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Kotak Mahindra Bank Ltd

Tue 6/05/2025,15:55:26 NSE: KOTAKBANK

₹ 2074.00 -10.90 (-0.52%)
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Home Stock Kotak Mahindra Bank Ltd

Tue 6/05/2025,16:1:0

Kotak Mahindra Bank Ltd

Tue 6/05/2025,15:55:26 | NSE : KOTAKBANK

₹ 2074.00-10.90 (-0.52%)

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Market Data

Essential tool: analyze, trade, manage, decide.

Open

₹ 2086.00

Previous Close

₹ 2084.90

Volume

3405097

Mkt Cap ( Rs. Cr)

₹412363.10

High

₹ 2091.40

Low

₹ 2065.00

52 Week High

₹ 2301.90

52 Week Low

₹ 1594.00

Book Value Per Share

₹ 740.42

Dividend Yield

0.00

Face Value

₹ 5.00

What’s Your Call?

Collective community sentiment on Kotak Mahindra Bank Ltd

Your Vote -

Buy

61.93%

Hold

13.89%

Sell

24.18%

61.93%

17714 users have voted

Market Depth

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Buy Order Quantity

0%

Sell Order Quantity

100%

Bid Price

Qty

0.00

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0.00

0

0.00

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0.00

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0.00

0

Bid Total

0

Bid Price

Qty

2074.00

214

0.00

0

0.00

0

0.00

0

0.00

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Bid Total

214

Option Chain

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News

Media spotlight triggers kotak mahindra bank ltd stock attention, sentiment.

  • Kotak Mahindra Bank - General Updates

    3 May 2025, 11:08PM Kotak Mahindra Bank Limited has informed the Exchange about Updated Investor Presentation in connection with the Audited Financial Results of the Bank

  • Kotak Mahindra Bank - Announcement under Regulation 30 (LODR)-Investor Presentation

    3 May 2025, 11:02PM Updated Investor Presentation - Audited Financial Results for financial year ended March 31, 2025

  • Kotak Mahindra Bank - General Updates

    3 May 2025, 8:44PM Kotak Mahindra Bank Limited has informed the Exchange about Audio Recording of the Earnings Conference Call on the Consolidated and Standalone Audited

  • Kotak Mahindra Bank - Audio Recording Of The Earnings Conference Call On The Consolidated And Standalone Audited Financial Re

    3 May 2025, 8:40PM File attached

  • Kotak Mahindra Bank - General Updates

    3 May 2025, 5:29PM Kotak Mahindra Bank Limited has informed the Exchange about Updated list of Key Managerial Personnel for the purpose of determining materiality of eve

  • Kotak Mahindra Bank - Updated List Of Key Managerial Personnel For The Purpose Of Determining Materiality Of Events Or Inform

    3 May 2025, 5:24PM Updated List of Key Managerial personnel attached

  • Kotak Mahindra Bank - Outcome of Board Meeting-XBRL

    3 May 2025, 4:47PM KOTAK MAHINDRA BANK LIMITED has informed the Exchange regarding Outcome of Board Meeting held on 03-May-2025 for Dividend

  • Kotak Mahindra Bank Q4 net profit down 14.07% at Rs 3551.74 cr

    3 May 2025, 3:50PM The bank reported standalone net profit of Rs 3,551.74 crore for the quarter ended March 31, 2025 as compared to Rs 4133.30 crore in the same period l

  • Kotak Mahindra Bank - General Updates

    3 May 2025, 2:39PM Kotak Mahindra Bank Limited has informed the Exchange about General Updates

  • Kotak Mahindra Bank - Compliances-Reg. 54 - Asset Cover details

    3 May 2025, 2:39PM File attached

  • Kotak Mahindra Bank - Related Party Transactions

    3 May 2025, 2:36PM Kotak Mahindra Bank Limited has informed the Exchange about related Party Transactions

  • Kotak Mahindra Bank - General Updates

    3 May 2025, 2:31PM Kotak Mahindra Bank Limited has informed the Exchange about General Updates

  • Kotak Mahindra Bank - Announcement under Regulation 30 (LODR)-Investor Presentation

    3 May 2025, 2:30PM File attached

  • Kotak Mahindra Bank - Related Party Transaction Disclosures

    3 May 2025, 2:28PM File attached

  • Kotak Mahindra Bank - General Updates

    3 May 2025, 2:26PM Kotak Mahindra Bank Limited has informed the Exchange about General Updates

  • Kotak Mahindra Bank - Press Release

    3 May 2025, 2:14PM Kotak Mahindra Bank Limited has informed the Exchange regarding a press release dated May 03, 2025, titled ""Press release on Annual Financial Results

  • Kotak Mahindra Bank - Announcement under Regulation 30 (LODR)-Press Release / Media Release

    3 May 2025, 2:13PM Press release on annual audited financial results attached.

  • Kotak Mahindra Bank - Outcome Of Board Meeting - Recommendation Of Dividend By The Board Of Directors

    3 May 2025, 2:10PM The Board of Director of Kotak Mahindra Bank Limited have recommended dividend of Rs. 2.50 per equity shares of face value of Rs. 5

  • Kotak Mahindra Bank - Dividend

    3 May 2025, 2:09PM Kotak Mahindra Bank Limited has informed the Exchange that Board of Directors at its meeting held on May 03, 2025, recommended Final Dividend of 2.5 p

  • Kotak Mahindra Bank - Outcome of Board Meeting

    3 May 2025, 2:04PM Kotak Mahindra Bank Limited has informed the Exchange regarding Board meeting held on May 03, 2025.

  • Kotak Mahindra Bank - Board Meeting Outcome for Outcome Of Board Meeting - Consolidated And Standalone Audited Financial Resu

    3 May 2025, 2:04PM A copy of the said Financial Results, along with the Auditors' Reports thereon, submitted by the Joint Statutory Auditors of the Bank, is enclosed her

  • Kotak Mahindra Bank - General Updates

    2 May 2025, 10:41AM Kotak Mahindra Bank Limited has informed the Exchange about General Updates

  • Kotak Mahindra Bank - General Updates

    29 Apr 2025, 7:29PM Kotak Mahindra Bank Limited has informed the Exchange about General Updates

  • Kotak Mahindra Bank - Information Under Clause 2.2(B) Of Chapter XIV Of Operational Circular No. SEBI/HO/DDHS/P/CIR/2021/613,

    29 Apr 2025, 7:22PM Attached information under Clause 2.2(b) of Chapter XIV of Operational Circular

  • Kotak Mahindra Bank - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

    25 Apr 2025, 6:10PM We refer to our intimation filed earlier today and inform you that the Earnings Conference Call to discuss the Consolidated and Standalone Audited Fin

  • Kotak Mahindra Bank - Analysts/Institutional Investor Meet/Con. Call Updates

    25 Apr 2025, 6:10PM Kotak Mahindra Bank Limited has informed the Exchange about Schedule of meet

  • Kotak Mahindra Bank - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

    25 Apr 2025, 11:51AM Pursuant to Regulation 30 of the of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (\L

  • Kotak Mahindra Bank - Analysts/Institutional Investor Meet/Con. Call Updates

    25 Apr 2025, 11:46AM Kotak Mahindra Bank Limited has informed the Exchange about Schedule of meet

  • RBI imposes monetary penalty on Kotak Mahindra Bank Limited

    21 Apr 2025, 9:09AM The Reserve Bank of India (RBI) has, by an order dated April 11, 2025, imposed a monetary penalty of Rs 61.40 lakh (Rupees Sixty One Lakh Forty Thousa

  • Kotak Mahindra Bank - General Updates

    17 Apr 2025, 10:59PM Kotak Mahindra Bank Limited has informed the Exchange about General Updates

  • Kotak Mahindra Bank - Intimation Under Regulation 30 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulation

    17 Apr 2025, 10:49PM We wish to inform you that the Bank has received a letter dated April 17, 2025 enclosing an order dated April 11, 2025 passed by the Adjudication Comm

  • Kotak Mahindra Bank - ESOP/ESOS/ESPS

    17 Apr 2025, 10:34AM Kotak Mahindra Bank Limited has informed the Exchange regarding Allotment of 27240 Shares.

  • Kotak Mahindra Bank - Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS

    17 Apr 2025, 10:35AM Allotment of 27,240 Equity Shares upon exercise of Employees Stock Options under the Kotak Mahindra Equity Option Scheme 2015

  • Kotak Mahindra Bank - Board Meeting Intimation

    15 Apr 2025, 1:05PM KOTAK MAHINDRA BANK LIMITED has informed the Exchange about Board Meeting to be held on 03-May-2025 to consider and approve the Yearly Audited Financi

  • Kotak Mahindra Bank - Board Meeting Intimation for Intimation Of Board Meeting On Saturday, May 3, 2025

    15 Apr 2025, 12:44PM Kotak Mahindra Bank Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 03/05/2025 ,inter alia, to consider

  • Kotak Mahindra Bank has submitted to BSE the Shareholding Pattern for the Period Ended March 31, 2025

    11 Apr 2025, 6:50PM As of March 2025, 25.88% is owned by Indian Promoters and 74.12% by Public. <p align=justify> Institutional holds 61.78% (Insurance Companies 10.02%)

  • Kotak Mahindra Bank - Compliances-Half Yearly Report (SEBI Circular No. CIR/IMD/DF-1/67/2017)

    8 Apr 2025, 2:24PM Half-yearly Statement of Debt Securities as on March 31, 2025

  • Kotak Mahindra Bank - General Updates

    28 Mar 2025, 10:20AM Kotak Mahindra Bank Limited has informed the Exchange about Grant of Employee Stock Options

  • Kotak Mahindra Bank - Grant Of Employee Stock Options

    28 Mar 2025, 10:14AM Grant of Employee Stock Options

  • Kotak Mahindra Bank - Analysts/Institutional Investor Meet/Con. Call Updates

    23 Mar 2025, 12:14PM Kotak Mahindra Bank Limited has informed the Exchange about Schedule of meet

  • Kotak Mahindra Bank - General Updates

    22 Mar 2025, 5:21PM Kotak Mahindra Bank Limited has informed the Exchange about General Updates

  • Kotak Mahindra Bank - General Updates

    22 Mar 2025, 5:12PM Kotak Mahindra Bank Limited has informed the Exchange about General Updates

  • Kotak Mahindra Bank - General Updates

    22 Mar 2025, 5:08PM Kotak Mahindra Bank Limited has informed the Exchange about General Updates

  • Kotak Mahindra Bank - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

    23 Mar 2025, 12:25PM Pursuant to the provisions of Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please note that the repr

  • Kotak Mahindra Bank - Change In Senior Management Personnel

    22 Mar 2025, 5:04PM Attached

  • Kotak Mahindra Bank - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

    17 Mar 2025, 9:38PM attached

  • Kotak Mahindra Bank - Analysts/Institutional Investor Meet/Con. Call Updates

    17 Mar 2025, 8:30PM Kotak Mahindra Bank Limited has informed the Exchange about Schedule of meet

  • Kotak Mahindra Bank - Analysts/Institutional Investor Meet/Con. Call Updates

    13 Mar 2025, 7:21PM Kotak Mahindra Bank Limited has informed the Exchange about Schedule of meet with the members of Asian Corporate Governance Association (ACGA) in Mumb

  • Kotak Mahindra Bank - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

    12 Mar 2025, 11:57AM Pursuant to the provisions of Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please note that the repr

  • Kotak Mahindra Bank - Analysts/Institutional Investor Meet/Con. Call Updates

    12 Mar 2025, 11:57AM Kotak Mahindra Bank Limited has informed the Exchange about Schedule of meet

  • Kotak Mahindra Bank - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

    12 Mar 2025, 11:54AM Pursuant to the provisions of Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please note that the repr

