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Kotak Mahindra Bank Ltd (KTKM.NS)

KTKM.NS on National Stock Exchange of India

965.05INR
26 May 2017
Change (% chg)

Rs8.55 (+0.89%)
Prev Close
Rs956.50
Open
Rs960.00
Day's High
Rs969.55
Day's Low
Rs952.50
Volume
1,633,378
Avg. Vol
2,270,928
52-wk High
Rs981.45
52-wk Low
Rs692.50

Latest Key Developments (Source: Significant Developments)

About 18 mln shares in India's Kotak Mahindra Bank change hands in block deal on BSE
Monday, 22 May 2017 01:29am EDT 

May 22 (Reuters) - :* About 18 million shares in India's Kotak Mahindra Bank change hands in block deal on BSE.  Full Article

Kotak Mahindra Bank approves increase in ceiling limit on total shareholding of FIIs/FPIs to 43 pct
Thursday, 18 May 2017 12:17am EDT 

May 18 (Reuters) - Kotak Mahindra Bank Ltd ::Says approved increase in ceiling limit on total shareholding of FIIs/FPIs from current limit of 42 pct to 43 pct.  Full Article

Kotak Mahindra Bank approves reappointment of Uday Kotak as exec vice chairman, MD
Tuesday, 16 May 2017 12:48am EDT 

May 16 (Reuters) - Kotak Mahindra Bank Ltd :Says approved reappointment of Uday Kotak as executive vice chairman & MD.Says approved designation of Dipak Gupta as joint MD for the period of Jan 1, 2018 to Dec 31, 2020.  Full Article

India's Kotak Mahindra Bank sees bad loans, credit costs falling
Thursday, 27 Apr 2017 07:10am EDT 

April 27 (Reuters) - Kotak Mahindra Bank :Exec says seeing early signs of pick up in loan growth.Exec says sees credit costs falling in FY18.Exec says looking at a lot of inorganic opportunities.Exec says working on a number of options to bring down promoter shareholding as asked by RBI.Exec says sees 2017/18 loan growth to be broadly in line with 20 percent recorded last quarter.Exec says sees improving trend in bad loans.  Full Article

Kotak Mahindra Bank March-qtr profit up about 40 pct
Thursday, 27 Apr 2017 04:03am EDT 

April 27 (Reuters) - Kotak Mahindra Bank Ltd :March quarter net profit 9.76 billion rupees versus net profit of 6.96 billion rupees year ago.March quarter interest earned 44.32 billion rupees versus 42.65 billion rupees year ago.March quarter provisions 2.67 billion rupees versus 2 billion rupees year ago.March quarter gross NPA 2.59 percent versus 2.42 percent previous quarter.March quarter net NPA 1.26 percent versus 1.07 percent previous quarter.Says recommends dividend 0.6 rupee per share.Consensus forecast for March quarter net profit was 9.38 billion rupees.March quarter NIM 4.6 percent.  Full Article

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

More From Around the Web

Indian promoter sells $261 mln stake in Kotak Mahindra Bank on cenbank order

MUMBAI, May 22 Uday Kotak, the billionaire head of India's Kotak Mahindra Bank Ltd, sold a less than 1 percent stake in the lender in stock market transactions on Monday, complying with a central bank order to cut his holding.