Edition:
United States

Kotak Mahindra Bank Ltd (KTKM.NS)

KTKM.NS on National Stock Exchange of India

880.40INR
21 Apr 2017
Change (% chg)

Rs-8.75 (-0.98%)
Prev Close
Rs889.15
Open
Rs890.00
Day's High
Rs897.50
Day's Low
Rs878.50
Volume
1,260,745
Avg. Vol
1,959,106
52-wk High
Rs897.50
52-wk Low
Rs671.10

Latest Key Developments (Source: Significant Developments)

Kotak Mahindra Bank unit was given registration certificate by RBI to start business of non-banking financial institution
Friday, 7 Apr 2017 09:27am EDT 

Kotak Mahindra Bank Ltd :RBI issued certificate of registration to Kotak Infrastructure Debt Fund to start biz of non-banking financial institution as infra debt fund.  Full Article

India's Kotak Mahindra to raise equity capital
Thursday, 30 Mar 2017 03:25am EDT 

Kotak Mahindra Bank Ltd : Says approval for raising of equity capital by bank up to 6.2 crore equity shares of INR 5 each . Says purpose of raising equity is to pursue consolidation opportunities in indian banking,financial services space . Says purpose of raising equity is for growth of units . Purpose of raising equity is to give thrust to additional avenues of organic growth like opportunities in domestic, international lending .Raising capital to augment capital base for capitalizing on opportunites in acquisition,resolution of stresses assets in banking sector.  Full Article

Kotak Mahindra Bank seeks to double customer base in 18 months
Wednesday, 29 Mar 2017 07:08am EDT 

Kotak Mahindra Bank : Exec says seeks to double customer base in 18 months . Launces new digital banking product called '811' . Exec says bank branch expansion will be more measured . Exec says estimates stressed assets in indian banking system net of provisions to be 14 trln rupees . Exec says have nothing specific to announce about any acquisition, looking at all options Further company coverage: [KTKM.NS] (Reporting By Devidutta Tripathy) ((swati.bhat@thomsonreuters.com;)).  Full Article

Axis Bank says report on merger with Kotak is "baseless speculation"
Thursday, 9 Feb 2017 04:09am EST 

Axis Bank Ltd : Axis Bank Ltd says clarifies on news item about possible merger with Kotak .Axis Bank Ltd says above report is baseless speculation.  Full Article

Kotak Mahindra Bank says RBI grants approval to CPPIB for acquiring shares of bank
Tuesday, 30 Aug 2016 08:41am EDT 

Kotak Mahindra Bank Ltd : RBI has informed the bank that it has granted approval to cppib for acquiring shares in excess of 5% of bank. .  Full Article

Kotak Mahindra Bank approves seeking members' nod for issue of NCDs/bonds up to 50 bln rupees
Thursday, 21 Jul 2016 03:57am EDT 

Kotak Mahindra Bank Ltd : Board approved seeking consent of shareholders for issuance of NCDs/bonds up to 50 billion rupees .  Full Article

Kotak Mahindra Bank June-qtr profit jumps
Thursday, 21 Jul 2016 03:49am EDT 

Kotak Mahindra Bank Ltd : June-quarter standalone net profit 7.42 billion rupees versus net profit of 1.90 billion rupees year ago . June-quarter standalone interest earned 43.87 billion rupees versus 39.91 billion rupees year ago . June-quarter standalone provisions 1.80 billion rupees versus 3.05 billion rupees year ago . June-quarter standalone gross npa 2.50 percent versus 2.36 percent previous quarter . June-quarter standalone net npa 1.21 percent versus 1.06 percent previous quarter . Consensus forecast for June-quarter net profit was 7.37 billion rupees . Says June-quarter net interest margin at 4.37 percent .  Full Article

Kotak Mahindra Bank June-qtr consol PAT more than doubles
Thursday, 21 Jul 2016 03:48am EDT 

Kotak Mahindra Bank Ltd : June-quarter consol net profit 10.67 billion rupees . June-quarter consol interest earned 54.70 billion rupees .  Full Article

ING Groep announces signing of MoU with Kotak Mahindra Bank
Friday, 5 Jun 2015 09:38am EDT 

ING Groep NV:Signs Memorandum of Understanding (MoU) for cross border business with Kotak Mahindra Bank Ltd for cross border business.Both institutions will cooperate and explore opportunities arising from cross border business, investment and trade flows across Benelux.  Full Article

Kotak Mahindra Bank Ltd recommends dividend
Tuesday, 5 May 2015 04:26am EDT 

Kotak Mahindra Bank Ltd:Recommends dividend of 0.90 Indian Rupees per share.Approved issue of bonus shares in the ratio of 1 equity share for every 1 share held subject to approval of the shareholders at the annual general meeting.  Full Article

More From Around the Web

BRIEF-Kotak Mahindra Bank seeks members' nod for raising foreign shareholding limit to 49 pct

* Seeks members' nod for raising ceiling limit on total holdings of FIIs, FPIs in equity capital of co to up to 49 percent