  • Kotak Mahindra Bank - Analysts/Institutional Investor Meet/Con. Call Updates

    12 Mar 2025, 11:54AM Kotak Mahindra Bank Limited has informed the Exchange about Schedule of meet

  • Kotak Mahindra Bank - Analysts/Institutional Investor Meet/Con. Call Updates

    12 Mar 2025, 11:44AM Kotak Mahindra Bank Limited has informed the Exchange about Schedule of meet

  • Kotak Mahindra Bank - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

    12 Mar 2025, 12:00PM Pursuant to the provisions of Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please note that the repr

  • Kotak Mahindra Bank - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

    7 Mar 2025, 10:14AM Pursuant to the provisions of Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please note that the repr

  • Kotak Mahindra Bank - Analysts/Institutional Investor Meet/Con. Call Updates

    7 Mar 2025, 10:14AM Kotak Mahindra Bank Limited has informed the Exchange about Schedule of meet

  • Kotak Mahindra Bank - ESOP/ESOS/ESPS

    5 Mar 2025, 4:05PM Kotak Mahindra Bank Limited has informed the Exchange regarding Allotment of 32838 Shares.

  • Kotak Mahindra Bank - General Updates

    5 Mar 2025, 3:24PM Kotak Mahindra Bank Limited has informed the Exchange about Grant of Employee Stock Options

  • Kotak Mahindra Bank - Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS

    5 Mar 2025, 4:06PM Allotment of 32,838 Equity Shares pursuant to Kotak Mahindra Bank ESOP Schemes

  • Kotak Mahindra Bank - Grant Of Employee Stock Options

    5 Mar 2025, 3:25PM Grant of Employee Stock Options

  • Kotak Mahindra Bank - Analysts/Institutional Investor Meet/Con. Call Updates

    28 Feb 2025, 7:50PM Kotak Mahindra Bank Limited has informed the Exchange about Schedule of meet

  • Kotak Mahindra Bank - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

    28 Feb 2025, 7:45PM Intimation attached

  • Kotak Mahindra Bank - Updates

    21 Feb 2025, 7:38PM Kotak Mahindra Bank Limited has informed the Exchange regarding 'Adoption Of The Kotak Mahindra Performance Linked Restricted Stock Unit Scheme 2025'.

  • Kotak Mahindra Bank - Adoption Of The Kotak Mahindra Performance Linked Restricted Stock Unit Scheme 2025

    21 Feb 2025, 7:26PM Adoption of the Kotak Mahindra Performance Linked Restricted Stock Unit Scheme 2025

  • Kotak Mahindra Bank - Shareholder Meeting / Postal Ballot-Scrutinizer\s Report

    21 Feb 2025, 12:52PM Scrutinizer's Report and Voting Results pursuant to Regulation 44(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

  • Kotak Mahindra Bank - Shareholders meeting

    21 Feb 2025, 12:44PM Kotak Mahindra Bank Limited has submitted the Exchange a copy of Srutinizers report of Postal Ballot.

  • Kotak Mahindra Bank - Shareholder Meeting / Postal Ballot-Outcome of Postal_Ballot

    21 Feb 2025, 12:43PM Scrutinizer's Report and Voting Results pursuant to Regulation 44(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

  • Kotak Mahindra Bank - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

    20 Feb 2025, 5:26PM Pursuant to the provisions of Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please note that the repr

  • Kotak Mahindra Bank - Analysts/Institutional Investor Meet/Con. Call Updates

    20 Feb 2025, 5:26PM Kotak Mahindra Bank Limited has informed the Exchange about Schedule of meet

  • Kotak Mahindra Bank - Updates

    14 Feb 2025, 6:01PM Kotak Mahindra Bank Limited has informed the Exchange regarding 'Confirmation of Payment of Interest to the Bondholders under Reg 57(1) of SEBI LODR'.

  • Kotak Mahindra Bank - Intimation Under Regulation 30 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulation

    12 Feb 2025, 7:04PM Update

  • Kotak Mahindra Bank - General Updates

    12 Feb 2025, 7:04PM Kotak Mahindra Bank Limited has informed the Exchange about General Updates on Removal of Supervisory Restrictions

  • Kotak Mahindra Bank - Update - Appointment Of Director / Key Managerial Personnel / Senior Management Personnel

    11 Feb 2025, 7:35PM Update

  • Kotak Mahindra Bank - General Updates

    11 Feb 2025, 7:34PM Kotak Mahindra Bank Limited has informed the Exchange about General Updates - Appointment of Director / Key Managerial Personnel / Senior Management P

  • Kotak Mahindra Bank - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

    10 Feb 2025, 6:06PM Intimation attached

  • Kotak Mahindra Bank - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

    10 Feb 2025, 6:00PM Intimation attached

  • Kotak Mahindra Bank - Analysts/Institutional Investor Meet/Con. Call Updates

    10 Feb 2025, 5:28PM Kotak Mahindra Bank Limited has informed the Exchange about Schedule of meet

  • Kotak Mahindra Bank - Analysts/Institutional Investor Meet/Con. Call Updates

    10 Feb 2025, 5:26PM Kotak Mahindra Bank Limited has informed the Exchange about Schedule of meet

  • Kotak Mahindra Bank - Analysts/Institutional Investor Meet/Con. Call Updates

    10 Feb 2025, 5:23PM Kotak Mahindra Bank Limited has informed the Exchange about Schedule of meet

  • Kotak Mahindra Bank - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

    10 Feb 2025, 5:57PM Intimation attached

  • Kotak Mahindra Bank - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

    7 Feb 2025, 4:44PM Pursuant to the provisions of Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please note that the repr

  • Kotak Mahindra Bank - Analysts/Institutional Investor Meet/Con. Call Updates

    7 Feb 2025, 4:44PM Kotak Mahindra Bank Limited has informed the Exchange about Schedule of meet

  • Stock Update: Kotak Mahindra Bank

    27 Mar 2025 , 10:25AM Stock Update: Kotak Mahindra Bank - Improving Outlook, reiterate buy

  • Kotak Mahindra Bank

    24 Mar 2025 , 10:52AM Kotak Mahindra Bank appoints Bhavnish Lathia as CTO: Kotak Mahindra Bank’s board of directors, at their meeting on Saturday, appointed Bhavnish Lathia as the new Chief Technology Officer (CTO) and Vyomesh Kapasi as a member of the Group Management Council. Both officials, whose appointments are effective from March 22, 2025, will be ’Senior Management Personnel’ of the bank. Positive

  • Kotak Mahindra Bank

    24 Mar 2025 , 10:39AM The bank has announced appointments of multiple senior officials. Appointed Mr. Bhavnish Lathia as the new Chief Technology Officer, Mr. Vyomesh Kapasi, Head, Consumer Bank - Product, Mr. Pranav Mishra - Head, Consumer Bank - Distribution.

  • Kotak Mahindra Bank

    21 Feb 2025 , 10:11AM The bank has appointed Vyomesh Kapasi as Head of Products for the Consumer Bank and Shahrukh Todiwala as the new MD & CEO of Kotak Mahindra Prime.

  • Kotak Mahindra Bank

    21 Feb 2025 , 9:56AM S&P Global ratings affirms Kotak Mahindra Bank ratings and outlook remains positive.

  • Kotak Mahindra Bank

    30 Jan 2025 , 2:25PM Media reports are suggesting that 3 senior retail banking executives have resigned - Mr. Ambuj Chandana, Head of Consumer Products; Mr. Amarnath Janardhan & and Mr Narendra Agrawal, Branch Banking head. There has been high attrition at the top-level management since Mr. Ashok Vaswani has joined the bank as MD & CEO. To manage the leadership gap, the bank has implemented an interim framework to ensure business continuity during the leadership transition. Sentimentally negative

  • Stock Update: Kotak Mahindra Bank Q3FY25 results

    20 Jan 2025 , 10:23AM Stock Update: Kotak Mahindra Bank Q3FY25 results – Stable performance amid headwinds & RBI embargo

  • Kotak Mahindra Bank

    6 Jan 2025 , 9:14AM The Chief Operating Officer & Chief Technology Officer, Mr. Milind Nagnur has resigned citing personal reasons. This is the second senior-level resignation from the bank after the new CEO, Mr. Ashok Vaswani, was chosen by the RBI in January 2024 to replace founder Mr. Uday Kotak. Earlier in May 2024, Mr. KVS Manian, who was with the bank since the beginning had resigned with immediate effect. Sentimentally Negative

  • Kotak Mahindra Bank

    27 Nov 2024 , 11:18AM The Competition commission of India has approved Kotak Mahindra Bank’s proposal to acquire Standard Chartered Bank's unsecured personal loan book. In October, Kotak Bank signed an agreement with Standard Chartered Bank to acquire the loan portfolio. Sentimentally Positive

  • Kotak Mahindra Bank

    21 Oct 2024 , 1:50PM The bank to acquire Standard Chartered Bank's personal loan book worth ₹ ₹4,100 crore.

  • Stock Update: Kotak Mahindra Bank Q2FY25 results

    21 Oct 2024 , 11:11AM Stock Update: Kotak Mahindra Bank Q2FY25 results – Weak quarter on expected lines

  • Kotak Mahindra Bank

    5 Jun 2024 , 3:10PM RBI has approved Zurich Insurance Company’s proposed acquisition of 70% stake in Kotak Mahindra General Insurance Company for Rs 5,560 crore.

  • Kotak Mahindra Bank

    25 Apr 2024 , 10:21AM RBI has asked lender to stop onboarding new customers through its online/ mobile banking channels and issuing fresh credit cards with immediate effect. The directive comes as part of regulatory actions taken by the central bank in response to concerns regarding compliance and risk management at Kotak. Negative

  • Kotak Mahindra Bank buys stake in Sonata Finance

    28 Mar 2024 , 2:17PM Kotak Mahindra Bank acquires 100% stake in Sonata Finance for Rs. 537 cr

  • Kotak Mahindra Bank

    26 Feb 2024 , 12:39PM The Zurich Insurance and Kotak Mahindra General Insurance Company have mutually agreed that Zurich will acquire 70% stake in Kotak General through a combination of primary and secondary acquisitions in a single tranche, for Rs 5,560 crore. As per an earlier disclosure made in November 2023, Zurich Insurance was supposed to make initial acquisition of 51% stake in Kotak General through a combination of capital infusion and share purchase, followed by a subsequent acquisition of an additional 19% stake in 3 years from the initial acquisition. Neutral

  • Kotak Mahindra Bank

    20 Feb 2024 , 10:23AM The bank has retained its senior executives in key positions, giving them new titles as the lender reshuffled its senior management. Mr KVS Manian has been promoted as Joint Managing Director w.e.f March 1. Currently he is Whole-time Director of Bank. In last week as per media reports, he was a front runner as an external candidate for MD & CEO post at Federal Bank. The bank has also promoted Mrs. Shanti Ekambaram as Deputy Managing Director w.e.f March 1. It has appointed Mr. Devang Gheewala as group CFO in place of Mr. Jaimin bhatt who is retiring. Positive

  • Stock Update: Kotak Bank – Q3FY24 Results update

    23 Jan 2024 , 1:18PM Stock Update: Kotak Bank – Q3FY24 Results update: Strong core performance, deposit mobilisation a challenge

  • Kotak Mahindra Bank

    23 Jan 2024 , 10:13AM Kotak Mahindra Bank: The bank has approved raising of Rs 10,000 crore by way of the issuance of NCDs on a private placement basis.

  • Kotak Mahindra Bank

    28 Dec 2023 , 1:33PM RBI has approved the appointment of Mr. C S Rajan, as an Independent Director on the board of Bank, as the part-time Chairman of the bank, for two years, with effect from January 1, 2024. Neutral

  • Kotak Mahindra Bank

    30 Nov 2023 , 11:24AM Mr. Jay Kotak, son of Mr. Uday Kotak, has assumed additional charge as Senior Vice-President – Conglomerate Relationships apart from co head for Kotak- 811.

