|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's range||1,027.50 - 1,045.00|
|52-week range||1,027.50 - 1,045.00|
|PE ratio (TTM)||35.27|
|Forward dividend & yield||N/A (N/A)|
|1y target est||N/A|
REUTERS - Kotak Mahindra Bank , India's fourth-largest private sector lender by assets, posted a 22 percent rise in second-quarter profit on Wednesday, helped by higher interest income and lower bad loans ...
REUTERS - Kotak Mahindra Bank , India's fourth largest private sector lender by assets, posted a 23 percent jump in its first-quarter net profit, helped by higher interest and fee income. Net profit rose ...
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 Reserve Bank of India order ...
Kotak Mahindra Bank Ltd , the fourth biggest Indian lender by market capitalisation, is set to price a share offering at the top end of an indicative range, raising $901 million to bolster its balance ...
Mumbai, May 12 (IANS) Private sector lender Kotak Mahindra Bank, which is planning to raise about Rs 5,662 crore by selling 6.2 crore shares through Qualified Institutional Placement (QIP), has set the floor price at Rs 913.24 per equity share in respect of the issue, it said in a filing on Thursday. The share sale is part of the stake dilution exercise by its promoter Uday Kotak, the Vice Chairman of the bank, as per the Reserve Bank of India (RBI)'s regulatory directives. As of March 31, 2017, promoters held 32.08 per cent in the bank of which Uday Kotak himself held 31.77 per cent. The public shareholding in the bank was 67.92 per cent.
India's Kotak Mahindra Bank Ltd is selling new shares worth as much as 58 billion Indian rupees ($900 million) to boost its capital strength and raise funds for potential acquisitions. The fund-raising comes amid speculation Kotak Mahindra is looking to buy a bigger rival and the issue of new shares will also dilute the almost 32 percent stake held by the bank's founder Uday Kotak. Kotak Mahindra, the fourth biggest Indian bank by market capitalisation, is selling up to 62 million new shares with a price range of 930 rupees to 936 rupees apiece, according to a deal term sheet.
Kotak Mahindra Bank Ltd plans to launch a qualified institutional placement of shares to raise about 56 billion rupees as early as this week, IFR reported on Wednesday, citing sources close to the plans. ...
Mumbai, April 27 (IANS) Kotak Mahindra Bank on Thursday reported a rise of 40 per cent in its stand-alone net profit for the fourth quarter (Q4) of fiscal 2016-17. The company's net profit increased to ...
India's Kotak Mahindra Bank Ltd forecast a decline in bad loans and provisioning costs and a pick up in credit growth this financial year after reporting a better-than-expected 40 percent rise in fourth-quarter profit on Thursday. Kotak Mahindra -- the fourth-biggest private sector lender in the country by assets but the third most-valuable with a market capitalisation of more than $25 billion -- posted net profit of 9.76 billion rupees ($152 million) for the three months to March 31, ahead of analysts' estimates of 9.38 billion rupees. Billionaire Uday Kotak, the biggest shareholder and the chief executive of the bank, predicted better days ahead for the lender which has seen its bad loans rising since its $2.4 billion acquisition of smaller rival ING Vysya in 2015 in India's biggest banking sector takeover.
Kotak Mahindra Bank Ltd said on Thursday it planned to sell up to 62 million shares worth as much as 53.2 billion rupees ($819.4 million) at current market valuations, to fund potential acquisitions in the sector among other things. India's fourth-biggest private sector lender by assets said its board had approved the sale through a rights issue, public issue or private placement, including a so-called qualified institutions placement. The fundraising proposal comes amid strong market speculation that Kotak Mahindra is eyeing a takeover of bigger rival Axis Bank.
New Delhi, March 29 (IANS) Kotak Mahindra Bank on Wednesday said it is planning to double its customer base through its new mobile banking app called 8-11. "We plan to double customer base in the next 18 months through the unique new phenomenon in Indian banking named 8-11," Uday Kotak, executive vice-chairman and MD of Kotak Mahindra Bank told reporters here at the launch of the app. "It is inspired by Prime Minister Narendra Modi's November 8 (demonetisation) move.