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Kotak Mahindra Bank Ltd (KTKM.BO)

KTKM.BO on Bombay Stock Exchange

1,180.95INR
2:36am EDT
Change (% chg)

Rs-2.80 (-0.24%)
Prev Close
Rs1,183.75
Open
Rs1,192.00
Day's High
Rs1,206.20
Day's Low
Rs1,178.60
Volume
34,846
Avg. Vol
213,105
52-wk High
Rs1,206.20
52-wk Low
Rs890.80

Latest Key Developments (Source: Significant Developments)

Kotak Mahindra Bank Sept qtr profit up about 22 pct
Wednesday, 25 Oct 2017 03:42am EDT 

Oct 25 (Reuters) - Kotak Mahindra Bank Ltd :Sept quarter net profit 9.94 billion rupees versus net profit of 8.13 billion rupees year ago.Consensus forecast for sept quarter net profit was 9.94 billion rupees.Sept quarter interest earned 47.60 billion rupees versus 44.12 billion rupees year ago.Sept quarter provisions 2.17 billion rupees versus 1.98 billion rupees year ago.Sept quarter gross NPA 2.47 percent versus 2.58 percent previous quarter.Sept quarter net NPA 1.26 percent versus 1.25 percent previous quarter.Sept quarter NIM 4.33 percent.  Full Article

Kotak Mahindra Bank has made more than needed provisions on accounts taken to bankruptcy
Thursday, 20 Jul 2017 07:02am EDT 

July 20 (Reuters) - Kotak Mahindra Bank Joint MD Dipak Gupta and CFO Jaimin Bhatt speaking to reporters::Says seeing some stress in SME accounts.Says have 2.36 billion rupee exposure to 4 of the 12 companies being taken to insolvency.Says have made more provisions than required by RBI on those accounts.  Full Article

Kotak Mahindra Bank June-quarter profit rises 23 pct
Thursday, 20 Jul 2017 01:14am EDT 

July 20 (Reuters) - Kotak Mahindra Bank Ltd ::June quarter PAT 9.13 billion rupees - TV.Consensus forecast for June quarter net profit was 10.24 billion rupees.June quarter interest earned 46.56 billion rupees versus 43.87 billion rupees year ago.June quarter provisions 2.04 billion rupees versus 1.80 billion rupees year ago.June quarter gross NPA 2.58 percent versus 2.59 percent previous quarter.June quarter net NPA 1.25 percent versus 1.26 percent previous quarter.June quarter NIM 4.4 percent.The alert on PAT was first sourced from TV and later confirmed from a company release at the National Stock Exchange.  Full Article

Kotak Mahindra Bank seeks members' nod for reappointment of Uday S Kotak as MD and vice chairman
Wednesday, 7 Jun 2017 07:03am EDT 

June 7 (Reuters) - Kotak Mahindra Bank Ltd :Seeks members' nod for reappointment of Uday S Kotak as executive vice chairman and MD.Seeks members' nod for re-appointment of Dipak Gupta designated as joint MD from Jan 1 2018 to Dec 31 2020.Seeks members' nod for raising funds by way of issue of securities for amount up to INR 50 billion.  Full Article

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

Morning News Call - India, April 12

To access the newsletter, click on the link: http://share.thomsonreuters.com/assets/newsletters/Indiamorning/MNC_IN_04122018.pdf If you would like to receive this newsletter via email, please register at: https://forms.thomsonreuters.com/india-morning/ FACTORS TO WATCH 10:00 am: Oil Minister Dharmendra Pradhan and other energy industry officials at International Energy Forum in New Delhi. 10:00 am: Commerce & Civil Aviation Minister Suresh Prabhu, Air India CMD