  • Kotak Mahindra Bank

    2 Nov 2023 , 10:23AM Bank`s General Insurance arm has entered into definitive agreements for a transaction with Zurich Insurance Company Limited whereby Zurich will invest approximately Rs. 4,051 crore to acquire a 51% stake in Kotak General Insurance through a combination of fresh growth capital and share purchase and will acquire an additional stake of 19% within a period of three years from its initial acquisition transaction subject to regulatory approvals. Valuation is in line with the expectation. Sentimentally Positive

  • Kotak Mahindra Bank

    4 Sep 2023 , 10:30AM Mr. Uday Kotak voluntarily retires from MD & CEO post, 3 months before the tenure end has come as a surprise. But he has been appointed as non-executive director approved by shareholder. Mr. Dipak Gupta who is currently Joint MD will take interim the charge. Two names have sent to RBI approval for the post of MD, CEO. We would watch out for RBI approval on the same. Expectations is that either Mrs. Shanthi Ekambaram or Mr. KVS Manian may be elevated post RBI approval.

  • Kotak Mahindra Bank

    15 Jun 2023 , 10:37AM As per the media reports, Zurich Insurance in talks to acquire up to 51% stake in Kotak General Insurance for around $400 million.

  • Kotak Mahindra Bank

    14 Jun 2023 , 10:46AM Kotak Mahindra Bank: Board to consider raising of funds by way of issuance of Unsecured, Redeemable, Non-Convertible Debentures / Bonds, in one or more tranches / series, on a private placement basis, during the FY 2023-24 on 16 June, 2023.

  • Kotak Mahindra Bank

    9 Jun 2023 , 10:01AM According to media reports, Canada Pension Fund is looking to sell 3.3 crore shares, representing a 1.6 percent stake in private lender Kotak Mahindra Bank, for $750 million through a block deal on Friday (June 9). The fund is selling at a price band of Rs 1,792-1,886 per share, which is around 0-5% discount to the current market price (CMP).

  • Kotak Mahindra Bank

    24 Apr 2023 , 10:46AM Kotak Mahindra Bank: Bank has received shareholder approval to appoint Mr. Uday Kotak as a non-executive, non-independent director after his tenure as CEO ends in December, 2023.

  • Kotak Mahindra Bank

    11 Apr 2023 , 10:37AM Kotak Bank: The latest quarterly shareholding pattern indicated that FII shareholding is at 41.22%. As per the understanding, for MSCI weight doubling, FII shareholding should have been below 41.25%. Its marginally below the threshold. This could lead to MSCI weight doubling in May and is estimated to see buy flows which could be close to $700-750 million. Positive read through.

  • Kotak Mahindra Bank

    10 Mar 2023 , 11:55AM Bank guided that it has small exposure to the Adani Group which has been made in line with its credit philosophy. However, the quantum of exposure was not defined. Neutral

  • Kotak Mahindra Bank

    21 Feb 2023 , 11:26AM Media reports suggest that bank has engaged a consulting firm Egon Zehnder to lead a global search for its new MD & CEO.Group president and whole-time directors Shanti Ekambaram and KVS Manian are the internal candidates for the top job. However, the board is expanding the search to ensure it finds suitable external candidates also.

  • Kotak Mahindra Bank

    13 Feb 2023 , 10:35AM Kotak bank acquires Sonata Finance (NBFC-MFI) for Rs.537 crore in all cash deal

  • Stock Update: Kotak Mahindra Bank

    23 Jan 2023 , 11:54AM Stock Update: Kotak Mahindra Bank – Q3FY23 Results update: Strong business growth; Margin continues to scale new highs

  • Kotak Mahindra Bank

    26 Aug 2022 , 11:32AM Bank has appointed Mr. Bhavnish Lathia as Chief of Customer Experience to spearhead the customer service function for the bank. In addition to this, Mr. Lathia will also oversee technology of the Consumer Bank. Mr. Lathia has previously worked with Amazon across business functions and with US-based Valo Health as the chief product officer.

  • Kotak Mahindra Bank acquires DLL India

    8 Jul 2022 , 3:17PM Kotak Mahindra Bank acquires DLL India’s agri & healthcare equipment financing portfolio

  • Kotak Mahindra Bank

    5 Jul 2022 , 12:29PM RBI has imposed a monetary penalty of Rs. 1.05 crore on Kotak Mahindra Bank Ltd for contravention of the provisions of banking regulations related to non-compliance with customer protection guidelines. The penalty imposed is based on deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the bank with its customers. Inspection report revealed that the bank failed to credit the eligible amount to the Depositor Education and Awareness Fund within the prescribed period.

  • Kotak Mahindra Bank

    10 Jun 2022 , 11:50AM Kotak Bank: Bank hikes savings a/c rate by 50 bps to 4% for deposits of over Rs 50 lakh. Term deposit rates have also been increased by up to 25 bps.

  • Kotak Bank Q4FY22 results – Strong Operational performance

    4 May 2022 , 2:10PM Kotak Bank Q4FY22 results – Strong Operational performance; Operating Profit & PAT beat vs street expectations; asset quality further improves

  • Kotak Mahindra Bank

    23 Dec 2021 , 9:54AM Kotak Mahindra Bank through its subsidiary, Kotak Mahindra Prime has agreed to acquire the vehicle finance portfolio of Ford Credit India, an Indian captive financing arm of Ford Motor Co. Kotak Mahindra Prime is expected to get access to over 16,000 clients with a total outstanding loan book of Rs. 425 cr. In the recent past (three months back), the Kotak Mahindra Group had acquired the vehicle financing loan portfolio of Volkswagen Finance comprising passenger cars, two-wheelers and commercial vehicles. As of September 2021, commercial vehicles constituted 8% of the customer assets. Positive

  • Kotak Mahindra Bank

    10 Dec 2021 , 9:58AM The bank's board will meet on December 10 and 11 to consider raising of funds through multiple debt instruments in one or more tranches for FY23. The funds can be raised through unsecured, redeemable, non-convertible debentures/bonds/other debt securities, on private placement basis, in Indian/foreign currencies, in domestic and/or overseas markets, in one or more tranches, during FY2022-23. However, the quantum of funds to be raised by the bank is not known yet. As per earlier media reports, Kotak Mahindra Bank has emerged as the top contenders to acquire the assets of Citibank’s Indian retail business. Axis bank is also bidding for the Citibank’s assets. Positive.

  • RBI allows LIC to raise stake in Kotak Mahindra Bank. Stock gains

    29 Nov 2021 , 2:55PM Approval to LIC by the RBI for acquiring shares of Kotak Mahindra Bank

  • Kotak Mahindra Bank to buy stake in KFin Technologies

    20 Sep 2021 , 12:07PM Kotak Mahindra Bank to acquire 10% stake in KFin Technologies for Rs. 310 crore

  • Kotak Bank to sell shares of Airtel Payments Bank to Bharti Enterprises

    31 Aug 2021 , 2:54PM Share Purchase Agreement for sale of 20 crore equity shares of Airtel Payments Bank to Bharti Enterprises

  • Kotak Mahindra Bank – Q4FY2021 Result Review

    4 May 2021 , 10:20AM Kotak Mahindra Bank – Q4FY2021 Result Review – Strong fundamentals, Positive performance

  • Kotak Mahindra Bank – Q4 FY2021 Result Review First Cut

    3 May 2021 , 3:03PM Kotak Mahindra Bank – Q4 FY2021 Result Review First Cut – Mixed results

  • Kotak Mahindra Bank

    20 Apr 2021 , 10:38AM As per media reports, Kotak Mahindra Bank has invested Rs 40 crore in nonbank lender Northern Arc Capital in a debt financing facility, which is backed by partial guarantees from the Michael & Susan Dell Foundation and the Rockefeller Foundation. The transaction is part of the Covid-response package of both these impact institutions, that aims to alleviate the economic and social impact of the pandemic.

  • Kotak Mahindra Bank signs MoU with Indian Army

    5 Mar 2021 , 12:07PM Kotak Mahindra Bank sells equity shares of Rs. 10 each of ECA Trading Services

  • Kotak Mahindra Bank

    5 Mar 2021 , 10:40AM Kotak Mahindra Bank Limited (KMB) will handle the salary account of the Indian army personnel and has signed a memorandum of understanding (MoU) with the Indian Army here for salary account. Also, the Bank has sold 1,09,48,925 Equity Shares of Rs.10/- each (10% of its stake) of ECA Trading Services Limited (ECA) (Formerly known as Ace Derivatives & Commodity Exchange Limited) to Kotak Securities Limited (a wholly owned subsidiary of the Bank), at a consideration of Rs.1.98 crore. The holding of the Bank at the consolidated level continues to be 20%. - Sentimentally Positive for the bank.

  • Kotak Mahindra Bank

    2 Mar 2021 , 10:26AM Kotak Mahindra Bank announced that it has reduced interest rate on home loans by 10 bps to 6.65% across all ticket sizes applicable till 31st March 2021.

  • Kotak Mahindra Bank – Q3FY2021 Results Update

    27 Jan 2021 , 10:31AM Kotak Mahindra Bank – Q3FY2021 Results Update – Stands tall with strong fundamentals

  • Kotak Mahindra Bank

    15 Dec 2020 , 10:12AM The Reserve Bank of India has approved the reappointment of Uday Kotak as managing director and chief executive officer of Kotak Mahindra Bank. Mr Kotak has already served as the chief of the bank for over 17 years will continue at the position of MD & CEO for another three years. RBI also granted approval for reappointing Prakash Apte as part-time chairman and Dipak Gupta as joint managing director for a period of three years with effect from January 2021. The board of directors and shareholders of the bank had approved these re-appointments at their meetings. View: Positive read thru as the move puts to rest uncertainty about Mr Kotak’s reappointment, which came up after RBI released a discussion paper in June 2020 which had proposed capping the tenure of bank CEOs who are promoters or large shareholders at 10 years.

  • Kotak Mahindra Bank

    11 Dec 2020 , 11:28AM RBI restricts bank from paying out dividend on perpetual non-cumulative preference shares (PNCPS).– Neutral read thru. The RBI had already stated in its developmental and regulatory policies report that banks cannot make any dividend payouts from the profits pertaining to the financial year 2019-20. This was in order to further strengthen the banks’ balance sheets while at the same time supporting lending to the real economy, and the development on PNCPS is in line with the same.

  • Kotak Mahindra Bank

    23 Nov 2020 , 10:54AM Kotak Securities (KSL), a 100% owned subsidiary of Kotak Mahindra Bank announced the launch of its Trade Free Plan, with zero brokerage on intra-day trades and Rs 20 per order for all other Future & Options (F&O) trades. This fixed brokerage plan is available for F&O across equity, commodity, and currency segments.

  • Kotak Mahindra Bank – Stock Update

    20 Nov 2020 , 12:41PM Kotak Mahindra Bank – Stock Update: Revving up for growth

  • Kotak Mahindra Bank – Q2FY21

    27 Oct 2020 , 10:37AM Kotak Mahindra Bank – Q2FY21: Growth gears shifting slowly

  • Kotak Mahindra Bank – Q2 FY21 Results First Cut

    26 Oct 2020 , 2:39PM Kotak Mahindra Bank – Q2 FY21 Results First Cut - Strong results

  • Kotak Mahindra Bank

    19 Oct 2020 , 10:35AM Kotak Mahindra Bank has lowered its housing loan rate to 7% with Savings of up to Rs. 20 lakh on Balance Transfer cases. For the onset of festive season, the bank has also halved its processing fees for credit taken to buy homes, cars and bikes etc. As part of its ‘Khushi ka Season’ (season of happiness) offering, the private lender also announced special benefits on other banking products including savings accounts, debit and credit cards, and no-cost equated monthly instalment (EMI) payments.

