crore.The promoters holding in the company stood at 29.99%, while Institutions and Non-Institutions held 51.78% and 18.23% respectively.Kotak Mahindra Bank (Kotak) has launched its AI-driven chatbot ‘Keya’. Kotak customers are actively adopting Keya, which has crossed over 3.5 million queries from over 1 million unique users with 93% accuracy.Kotak Mahindra Bank offers a wide range of banking products and financial services for corporate and retail customers through a variety of delivery channels and specialized subsidiaries in the areas of personal finance, investment banking, life insurance, and wealth management.
Kotak Mahindra Bank is currently trading at Rs. 1479.15, up by 8.20 points or 0.56% from its previous closing of Rs. 1470.95 on the BSE.The scrip opened at Rs. 1480.00 and has touched a high and low of Rs. 1481.25 and Rs. 1463.00 respectively. So far 66754 shares were traded on the counter.The BSE group `A` stock of face value Rs. 5 has touched a 52 week high of Rs. 1555.45 on 23-May-2019 and a 52 week low of Rs. 1002.30 on 01-Oct-2018.Last one week high and low of the scrip stood at Rs. 1506.75 and Rs. 1463.00 respectively. The current market cap of the company is Rs. 281627.07 crore.The promoters holding in the company stood at 29.99%, while Institutions and Non-Institutions held 51.78% and 18.23% respectively.Kotak Mahindra Bank (Kotak) has launched its AI-driven chatbot ‘Keya’. Kotak customers are actively adopting Keya, which has crossed over 3.5 million queries from over 1 million unique users with 93% accuracy.Kotak Mahindra Bank offers a wide range of banking products and financial services for corporate and retail customers through a variety of delivery channels and specialized subsidiaries in the areas of personal finance, investment banking, life insurance, and wealth management.
Kotak Mahindra Bank is currently trading at Rs. 1492.00, down by 20.35 points or 1.35% from its previous closing of Rs. 1512.35 on the BSE.The scrip opened at Rs. 1508.50 and has touched a high and low of Rs. 1511.00 and Rs. 1487.55 respectively. So far 68095 shares were traded on the counter.The BSE group `A` stock of face value Rs. 5 has touched a 52 week high of Rs. 1555.45 on 23-May-2019 and a 52 week low of Rs. 1002.30 on 01-Oct-2018.Last one week high and low of the scrip stood at Rs. 1539.50 and Rs. 1487.55 respectively. The current market cap of the company is Rs. 285119.20 crore.The promoters holding in the company stood at 29.99%, while Institutions and Non-Institutions held 51.78% and 18.23% respectively.The Reserve Bank of India (RBI) has imposed a monetary penalty of Rs 2 crore on Kotak Mahindra Bank for non-compliance of directions. The directions issued to Kotak Mahindra Bank by RBI in the exercise of its powers were under sections 27(2) and 35A of the Banking Regulation Act, 1949 (the Act) to furnish information specified therein.Kotak Mahindra Bank offers a wide range of banking products and financial services for corporate and retail customers through a variety of delivery channels and specialized subsidiaries in the areas of personal finance, investment banking, life insurance, and wealth management.