Kotak Mahindra Bank Ltd. News

NSE: Kotak Mahindra Bank Industry : Bank - Private

Kotak Mahindra Bank introduces super offers on Apple products for cardholders

The cardholders can avail a maximum cashback of Rs 10,000 on Apple products while no cost EMIs are available for up to 12 months on select products

14 Jan 2022, 12:26 PM

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Kotak Mahindra Bank trades higher on the BSE

The companyas arm is planning to raise term insurance premiums rates and to file a new product with insurance regulator IRDAI

07 Jan 2022, 15:22 PM

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Kotak Mahindra Bankas arm to raise term insurance premiums rates

The companyas total new business premium grew 37 per cent to Rs 3,376 crore in April-November 2021

06 Jan 2022, 17:11 PM

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Kotak Mahindra Bank gains as its arm acquires passenger vehicle finance portfolio of FCIPL

The acquisition gives Kotak Prime access to over 16,000 high-quality customers with a total loan outstanding of Rs 425 crore

23 Dec 2021, 10:39 AM

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Kotak Mahindra Bankas arm acquires passenger vehicle finance portfolio of FCIPL

The acquisition gives Kotak Prime access to over 16,000 high-quality customers with a total loan outstanding of Rs 425 crore

23 Dec 2021, 10:27 AM

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Kotak Mahindra Bank inks exclusive pact with a83a movie

The 83 image card is available at a special one-time price of Rs 199 only

22 Dec 2021, 15:55 PM

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Kotak Mahindra Bankas arm enters into definitive agreement with Entroq Technologies

The company has entered into a definitive agreement for acquiring 7.50% in the total share capital of ETPL

18 Dec 2021, 09:11 AM

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Kotak Mahindra Bank inches up on launching travel credit card aKa-chinga with IndiGo

Designed for those who love to travel, Ka-ching empowers customers to spend anywhere and redeem rewards for free IndiGo air tickets

16 Dec 2021, 10:17 AM

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Kotak Mahindra Bank, IndiGo launch travel credit card aKa-chinga

Designed for those who love to travel, Ka-ching empowers customers to spend anywhere and redeem rewards for free IndiGo air tickets

15 Dec 2021, 16:48 PM

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Kotak Mahindra Bank launches 'Aadhaar on Wheels' in Pune

The service will also be available on select holidays

14 Dec 2021, 11:05 AM

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Kotak Mahindra Bank zooms on planning to raise funds through various modes

A meeting of the Board of Directors of Kotak Mahindra Bank is scheduled to be held on December 10/11, 2021 to, inter alia, consider the same

07 Dec 2021, 14:06 PM

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Kotak Mahindra Bank planning to raise funds through various modes

A meeting of the Board of Directors of Kotak Mahindra Bank is scheduled to be held on December 10/11, 2021 to, inter alia, consider the same

07 Dec 2021, 12:38 PM

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Kotak Mahindra Bank enters into agreement with Worldline

The agreement will enable equated monthly installments (EMIs) payments via Kotak debit cards in India

02 Dec 2021, 15:17 PM

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Kotak Mahindra Bank becomes fourth largest FASTag issuer in October

The company has reached a significant milestone of issuing one million FASTags

30 Nov 2021, 09:00 AM

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LIC to raise stake in Kotak Mahindra Bank

The hike in stake by LIC is subject to RBI's master directions on prior approval for acquisition of shares or voting rights in private sector banks and on ownership in private sector banks

29 Nov 2021, 15:56 PM

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Today's price summary

Performance Today

Inline with Sector

Moving Averages

Kotak Mah. Bank is trading higher than 5 day, 20 day, 50 day, 100 day and 200 day moving averages

Falling Investor Participation

Delivery Vol of 7.64 lacs on 14 Jan has fallen by -39.67% against 5-day avg delivery vol

Liquidity

Based on 2% of 5 day average traded Value the stock is liquid enough for trade size of Rs 8.81 cr

Stock DNA

1 Years Returns

STOCK

-97.73

SECTOR

-86.79

SENSEX

-75.02

Industry

Private Banks

MARKET CAP

Rs 3,84,013 Cr

PRICE TO ADJ. BV

5.70

DIVIDEND YIELD

0.05%

Moving average Buy Sell
Technical Indicator Buy Sell
Moving average Buy Sell
Technical Indicator Buy Sell
Moving average Buy Sell
Technical Indicator Buy Sell

Kotak Mahindra Bank is a prominent player in the segment of private lenders in India, with a total asset of Rs 4.79 lakh crore. In a list published by Forbes in June 2021, ranking all domestic and international banks in India, Kotak Mahindra Bank featured in the fifth position. It is one of the fastest-growing private sectors banks in India.

Kotak Mahindra Bank is the flagship of the group. It primarily offers retail and wholesale customers banking, treasury services, and corporate banking. Besides, it offers transaction banking, while their lending vertical manages IPOs and provides working capital financing services.  

Company background and profile 

Kotak Mahindra Bank was formed in 1985 as Kotak Mahindra Finance Ltd. and primarily functioned as a financing company.   

In February 2003, Kotak Mahindra Finance Ltd. (KMFL) became the first non-banking finance company to obtain a permit to operate as a commercial bank from RBI.  

They offer complete banking solutions, lending facilities, and investment products like mutual funds, life insurance solutions, retailing of gold bars, and more. 

Kotak Mahindra Bank covers PAN India with 323 branches holding accounts of 2.7 million customers. They have a powerful presence in tier-II and III cities as well as rural India. In 2008, Kotak Mahindra Bank opened a representative office in Dubai. Their overseas subsidiary offices in Mauritius, London, Dubai, Singapore, San Francisco, and New York are primarily engaged in investment advisory and management services. 

Company financials and performance 

  • Kotak Mahindra Bank reported a 7% decline in their year-on-year profit during the quarter concluded on September 30, 2021
  • Q2 FY22 profit stood at Rs 2,032 crore against Rs 2,184.5 crore in last year 
  • However, the bank recorded an improvement in its asset quality during the reported period
  • Net interest income (NII) rose 3% to Rs 4,020.6 crore from Rs 3,897 during the same time last year
  • Its gross non-performing assets stood at 3.19% in Q2 FY22 against 3.56% in June 2021, and net NPA improved by 1.06% against 1.28% on a sequential basis 

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