  • HDFC Bank, Kotak Bank, Indusind Bank

    28 Aug 2020 , 9:53AM FTSE has clarified that HDFC Bank, Kotak Bank, will no longer be additions to FTSE Large Cap index and Indusind Bank will also no longer be additions to FTSE Mid Cap index due to failing minimum foreign headroom requirement.

  • HDFC Bank, Kotak Bank, ICICI bank

    24 Aug 2020 , 3:51PM As per media reports, FTSE Rebalancing may include HDFC Bank, Kotak Bank, ICICI bank etc which consequently are expected to see positive flows of the passive funds. - Sentimentally positive

  • Kotak Mahindra Bank

    11 Aug 2020 , 11:23AM The bank has said it has achieved compliance with the RBI norms in respect of dilution of promoter Uday Kotak's shareholding. The bank was required to bring down the promoter's shareholding to 26 percent.

  • Kotak Mahindra Bank

    28 Jul 2020 , 11:20AM Kotak Mahindra Bank – Q1FY2021 Results Review: Mixed results, but better placed on asset quality

  • Kotak Mahindra Bank

    27 Jul 2020 , 3:44PM Kotak Mahindra Bank – Q1 FY21 Results First Cut – Mixed Results, asset quality niggles seen

  • Kotak Mahindra Bank

    17 Jul 2020 , 11:54AM As per the latest shareholding pattern (June), the free float of Kotak Mahindra Bank (KMB) has increased to 73.93% from 70.08%. The current FII limit is 45% while the FII holding is ~42.15%.

  • L&T, Kotak Mahindra Bank

    1 Jul 2020 , 9:15AM MSCI has deferred the consideration of new Foreign Ownership Limit (FOL) from its current limit to the sectoral limit until further notice. – Sentimentally Negative for companies like L&T and Kotak Bank which were expected to see increased weight changes in the re-balance. The deferment may see consequent delay in passive funds' buying interest in these stocks. As per estimates earlier, the rebalance would have potentially led to $1.3 billion passive inflows in India.

  • Axis Bank, Kotak Mahindra Bank

    25 Jun 2020 , 3:58PM As per media reports, Axis Bank (likely increase by 2.54% in Bank Nifty), Kotak Mahindra Bank (likely increase by 1.26% in Bank Nifty) are expected to witness a likely increase in their weights on the Nifty Bank indices.

  • Uday Kotak to sell 2.83% stake in Kotak Mahindra Bank

    2 Jun 2020 , 11:30AM Uday Kotak to sell 5.6 crore shares in Kotak Mahindra Bank to comply with RBI norms

  • Kotak Mahindra Bank

    2 Jun 2020 , 9:52AM The promoter Mr Uday Kotak is looking to sell around 5.6 crore shares of the bank (Price range of Rs 1,215 - 1,240 per share, likely deal size ~Rs 6900 crores) in a bulk deal. The price range represents a discount of 0.7% to 2.7% to the closing price on Monday.

  • Kotak Mahindra Bank

    1 Jun 2020 , 9:40AM The bank’s board of directors of the Bank has approved the issue and allotment of 6.50 crores Equity Shares (face Rs 5 each) to eligible qualified institutional buyers (QIB) at the issue price of Rs 1,145 per Equity Share (at a discount of ~6.4% from Friday closing price, but at close to the floor price). The equity infusion will result in adding to the Networth by ~Rs 7,442.5 (will add to CRAR ~230 BPS) pursuant to the Issue. Some of the key investors in the QIP were Invesco Oppenheimer, Canada Pension funds and ICICI Prudential MF etc to the QIP.

  • Kotak Mahindra Bank

    28 May 2020 , 9:43AM As per media reports, Kotak Mahindra Bank QIP has been subscribe three times till 27th of May 2020. Domestic investors included Mutual Funds, while GIC and Oppenheimer were global investors to the QIP-Sentimentally Positive

  • Kotak Mahindra Bank launches QIP to raise up to Rs. 7,460.38 crore

    27 May 2020 , 10:47AM Kotak Mahindra Bank rises over 4% to Rs. 1,202.35, after bank launches QIP to raise upto Rs. 7,460.38 crore

  • Kotak Mahindra Bank

    27 May 2020 , 9:39AM The bank has launched a qualified institutional placement (QIP) offering to raise up to Rs 7,500 crore. Kotak Mahindra Bank has set a floor price of Rs 1,147.75 per share for the offering.

  • Kotak Mahindra Bank

    26 May 2020 , 12:10PM The bank has reduced its deposit interest rates to 3.50% per annum (on balance up to Rs. 1 lakh) and 4% pa on balance above Rs. 1 lakh.- Sentimentally Positive. The reduction in deposit rates will help support the NIMs for the bank.

  • Kotak Mahindra Bank

    26 May 2020 , 9:49AM As per media reports, Kotak Mahindra Bank is planning to first launch an QIP of Rs 7500 crores (around 6.5 cr shares) this week, which is likely to be followed by share sale by Mr Uday Kotak, promoter of around Rs 6600 crores (around 5.7 crores shares). The QIP and the subsequent share sale are expected to help bring down the Promoter shareholding to 26% as mandated by the RBI.

  • Kotak Mahindra Bank

    21 May 2020 , 12:52PM Kotak Mahindra Bank: As per media news Kotak Bank is likely to launch a QIP next week after regulatory approvals and will raise nearly Rs 10,000 crores via QIP (likely to offer ~5-7 crore shares in QIP).

  • Kotak Mahindra bank

    14 May 2020 , 10:46AM Kotak Mahindra Bank – Viewpoint Q4 FY20 Result Update; Ahead of the pack

  • Kotak Mahindra Bank

    13 May 2020 , 1:46PM Kotak Mahindra Bank – Q4 FY20 Results First Cut – Better than expectations

  • Kotak Mahindra Bank up on fund raising

    23 Apr 2020 , 3:11PM Kotak Mahindra Bank rises by 9% to Rs. 1,251.95, as board approves raising of capital by way of issue of equity shares

  • Kotak Mahindra Bank

    22 Apr 2020 , 3:02PM The bank’s board has approved of raising of raising of capital by way of issue of equity shares for up to 6,50,00,000 (Six Crores and Fifty Lacs) equity shares of Rs. 5 (five) each, through a private placement / follow-on public offering (FPO) / QIP etc or a combination thereof, subject to requisite approvals.

  • Kotak Mahindra Bank approves fund raising

    22 Apr 2020 , 12:42PM Kotak Mahindra Bank board approves issuing upto 6.5 crore equity shares via private placement, QIP & FPO

  • Kotak Mahindra Bank board to mull fund raising

    20 Apr 2020 , 11:47AM Kotak Mahindra Bank board will meet on April 22, 2020 to consider raising equity capital

  • Kotak Mahindra Bank

    20 Apr 2020 , 9:26AM A meeting of the Board of Directors of the Bank is scheduled to be held on April 22, 2020 to consider raising of equity capital by the Bank through private placement/ FPO / QIP issue or through a combination thereof, subject to necessary approvals. Also, the bank has also cut saving deposit rates. For balance up to Rs 1 lakh, the interest rate has been cut by 125 bps to 3.75% and for balance above Rs 1 lakh, the interest rate has been cut by 150 bps to 4.5% versus 6% earlier.

  • Kotak Mahindra Bank

    7 Apr 2020 , 11:02AM Kotak Bank Q4 FY20 (provisional) update – Strong performance, market share gains

  • Kotak Mahindra Bank

    1 Apr 2020 , 10:09AM The bank would offer 5% (from 6% earlier) on savings accounts with daily balance above Rs 1 Lakh, wef April 1. For savings accounts, with daily balance of upto Rs 1 Lakh, the interest rate will remain at 4%.- Sentimentally Positive as the move will help reduce the Cost of Funds for the bank. The bank on its Conference call stated its focus to protect its balance sheet and maintain its asset quality.

  • Kotak Mahindra Bank

    1 Apr 2020 , 9:29AM Kotak Mahindra bank had a concall

  • Kotak Mahindra Bank

    24 Mar 2020 , 10:01AM Kotak Mahindra Bank in a conference call discussed impact of Covid-19

  • Kotak Mahindra Bank

    11 Mar 2020 , 10:24AM As per media reports, Kotak Mahindra Bank (KMB) is evaluating the acquisition of a majority stake in Lakshmi Vilas Bank (LVB). Meanwhile in another news Capital starved LVB has approached the RBI with a plan to raise Rs1,800-2,200 crore from overseas investors through the sale of a 49-60% stake, according to media reports. DBS Bank India, Indostar Capital Finance (backed by Everstone Capital), a private sector bank, Temasek etc are also likely to have expressed interest for LVB. – Neutral read thru for Kotak Bank.

  • Kotak Mahindra Bank

    19 Feb 2020 , 10:21AM Kotak Mahindra Bank has informed that the RBI has given final approval to the matter relating to dilution of the promoter’s shareholding in the bank. Hence, the promoters’ voting rights in the bank will be capped to 20% of paid-up voting equity share capital (PUVESC) until March 31, 2020. Thereafter, the promoters' voting rights in the bank needs to be capped at 15%. And within six months from the date of final approval of the RBI, the promoters’ shareholding in the bank will need to be reduced to 26%. The RBI had earlier asked the bank to cut promoter shareholding to 20% of paid up capital by December 31, 2018, and 15% by March 31, 2020. As on December 31, promoters held 29.96% stake in the bank

  • Kotak Mahindra Bank gets RBI nod on promoters' stake dilution plan

    19 Feb 2020 , 10:07AM Kotak Bank receives final RBI approval on dilution of promoters' shareholding

  • Kotak Mahindra Bank gets RBI nod on promoters' stake dilution plan

    19 Feb 2020 , 10:06AM Kotak Bank receives final RBI approval on dilution of promoters' shareholding

  • Kotak Mahindra Bank

    31 Jan 2020 , 10:31AM Kotak Mahindra Bank informed that the RBI has in-principle accepted that promoters’ voting rights in the bank is to be capped to 20% of paid-up voting equity share capital (PUVESC) until March 31, 2020. Thereafter, the promoters' voting rights in the bank needs to be capped at 15%. And within six months from the date of final approval of the RBI, the promoters’ shareholding in the bank need to be reduced to 26%. The RBI had asked the bank to cut promoter shareholding to 20% of paid up capital by December 31, 2018, and 15% by March 31, 2020. As on December 31, promoters held 29.96% stake in the bank

  • Kotak Mahindra Bank

    21 Jan 2020 , 10:11AM Kotak Mahindra Bank – Q3 FY20 Result Update - An ordinary quarter

  • Kotak Mahindra Bank

    20 Jan 2020 , 3:06PM Kotak Mahindra Bank – Q3 FY20 Results First Cut – Weak results

  • Kotak Mahindra Bank

    9 Jan 2020 , 12:19PM As per media reports, the Bombay High Court will resume the hearings on Kotak Mahindra Bank Ltd.’s case against the Reserve Bank of India. The lender is contesting an RBI rule that requires Mr Uday Kotak to cut his shareholding to below 20%. A final order isn’t expected today. The court had previously refused to shield Kotak Mahindra Bank from any interim punishment by the RBI.

  • Kotak Mahindra Bank

    23 Oct 2019 , 12:15PM Kotak Mahindra Bank Q2FY20 result update - Healthy operating performance, slight niggles in asset quality

  • Kotak Mahindra Bank

    22 Oct 2019 , 3:13PM Kotak Mahindra Bank Q2FY20 results first cut – Healthy operating performance

  • Kotak Mahindra Bank: View Point

    23 Jul 2019 , 12:02PM Kotak Mahindra Bank: View Point: Q1FY20 result review – Stable performance

  • RBI imposes a penalty on Kotak Mahindra Bank of Rs 2 crore

    10 Jun 2019 , 9:26AM Kotak Mahindra Bank (KMB): The Reserve Bank of India imposed a penalty on KMB of Rs 2 crore for an alleged failure to comply with the RBI’s direction – Sentimentally Negative

  • Kotak Mahindra Investments exits Matrix Business

    26 Apr 2019 , 11:49AM Kotak Mahindra Bank: As per media reports, Kotak Mahindra Bank’s subsidiary Kotak Mahindra Investments is exiting Matrix Business Services by selling its entire 19.77 per cent stake for Rs 10.32 crore. – Sentimentally Positive

  • Kotak Mahindra Bank arm to sell 19.77% stake in Matrix Business

    26 Apr 2019 , 10:49AM Kotak Mahindra Investments executes Share Purchase Agreement, for sale of its entire equity stake of 19.77% in Matrix Business

  • Bombay HC adjourns Kotak Mahindra Bank vs RBI case to January 9, 2020

    23 Apr 2019 , 10:46AM Kotak Mahindra Bank (KMB): The Bombay High Court has adjourned hearing in KMB vs. Reserve Bank of India (RBI) case on promoter stake dilution to 9th January 2020 – Sentimentally positive as near term overhang reduces

  • Bombay High Court adjourn case between Kotak Mahindra Bank and RBI

    13 Mar 2019 , 11:28AM Kotak Mahindra Bank (KMB): The Bombay High Court has adjourned the hearing of the case to 1st April 2019. The case was between KMB and Reserve Bank of India and was concerning the promoter stake sale issue. – Neutral

  • Kotak Mahindra Bank

    27 Feb 2019 , 11:24AM Kotak Mahindra Bank (KMB): Bank raised ceiling on total shareholding of FII and FPI to 45% from earlier limit of 43%. The increase in shareholding limit comes as the bank struggles with a RBI’s directive on reducing its promoters stake – Stock to be in focus.

  • Kotak Bank approves raising FII/FPI limit to 45% from 43%

    26 Feb 2019 , 3:08PM Increase in Foreign Institutional Investors(FII)/Foreign Portfolio Investors(FPI) ceiling limit

  • ING to sell 1.20% stake in Kotak Mahindra Bank

    22 Feb 2019 , 10:13AM ING is likely to sell shares worth Rs 2,818-2,875 crore via block deal.

  • ING Mauritius Investments to sell 1.2% in Kotak Mahindra Bank

    22 Feb 2019 , 10:03AM Kotak Mahindra Bank: As per media news, ING Mauritius Investments to sell 1.2% in Kotak Mahindra Bank (KMB) via block deal at ~3-5% discount to LTP – Stock to be in focus.

  • Kotak Mahindra come up for hearing before the Bombay High Court

    17 Jan 2019 , 11:00AM The case of Kotak Mahindra Bank appealing against an RBI decision on promoter stake dilution is likely to come up for hearing before the Bombay High Court on Thursday. – Stock to be in focus.

  • Kotak Mahindra Bank files petition against RBI in Bombay High Court

    11 Dec 2018 , 11:00AM Private lender Kotak Mahindra Bank has filed a writ petition with the Bombay High Court after the RBI turned down its plea to reduce promoter stake by issuing perpetual nonconvertible preference shares (PNCPS). - Neutral read thru

  • Kotak Mahindra Bank files writ petition against RBI

    10 Dec 2018 , 11:57AM Kotak Mahindra Bank slips over 7% to Rs. 1188.8, after filing a writ petition in Bombay High Court against Reserve Bank of India's

  • Kotak Mahindra Bank jumps on reports Berkshire Hathaway to buy stake

    7 Dec 2018 , 11:59AM Kotak Mahindra Bank surges by 14% to Rs. 1345.35, on reports that Warren Buffett’s Berkshire Hathaway Inc is planning to invest about $4 billion to $6 billion in the bank

  • Berkshire Hathaway may look to invest $4-6 billion in Kotak Bank

    7 Dec 2018 , 11:06AM Kotak Mahindra Bank: As per media reports, Berkshire Hathaway may acquire 10% stake in the bank. As per RBI guidelines the bank is required to dilute promoter stake below 20% by end of December 2018 – sentimentally positive

  • Kotak Mahindra Bank gains on heavy volumes

    8 Oct 2018 , 3:26PM Kotak Mahindra Bank surges by 6% to Rs. 1115, on heavy volumes

  • RBI rejects Kotak Mahindra Bank’s preferential issue

    16 Aug 2018 , 10:13AM RBI rejects Kotak Mahindra Bank’s preferential issue citing that it does not meet dilution norms. Under the norms of the licence given to the bank, the Founder and Promoter was to reduce the stake in the bank to 20% by 2019 and 15% by 2020. Kotak had earlier sought to lower promoter stake to 20%, as stipulated, by selling nonconvertible perpetual noncumulative preference shares (PNCPS) to a group of investors earlier this month - Sentimentally negative

  • Kotak Mahindra Bank to raise fund via preference shares

    3 Aug 2018 , 1:09PM Kotak Mahindra Bank raises Rs500 crore by issuing 1 crore non-convertible perpetual non-cumulative preference shares

  • Kotak Mahindra Bank to raise fund via preference shares

    2 Aug 2018 , 10:26AM Kotak Mahindra Bank plans to raise up to Rs500 crore by issuing preference shares on a private placement basis

  • Kotak Mahindra Bank to raise fund via preference shares

    2 Aug 2018 , 10:26AM Kotak Mahindra Bank plans to raise up to Rs500 crore by issuing preference shares on a private placement basis

  • Kotak Mahindra Bank: Viewpoint

    20 Jul 2018 , 11:37AM Kotak Mahindra Bank: Viewpoint – Steady operating performance

  • Kotak Mahindra Bank capitalising on opportunities

    2 May 2018 , 11:59AM We maintain our Positive view and believe the stock has 15-18% upside potential.

  • Opportunity galore for Kotak Mahindra Bank

    9 Mar 2018 , 10:49AM We initiate with a Positive rating and believe the stock has 18-20% upside potential from here.
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Key fundamentals

Evaluate the intrinsic value of Kotak Mahindra Bank Ltd stock 

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Shareholding Pattern

Corporate Action

XD-Date Dividend-Amount Dividend-% Dividend Yield(%GE) Price on that day
2.5 50 0 2084.9
19 Jul 2024 2 40 0 1624.3
04 Aug 2023 1.5 30 0 1921.15
11 Aug 2022 1.1 22 0 1775.6
11 Aug 2021 0.9 18 0 1725.45
18 Mar 2021 0 0 0 1978.95
19 Mar 2020 0 0 0 1578.15
12 Jul 2019 0.8 16 0 1386.55
20 Mar 2019 0.41 8.1 0 1238.9
11 Jul 2018 0.7 14 0 1211.1
12 Jul 2017 0.6 12 0 917.9
14 Jul 2016 0.5 10 0 731.55
18 Jun 2015 0.9 18 0 1423.25
04 Jul 2014 0.8 16 0 802.6
04 Jul 2013 0.7 14 0 717.45
06 Jul 2012 0.6 12 0 555.5
12 Jul 2011 0.5 10 0 422
30 Jun 2010 0.85 8.5 0 746.35
14 Jul 2009 0.75 7.5 0 484.65
14 Jul 2008 0.75 7.5 0 738.55
22 Jun 2007 0.7 7 0 541.35
07 Jul 2006 0.6 6 0 363.35
15 Jul 2005 1.25 12.5 0 398.6
14 Jul 2004 2.4 24 0 371.6
21 Jul 2003 2.1 21 0 152.4
19 Sep 2002 0 21 0 159.95
23 Jan 2002 0 20 0 49.45
25 Jun 2001 0 18 0 44.75
0 18 0 116.8
0 12 0 17.9
0 18 0 26.5
0 18 0 48.1

Peers

Other companies within the same industry or sector that are comparable to Kotak Mahindra Bank Ltd

Company Price Price (% change) pe(x) EV/EBITDA(x) ROE(%) ROCE(%)
Equitas Small Finance Bank Ltd 61.76 -4.34 47.88 235352.95 12.90 0.00
Fino Payments Bank Ltd 230.14 -4.25 20.70 17256.98 111.19 0.00
Central Bank of India 34.84 -5.35 8.01 1800252.74 43.47 0.54
Indian Overseas Bank 35.43 -5.70 20.13 3919982.23 17.63 0.00

Company Info

1985 - The company was incorporated on 21st November 1985 under the name Kotak Capital Management Finance Ltd. The Company has been promoted by Mr Uday S Kotak, Mr S.A.A Pinto and Kotak & Company. The company obtained the certificate of commencement of business on 11th February 1986 and the Existing promoters were joined by Mr Harish Mahindra and Mr Anand Mahindra. The company's name was changed on 8th April 1986 to its present name Kotak Mahindra Finance Ltd. - The Company deals in Bill discounting, leasing and hire purchase, corporate finance, management of fixed deposit mobilisation, financing against securities, money market operations, consumer finance, investment banking and clients' money management. 1990 - 3,08,770 No. of equity shares subscribed for by the promoters, directors, 3,41,230 No. of equity shares allotted as rights as on 28.3.89. 19,50,000 shares issued as bonus (6,50,000 shares in prop. 1:1 as on 29.7.89 and 13,00,000 shares in prop. 1:1 as on 27.2.91). 1991 - An application was made to SEBI for approval for setting up a Mutual Fund trust and an asset management company. The newly set up Corporate Advisory Services Group received several mandates for advice on mergers and acquisitions and re-structuring. - The Company's newly established Foreign Exchange Risk Management Service carters to the vast potential demand for price risk management. The Company established itself as a major leasing and hire-purchase company and as a source of finance for purchasers of automobiles. 1992 - In January, the Company offered and allotted 15,50,000 - 14% secured partly convertible debentures of Rs 90 each for a total value of Rs 13.95 crores in the following manner: (i) 2,00,000 debentures to promoters, directors, etc. (ii) 77,500 debentures to employees (including working directors)/workers on preferential basis (iii) 12,72,500 debentures to Indian public through prospectus. - Additional 30,000 debentures to promoters, directors, etc., 9,500 debentures to employees and 1,93,000 debentures to Indian public were allotted to retain oversubscription. - As per the terms of debenture issue, a portion of Rs 45 of each debenture of Rs 90 was to be converted into 1 equity share of Rs 10 each at a premium of Rs 35 per share as on the date of allotment of the debentures. Accordingly 17,82,500 No. of equity shares allotted as on 25th February, 1992, being the date of allotment of the debentures. The non-convertible portion of Rs 45 of each debenture would be redeemed at par in three equal instalments of Rs 15, Rs 15 and Rs 15 at the end of the 7th, 8th and 9th year respectively from the date of allotment of the debentures. - In April, the Company has raised Rs. 18 crores by issue of Commercial Paper which has been awarded P1 rating by Credit Rating and Information Services of India limited (CRISIL) indicating highest standards of safety. 1993 - During February, the Company issued 69,82,500 Rights equity shares of Rs 10 each at a premium of Rs 15 per share in proportion 1:1 (all were taken-up). Additional 13,950 shares were allotted to those who had applied for additional shares. - The Company issued through a Prospectus 44,00,000 No. of equity shares of Rs 10 each for cash at a premium of Rs 140 per share of which the following were reserved for allotment (i) 1,30,000 shares to promoters, directors, their relatives etc., (ii) 25,000 shares to Foreign/Indian Financial Institutions (all were taken up). Of the remaining 50,000 shares reserved for allotment on a preferential basis to employees (only 34,600 shares taken up). Another 5,55,000 shares to NRIs were reserved on non-repatriation basis (all were taken up). - Balance 36,40,000 shares, along with 15,400 shares not taken up by employees', were offered for public subscription. - At the 8th Annual General Meeting held on 28th September the Company has reserved 61,22,000 No. of equity shares of Rs 10 each for cash to be allotted at such issue price as may be decided by the board to Foreign Institutional Investors and/or, Foreign and/or Indian Pension and/or Mutual and/or other Funds and/or Institutions, Banks, Companies, Bodies and/or individuals and/or Groups of Individuals. - The Company's newly set up Corporate Advisory Services Group received several mandates for advice on mergers and acquisitions and re-structuring and some have already been executed with success. 1994 - The Company entered into a Memorandum of Understanding with KB Currency Advisors Inc. USA to market their Foreign Exchange Fund Management programme. - 183,65,500 Rights equity shares issued in prop. 1:1. 11,800 No. of equity shares forfeited. - The Company has received the approval of Securities and Exchange Board of India (SEBI) for setting up a Mutual Fund. 1995 - The Company issued 4,00,000 - 17% Secured Redeemable Non-convertible Debenture of Rs 2500 each including 96000 - 16% NCDs reserved for NRIs/URB (only 9510 taken-up). Unsubscribed portion of 90 debentures issued to the public. These are redeemable at par on 7.3.2001 with an option for early redemption up to a maximum of 5% of the issue amount every year. - The Company entered into a joint venture agreement with Ford Credit International Inc. (FCI), a subsidiary of Ford Motor Credit Co., USA. It was proposed to finance all non Ford Passenger cars. - Kotak Mahindra Capital company became a subsidiary of the Company. 1996 - The Company's operations were affected by the liquidity crunch, scarcity of resources, sluggishness in the capital markets and the overall deceleration of economic growth. - The Company has entered into a MOU with the Chubb Corporation, New Jersey, U.S.A., one of the largest American Insurance firms, to develop a Joint Venture dedicated to the conduct of casuallity and property insurance business in India. - The Company has invested a sum of about Rs 200 lakhs in Matrix Information Services private Ltd. (Matrix), a company formed for providing comprehensive value added information to business and general users. Matrix is a wholly owned subsidiary of the company. - The Company has divested its entire holding of 20,00,070 No. of equity shares of Rs 10 each of Kotak Mahindra Securities Ltd. (KMSL) and 20,00,000 ordinary shares of US $ 1 each of Kotak Mahindra International Ltd. - Hamko Financial Services Ltd., Kotak Mahindra Securities Ltd., provides of broking services to institutional and corporate clients, Kotak, Mahindra Asset Management Company, Kotak Mahindra International Ltd., an offshore company and Kotak Mahindra (UK) Ltd., are all subsidiaries of the Company. - The Company's public issue of 400000 16-17% Secured Redeemable Non-Convertible Debentures of Rs.2500 each for cash at par aggregating Rs.100 crores in January. 1997 - In recognition of the Company's prudent funds management, CRISIL has assigned a rating of AA to the Company's public issue of Non-Convertible Debentures and P1 for all short term borrowings upto Rs.35000 lakhs. - Kotak Mahindra Finance Ltd, has decided to venture into health insurance business. - Kotak Mahindra Finance has launched a new consumer finance product called Kotak Mahindra K-Value. - Hamko is a 100 per cent subsidiary of KMFL and investment in it was structured to avoid limitations of Section 372 under the Companies Act. - The company has diversified into various activities for which it has set up subsidiaries including broking, capital market activities, auto finance, etc. 1998 - Kotak Mahindra Asset Management Company Limited (KMAMCL) launched its mutual fund schemes in December. - The Company it would launch its mutual fund with two schemes -- KGilt Unit Scheme and K30 Unit Scheme. - Kotak Mahindra Finance, is a joint venture with Goldman Sachs. 1999 - The `FAA' (pronounced `F double A') rating assigned to the fixed deposit programme of Ford Credit Kotak Mahindra (FCKM) has been reaffirmed. - With the allotment to the Company of 50,000 equity shares of Rs. 10 each by Kotak Mahindra Trustee Company Limited (KMTCL) on 12th May. 2000 - Kotak Mahindra Finance Ltd (KMFL) and Chubb Corporation of the US have decided to call off their joint venture for entering the general insurance business in India. - The Company has decided to set up a venture capital fund with an initial corpus of Rs. 100 crore. - KMFL has set up a new asset reconstruction division to offer recovery management services to players in the financial services industry. - The Company Issue of 91,82,500 No. of Equity Shares of Rs. 10/- each for cash at a premium of Rs. 90/- per share aggregating Rs. 91,82,50,000 to the Equity Shareholders of the Company on Rights basis in the ratio of one equity share for every our equity shares held on 15th February. - Mr. K.K. Sheth has resigned effective from May 8. - Kotak Securities an affiliate of Kotak Mahindra Finance Ltd., has launched electronic broking services for retail investors. - Kotak Mahindra Finance is in talks with foreign insurers for a joint venture in the life insurance business. - The Company has proposed to start-up capital of Rs 150 crore in its life insurance joint venture with Old Mutual, the UK based financial services group. - The Company proposes to make the necessary applications to the RBI and the Insurance Regulatory and Development Authority for entering the life insurance business. - OM Kotak Mahindra Life Insurance Company, the recently formed joint venture company of Kotak Mahindra Financeand Old Mutual Plc has filed ts application for approva of life insurance licence on 1st September. - Kotak Mahindra Finance Ltd has been assigned Ind AAA rating (indicating highest credit quality) for its Rs.510 million medium term borrowing programme. - Fitch India has assigned a rating of Ind AAA to the Rs 51-crore medium term borrowing program of Kotak Mahindra Finnance Ltd for high credit quality and negligible risk factor. 2001 - The Company recommended a swap ratio of 25 shares of KMFL for every share of Pannier Tradings which has a 75 per cent equity stake in Kotak Securities. - The Bharath Petroleum Corporation Ltd (BPCL) has decided to part ways with Kotak Mahindra, one of the leading domestic financial services company, in its convenient store venture In & Out. 2002 -KMFL's business has seen a fast growth with the total disbursement of commercial vehicle loan of the company in the last fiscal was tuned to Rs. 250cr. -RBI has given in-principle approval to Kotak Mahindra Finance Ltd to convert itself into a bank, thereby becoming the first ever non-banking finance company converted into a bank. -Mr Uday Kotak says, there won't be any frsh capital infusion in the bank in the near future. -KMFL informed BSE the FITCH ratings assigned: Fixed Deposit Programme - Ind AAA Non-Convertible Debenture - Ind AAA -Mr.Ajay Sondhi has been appointed as the Additional Director of Kotak Mahindra Finance Ltd. -Kotal Mahindra Finance Company has shortlisted i-flex solutions 'Flexicube' and 'Infosys', 'Finnacle' for its core banking solutions. -KMFL has raised 76.22cr by selling securitised commercial vehicle loans to investors. -CRISIL has assigned 'AAA(SO)' rating for Rs.83cr securitisation Programme of Kotak Mahindra Finance Ltd. -Mr.Uday Kotak has been appointed as the Executive Vice Chairman and Managing Director of the company. -Kotak Mahindra Finance Ltd has mobilised Rs.104.89cr , asset-backed securitisation of commercial vehicle receivables. -Business Standard and Business Standard digital have ceased to be the subsidiaries of Kotak Mahindra Finance Ltd. -Mr.C Jayaram and Mr. Dipak Gupta are appointed as whole time Directors on the Board of Kotak Mahindra Finance Ltd. 2003 -Madison Communications has won the Rs.30cr Kotak Mahindra's media AOR account. -The proposal of changing the name from 'Kotak Mahindra Finance Ltd' to 'Kotak Mahindra Bank Ltd' and the proposal to change the Authorised capital from 100,00,00,000 divided into 10,00,00,000 equity shares of Rs.10 each has been approved by the company shareholders. -RBI has granted licence to Kotak Mahindra Finance Ltd to embark on its banking business. -O & M has got the creative account of Kotak Mahindra Bank, and has said to be working professionally. -Kotak Mahindra Bank has received a lot of interest from portfolio investors, private equity investors and potential strategic investors. -Kotak Mahindra Bank has entered into an ATM sharing agreement with UTI Bank, which would allow KMB's customer free access to around 800 ATM's. -Kotak Mahindra Bank has started its operations in New Delhi by inaugurating a branch Cannaught place office. -Dr.Shankar Acharya has been appointed as the Additional Director to the board of the bank. -The Board of Kotak Mahindra Bank Ltd accepts the resignation of Mr.S.A.A Pinto and Mr.M.R Punja as the Directors of the Bank. -Kotak Mahindra Investment Co Ltd. PCC a subsidiary of Kotak Mahindra Capital Company has constituted itself from a private company to a public limited co. and has changed its name to 'Global Investment Opportunities Fund Ltd'. -Kotak Mahindra bank has unveiled several home finance products options which includes Home loan, Home equity Loan, Home loan transfer and Home improvement loans. --Kotak Mahindra Bank launches online remittance services called, FUNDStoHOME for Non-resident Indians. -In reponse to the repo rate cut by theRBI, the Kotak Mahindra Bank has reduced its lending rates in home loans. -Kotak Mahindra Bank Limited has informed that the equity shares of the Bank have been delisted from the Delhi Stock Exchange Association Ltd w.e.f December 10, 2003. 2004 -Kotak Mahindra Bank Limited has informed that the Bank's equity shares will be delisted from The Stock Exchange, Ahmedabad with effect from January 20, 2004. -Kotak Mahindra Bank sets up branch in Surat -Kotak Mahindra Mutual Fund has launched Kotak Opportunities, an open-ended equity growth scheme -Kotak Mahindra Bank inks pact with Reuters 2005 -Kotak Mahindra Bank purchases stressed assets worth Rs 1,000 cr -Kotak Bank join hands with IndianNGOs.com -Kotak Mahindra Bank invests Rs 25 cr in BFW -Kotak Mahindra Bank has given the Bonus in the Ratio of 3:2 2006 -Kotak Mahindra joins hand HDFC Bank to share ATMs. -Kotak Mahindra to buy out Goldman Sachs' stake in JVs -Kotak Mahindra Bank sets up branch in Valsad -Kotak Mahindra subsidiary acquires Ford Credit's auto portfolio 2007 -Kotak Mahindra Bank Launches Home Banking, Improves Banking Experience -Kotak Mahindra Bank Launches Salary 2 Wealth -Kotak Mahindra Bank Launches Kotak Gold Debit Card -Kotak Mahindra Bank Ties up with Taxshax.com, Simplifies Filing of IT Returns 2008 - Kotak Mahindra Bank launched credit cards for its customers. 2009 -Kotak entered into tie up with Russia's top investment bank -Kotak Mahindra Bank Wins IT Team of the Year for 3rd Consecutive Time at the Banking Technology Awards 2008 2010 -Kotak Mahindra Bank has launched a credit card called Kotak Trump Card that offers 10% cash back on dining as well as movie and play spends. -Kotak Mahindra Bank (KMB) has introduced Stock Ace, a new product offering for individual customers which provides them the power of instant liquidity. -Company has splits its Face value of Shares from Rs 10 to Re 1 2011 -Kotak Bank opens 300th branch -Kotak Mahindra Bank launches interbank mobile payment service 2012 -Kotak Mahindra Bank has implemented the advanced core banking platform Finacle 10 universal solution across 355 bank branches in association with the IT bellwether Infosys. 2013 -Kotak Mahindra Bank acquires the business loans portfolio of Barclays India -Kotak Mahindra Bank launches Kotak Presidium with President Bill Clinton -Kotak Mahindra Bank bags Celent Model Bank Award for its Core Banking implementation -Kotak Mahindra Bank announces 'Onam Bonanza' for new NRI Customers -Kotak Mahindra Bank's mobile banking app among world's best in 2013 Mobile Excellence Awards -Kotak Mahindra Bank launches Kotak Multi Currency World Travel Card 2014 -Kotak Mahindra Bank launches Jifi - a first of its kind fully integrated social bank account -Kotak Mahindra Bank exclusively sets up 24 ATMs at Mumbai Metro One stations -Kotak Wealth launches 'Top of the Pyramid 2014' -Kotak Mahindra Bank Launches KayPay - World's First Bank Agnostic Instant Funds Transfer Platform Using Facebook -Kotak Mahindra Bank Becomes India's First BFSI Company To Win Prestigious Efma Awards -Kotak Mahindra Bank and ING Vysya Bank Announce Merger -Kotak Mahindra Bank Launches `Grand' - Savings Bank Account for 55 -The Registered Office of the Bank has been shifted from "36-38A Nariman Bhavan, 227, Nariman Point, Mumbai - 400 021" to 27BKC, C 27, G Block, Bandra Kurla Complex, Bandra (E), Mumbai - 400 051, Phone : 91 22 61660000, Fax : 91 22 67132403. 2015 -Kotak Mahindra Bank Ltd has informed BSE that Reserve Bank of India has approved the scheme of amalgamation of ING Vysya Bank Limited with Kotak Mahindra Bank Limited -Kotak Mahindra Bank launched Jifi Saver, a social savings bank account -Kotak Mahindra Bank and ING Bank Sign MoU for Cross Border Business -Kotak Mahindra Bank unveils offline mobile banking app -Kotak Mahindra Bank acquires 100 per cent subsidiary, Kotak Mahindra General Insurance Company Ltd -Kotak General Insurance gets IRDAI nod to commence biz -Kotak Mahindra Bank has given Bonus shares in the ratio of 1:1 2016 -Kotak Mahindra Bank arm buys 6.8 pct stake in Diamond Power Infrastructure Ltd -Kotak Mahindra Bank Launches International Banking Unit in GIFT City -Kotak Mahindra Bank gains over 3% on RBI nod to CPPIB proposal -ING sells 2.5% stake in Kotak Mahindra Bank for Rs 3,653 crores 2017 -Kotak Mahindra Bank launches Kotak Remit Aadhaar-based Instant Forex Remittance Solution. --Kotak Mahindra Bank launches Kotak 811 Savings Account. -Kotak Mahindra Bank Ltd.has acquired 13,26,75,452 equity shares of Rs. 10 each of Kodak Mahindra Old Mutual Life Insurance Ltd.for a consideration of Rs. 1,292.7 Crore payable in cash. -Kotak Mahindra Bank launches Smart Banking 24x7 e-Lobbies. -Kotak Mahindra Bank and Zeta launch Paymint a multi-wallet digital prepaid solution for salaried employees. 2018 -Kotak Mahindra Bank, is largest public sector lender to emerge the second-biggest bank by market capitalisation behind only HDFC Bank. 2020 - Kotak Mahindra Group (Kotak) has announced the launch of Kona Kona Umeed - a 2-month long festival of offers and discounts designed to ignite hope and optimism among its customers. -Kotak Mahindra Bank Launches Cardless Cash Withdrawal Facility Through ATMs -Kotak Launches Digi Home Loans 2021 -Kotak Mahindra Bank announces launch of Kotak Remit on mobile. -Kotak Mahindra Bank - Investment In Ferbine Private Limited. -Kotak Mahindra Bank Limited ('Bank') has acquired 1,30,80,000 Equity Shares (~46.7% of the issued and paid-up Equity Share Capital) of Kotak Mahindra Pension Fund Limited ('KMPFL') from Kotak Mahindra Asset Management Company Limited ('KMAMC'). -Kotak Mahindra Bank - Investment In Kredent Infoedge Private Limited ('KIPL') By Kotak Securities Limited. 2022 -Kotak Mahindra Bank Acquires DLL India's Agri and Healthcare Equipment Financing Portfolio'. -Kotak Mahindra Bank taps Gen-Next @ premier B-Schools to envision The Future of Banking. -Kotak Mahindra Bank Ties up with actyv.ai to Provide Dealer Finance. -Kotak Mahindra Bank Associates with AIILSG to Improve Education Quality and Infrastructure Development at Five schools in Ratnagiri Dist., Maharashtra. -Kotak Mahindra Bank Associates with IIT Madras to Launch "Kotak IITM Save Energy Mission. 2023 -Kotak Mahindra Bank partners with National E-Governance Services Limited to issue electronic Bank Guarante. -Kotak Launched Festival Bonanza WithOffers on Shopping, Fashion, Travel and more. -Kotak Mahindra Bank becomes India's first bank clearing member to clear commodity derivative trades of FPI. -Myntra and Kotak Mahindra Bank Join Forces to Launch India's Firstof-its-kind Digital Fashion Co-Branded Credit Card Offering Unmatched Benefits for Shoppers. -Kotak Mahindra Bank launched Kushalta Ka Nirman- a CSR project to skill development in Gujarat. 2024 -Kotak Mahindra Bank Seeks Digital Disruptors to Lead Next-Gen Financial Communication for Aspirational India. -Kotak Mahindra Bank Acquire Standard Chartered Bank, India's Personal Loan Book. -Kotak Mahindra Bank Announces New Distribution Structure to Enhance Customer Experience. -Kotak Mahindra Bank Associates with Manipal Academy of BFSI to Launch Kotak NextGen Bankers Programme - A Gateway to a Career in Banking. -Kotak Mahindra Bank Associates with IT for Change to Enhance Digital Pedagogical Skills of School Teachers in Karnataka.

1985 - The company was incorporated on 21st November 1985 under the name Kotak Capital Management Finance Ltd. The Company has been promoted by Mr Uday S Kotak, Mr S.A.A Pinto and Kotak & Company. The company obtained the certificate of commencement of business on 11th February 1986 and the Existing promoters were joined by Mr Harish Mahindra and Mr Anand Mahindra. The company's name was changed on 8th April 1986 to its present name Kotak Mahindra Finance Ltd. - The Company deals in Bill discounting, leasing and hire purchase, corporate finance, management of fixed deposit mobilisation, financing against securities, money market operations, consumer finance, investment banking and clients' money management. 1990 - 3,08,770 No. of equity shares subscribed for by the promoters, directors, 3,41,230 No. of equity shares allotted as rights as on 28.3.89. 19,50,000 shares issued as bonus (6,50,000 shares in prop. 1:1 as on 29.7.89 and 13,00,000 shares in prop. 1:1 as on 27.2.91). 1991 - An application was made to SEBI for approval for setting up a Mutual Fund trust and an asset management company. The newly set up Corporate Advisory Services Group received several mandates for advice on mergers and acquisitions and re-structuring. - The Company's newly established Foreign Exchange Risk Management Service carters to the vast potential demand for price risk management. The Company established itself as a major leasing and hire-purchase company and as a source of finance for purchasers of automobiles. 1992 - In January, the Company offered and allotted 15,50,000 - 14% secured partly convertible debentures of Rs 90 each for a total value of Rs 13.95 crores in the following manner: (i) 2,00,000 debentures to promoters, directors, etc. (ii) 77,500 debentures to employees (including working directors)/workers on preferential basis (iii) 12,72,500 debentures to Indian public through prospectus. - Additional 30,000 debentures to promoters, directors, etc., 9,500 debentures to employees and 1,93,000 debentures to Indian public were allotted to retain oversubscription. - As per the terms of debenture issue, a portion of Rs 45 of each debenture of Rs 90 was to be converted into 1 equity share of Rs 10 each at a premium of Rs 35 per share as on the date of allotment of the debentures. Accordingly 17,82,500 No. of equity shares allotted as on 25th February, 1992, being the date of allotment of the debentures. The non-convertible portion of Rs 45 of each debenture would be redeemed at par in three equal instalments of Rs 15, Rs 15 and Rs 15 at the end of the 7th, 8th and 9th year respectively from the date of allotment of the debentures. - In April, the Company has raised Rs. 18 crores by issue of Commercial Paper which has been awarded P1 rating by Credit Rating and Information Services of India limited (CRISIL) indicating highest standards of safety. 1993 - During February, the Company issued 69,82,500 Rights equity shares of Rs 10 each at a premium of Rs 15 per share in proportion 1:1 (all were taken-up). Additional 13,950 shares were allotted to those who had applied for additional shares. - The Company issued through a Prospectus 44,00,000 No. of equity shares of Rs 10 each for cash at a premium of Rs 140 per share of which the following were reserved for allotment (i) 1,30,000 shares to promoters, directors, their relatives etc., (ii) 25,000 shares to Foreign/Indian Financial Institutions (all were taken up). Of the remaining 50,000 shares reserved for allotment on a preferential basis to employees (only 34,600 shares taken up). Another 5,55,000 shares to NRIs were reserved on non-repatriation basis (all were taken up). - Balance 36,40,000 shares, along with 15,400 shares not taken up by employees', were offered for public subscription. - At the 8th Annual General Meeting held on 28th September the Company has reserved 61,22,000 No. of equity shares of Rs 10 each for cash to be allotted at such issue price as may be decided by the board to Foreign Institutional Investors and/or, Foreign and/or Indian Pension and/or Mutual and/or other Funds and/or Institutions, Banks, Companies, Bodies and/or individuals and/or Groups of Individuals. - The Company's newly set up Corporate Advisory Services Group received several mandates for advice on mergers and acquisitions and re-structuring and some have already been executed with success. 1994 - The Company entered into a Memorandum of Understanding with KB Currency Advisors Inc. USA to market their Foreign Exchange Fund Management programme. - 183,65,500 Rights equity shares issued in prop. 1:1. 11,800 No. of equity shares forfeited. - The Company has received the approval of Securities and Exchange Board of India (SEBI) for setting up a Mutual Fund. 1995 - The Company issued 4,00,000 - 17% Secured Redeemable Non-convertible Debenture of Rs 2500 each including 96000 - 16% NCDs reserved for NRIs/URB (only 9510 taken-up). Unsubscribed portion of 90 debentures issued to the public. These are redeemable at par on 7.3.2001 with an option for early redemption up to a maximum of 5% of the issue amount every year. - The Company entered into a joint venture agreement with Ford Credit International Inc. (FCI), a subsidiary of Ford Motor Credit Co., USA. It was proposed to finance all non Ford Passenger cars. - Kotak Mahindra Capital company became a subsidiary of the Company. 1996 - The Company's operations were affected by the liquidity crunch, scarcity of resources, sluggishness in the capital markets and the overall deceleration of economic growth. - The Company has entered into a MOU with the Chubb Corporation, New Jersey, U.S.A., one of the largest American Insurance firms, to develop a Joint Venture dedicated to the conduct of casuallity and property insurance business in India. - The Company has invested a sum of about Rs 200 lakhs in Matrix Information Services private Ltd. (Matrix), a company formed for providing comprehensive value added information to business and general users. Matrix is a wholly owned subsidiary of the company. - The Company has divested its entire holding of 20,00,070 No. of equity shares of Rs 10 each of Kotak Mahindra Securities Ltd. (KMSL) and 20,00,000 ordinary shares of US $ 1 each of Kotak Mahindra International Ltd. - Hamko Financial Services Ltd., Kotak Mahindra Securities Ltd., provides of broking services to institutional and corporate clients, Kotak, Mahindra Asset Management Company, Kotak Mahindra International Ltd., an offshore company and Kotak Mahindra (UK) Ltd., are all subsidiaries of the Company. - The Company's public issue of 400000 16-17% Secured Redeemable Non-Convertible Debentures of Rs.2500 each for cash at par aggregating Rs.100 crores in January. 1997 - In recognition of the Company's prudent funds management, CRISIL has assigned a rating of AA to the Company's public issue of Non-Convertible Debentures and P1 for all short term borrowings upto Rs.35000 lakhs. - Kotak Mahindra Finance Ltd, has decided to venture into health insurance business. - Kotak Mahindra Finance has launched a new consumer finance product called Kotak Mahindra K-Value. - Hamko is a 100 per cent subsidiary of KMFL and investment in it was structured to avoid limitations of Section 372 under the Companies Act. - The company has diversified into various activities for which it has set up subsidiaries including broking, capital market activities, auto finance, etc. 1998 - Kotak Mahindra Asset Management Company Limited (KMAMCL) launched its mutual fund schemes in December. - The Company it would launch its mutual fund with two schemes -- KGilt Unit Scheme and K30 Unit Scheme. - Kotak Mahindra Finance, is a joint venture with Goldman Sachs. 1999 - The `FAA' (pronounced `F double A') rating assigned to the fixed deposit programme of Ford Credit Kotak Mahindra (FCKM) has been reaffirmed. - With the allotment to the Company of 50,000 equity shares of Rs. 10 each by Kotak Mahindra Trustee Company Limited (KMTCL) on 12th May. 2000 - Kotak Mahindra Finance Ltd (KMFL) and Chubb Corporation of the US have decided to call off their joint venture for entering the general insurance business in India. - The Company has decided to set up a venture capital fund with an initial corpus of Rs. 100 crore. - KMFL has set up a new asset reconstruction division to offer recovery management services to players in the financial services industry. - The Company Issue of 91,82,500 No. of Equity Shares of Rs. 10/- each for cash at a premium of Rs. 90/- per share aggregating Rs. 91,82,50,000 to the Equity Shareholders of the Company on Rights basis in the ratio of one equity share for every our equity shares held on 15th February. - Mr. K.K. Sheth has resigned effective from May 8. - Kotak Securities an affiliate of Kotak Mahindra Finance Ltd., has launched electronic broking services for retail investors. - Kotak Mahindra Finance is in talks with foreign insurers for a joint venture in the life insurance business. - The Company has proposed to start-up capital of Rs 150 crore in its life insurance joint venture with Old Mutual, the UK based financial services group. - The Company proposes to make the necessary applications to the RBI and the Insurance Regulatory and Development Authority for entering the life insurance business. - OM Kotak Mahindra Life Insurance Company, the recently formed joint venture company of Kotak Mahindra Financeand Old Mutual Plc has filed ts application for approva of life insurance licence on 1st September. - Kotak Mahindra Finance Ltd has been assigned Ind AAA rating (indicating highest credit quality) for its Rs.510 million medium term borrowing programme. - Fitch India has assigned a rating of Ind AAA to the Rs 51-crore medium term borrowing program of Kotak Mahindra Finnance Ltd for high credit quality and negligible risk factor. 2001 - The Company recommended a swap ratio of 25 shares of KMFL for every share of Pannier Tradings which has a 75 per cent equity stake in Kotak Securities. - The Bharath Petroleum Corporation Ltd (BPCL) has decided to part ways with Kotak Mahindra, one of the leading domestic financial services company, in its convenient store venture In & Out. 2002 -KMFL's business has seen a fast growth with the total disbursement of commercial vehicle loan of the company in the last fiscal was tuned to Rs. 250cr. -RBI has given in-principle approval to Kotak Mahindra Finance Ltd to convert itself into a bank, thereby becoming the first ever non-banking finance company converted into a bank. -Mr Uday Kotak says, there won't be any frsh capital infusion in the bank in the near future. -KMFL informed BSE the FITCH ratings assigned: Fixed Deposit Programme - Ind AAA Non-Convertible Debenture - Ind AAA -Mr.Ajay Sondhi has been appointed as the Additional Director of Kotak Mahindra Finance Ltd. -Kotal Mahindra Finance Company has shortlisted i-flex solutions 'Flexicube' and 'Infosys', 'Finnacle' for its core banking solutions. -KMFL has raised 76.22cr by selling securitised commercial vehicle loans to investors. -CRISIL has assigned 'AAA(SO)' rating for Rs.83cr securitisation Programme of Kotak Mahindra Finance Ltd. -Mr.Uday Kotak has been appointed as the Executive Vice Chairman and Managing Director of the company. -Kotak Mahindra Finance Ltd has mobilised Rs.104.89cr , asset-backed securitisation of commercial vehicle receivables. -Business Standard and Business Standard digital have ceased to be the subsidiaries of Kotak Mahindra Finance Ltd. -Mr.C Jayaram and Mr. Dipak Gupta are appointed as whole time Directors on the Board of Kotak Mahindra Finance Ltd. 2003 -Madison Communications has won the Rs.30cr Kotak Mahindra's media AOR account. -The proposal of changing the name from 'Kotak Mahindra Finance Ltd' to 'Kotak Mahindra Bank Ltd' and the proposal to change the Authorised capital from 100,00,00,000 divided into 10,00,00,000 equity shares of Rs.10 each has been approved by the company shareholders. -RBI has granted licence to Kotak Mahindra Finance Ltd to embark on its banking business. -O & M has got the creative account of Kotak Mahindra Bank, and has said to be working professionally. -Kotak Mahindra Bank has received a lot of interest from portfolio investors, private equity investors and potential strategic investors. -Kotak Mahindra Bank has entered into an ATM sharing agreement with UTI Bank, which would allow KMB's customer free access to around 800 ATM's. -Kotak Mahindra Bank has started its operations in New Delhi by inaugurating a branch Cannaught place office. -Dr.Shankar Acharya has been appointed as the Additional Director to the board of the bank. -The Board of Kotak Mahindra Bank Ltd accepts the resignation of Mr.S.A.A Pinto and Mr.M.R Punja as the Directors of the Bank. -Kotak Mahindra Investment Co Ltd. PCC a subsidiary of Kotak Mahindra Capital Company has constituted itself from a private company to a public limited co. and has changed its name to 'Global Investment Opportunities Fund Ltd'. -Kotak Mahindra bank has unveiled several home finance products options which includes Home loan, Home equity Loan, Home loan transfer and Home improvement loans. --Kotak Mahindra Bank launches online remittance services called, FUNDStoHOME for Non-resident Indians. -In reponse to the repo rate cut by theRBI, the Kotak Mahindra Bank has reduced its lending rates in home loans. -Kotak Mahindra Bank Limited has informed that the equity shares of the Bank have been delisted from the Delhi Stock Exchange Association Ltd w.e.f December 10, 2003. 2004 -Kotak Mahindra Bank Limited has informed that the Bank's equity shares will be delisted from The Stock Exchange, Ahmedabad with effect from January 20, 2004. -Kotak Mahindra Bank sets up branch in Surat -Kotak Mahindra Mutual Fund has launched Kotak Opportunities, an open-ended equity growth scheme -Kotak Mahindra Bank inks pact with Reuters 2005 -Kotak Mahindra Bank purchases stressed assets worth Rs 1,000 cr -Kotak Bank join hands with IndianNGOs.com -Kotak Mahindra Bank invests Rs 25 cr in BFW -Kotak Mahindra Bank has given the Bonus in the Ratio of 3:2 2006 -Kotak Mahindra joins hand HDFC Bank to share ATMs. -Kotak Mahindra to buy out Goldman Sachs' stake in JVs -Kotak Mahindra Bank sets up branch in Valsad -Kotak Mahindra subsidiary acquires Ford Credit's auto portfolio 2007 -Kotak Mahindra Bank Launches Home Banking, Improves Banking Experience -Kotak Mahindra Bank Launches Salary 2 Wealth -Kotak Mahindra Bank Launches Kotak Gold Debit Card -Kotak Mahindra Bank Ties up with Taxshax.com, Simplifies Filing of IT Returns 2008 - Kotak Mahindra Bank launched credit cards for its customers. 2009 -Kotak entered into tie up with Russia's top investment bank -Kotak Mahindra Bank Wins IT Team of the Year for 3rd Consecutive Time at the Banking Technology Awards 2008 2010 -Kotak Mahindra Bank has launched a credit card called Kotak Trump Card that offers 10% cash back on dining as well as movie and play spends. -Kotak Mahindra Bank (KMB) has introduced Stock Ace, a new product offering for individual customers which provides them the power of instant liquidity. -Company has splits its Face value of Shares from Rs 10 to Re 1 2011 -Kotak Bank opens 300th branch -Kotak Mahindra Bank launches interbank mobile payment service 2012 -Kotak Mahindra Bank has implemented the advanced core banking platform Finacle 10 universal solution across 355 bank branches in association with the IT bellwether Infosys. 2013 -Kotak Mahindra Bank acquires the business loans portfolio of Barclays India -Kotak Mahindra Bank launches Kotak Presidium with President Bill Clinton -Kotak Mahindra Bank bags Celent Model Bank Award for its Core Banking implementation -Kotak Mahindra Bank announces 'Onam Bonanza' for new NRI Customers -Kotak Mahindra Bank's mobile banking app among world's best in 2013 Mobile Excellence Awards -Kotak Mahindra Bank launches Kotak Multi Currency World Travel Card 2014 -Kotak Mahindra Bank launches Jifi - a first of its kind fully integrated social bank account -Kotak Mahindra Bank exclusively sets up 24 ATMs at Mumbai Metro One stations -Kotak Wealth launches 'Top of the Pyramid 2014' -Kotak Mahindra Bank Launches KayPay - World's First Bank Agnostic Instant Funds Transfer Platform Using Facebook -Kotak Mahindra Bank Becomes India's First BFSI Company To Win Prestigious Efma Awards -Kotak Mahindra Bank and ING Vysya Bank Announce Merger -Kotak Mahindra Bank Launches `Grand' - Savings Bank Account for 55 -The Registered Office of the Bank has been shifted from "36-38A Nariman Bhavan, 227, Nariman Point, Mumbai - 400 021" to 27BKC, C 27, G Block, Bandra Kurla Complex, Bandra (E), Mumbai - 400 051, Phone : 91 22 61660000, Fax : 91 22 67132403. 2015 -Kotak Mahindra Bank Ltd has informed BSE that Reserve Bank of India has approved the scheme of amalgamation of ING Vysya Bank Limited with Kotak Mahindra Bank Limited -Kotak Mahindra Bank launched Jifi Saver, a social savings bank account -Kotak Mahindra Bank and ING Bank Sign MoU for Cross Border Business -Kotak Mahindra Bank unveils offline mobile banking app -Kotak Mahindra Bank acquires 100 per cent subsidiary, Kotak Mahindra General Insurance Company Ltd -Kotak General Insurance gets IRDAI nod to commence biz -Kotak Mahindra Bank has given Bonus shares in the ratio of 1:1 2016 -Kotak Mahindra Bank arm buys 6.8 pct stake in Diamond Power Infrastructure Ltd -Kotak Mahindra Bank Launches International Banking Unit in GIFT City -Kotak Mahindra Bank gains over 3% on RBI nod to CPPIB proposal -ING sells 2.5% stake in Kotak Mahindra Bank for Rs 3,653 crores 2017 -Kotak Mahindra Bank launches Kotak Remit Aadhaar-based Instant Forex Remittance Solution. --Kotak Mahindra Bank launches Kotak 811 Savings Account. -Kotak Mahindra Bank Ltd.has acquired 13,26,75,452 equity shares of Rs. 10 each of Kodak Mahindra Old Mutual Life Insurance Ltd.for a consideration of Rs. 1,292.7 Crore payable in cash. -Kotak Mahindra Bank launches Smart Banking 24x7 e-Lobbies. -Kotak Mahindra Bank and Zeta launch Paymint a multi-wallet digital prepaid solution for salaried employees. 2018 -Kotak Mahindra Bank, is largest public sector lender to emerge the second-biggest bank by market capitalisation behind only HDFC Bank. 2020 - Kotak Mahindra Group (Kotak) has announced the launch of Kona Kona Umeed - a 2-month long festival of offers and discounts designed to ignite hope and optimism among its customers. -Kotak Mahindra Bank Launches Cardless Cash Withdrawal Facility Through ATMs -Kotak Launches Digi Home Loans 2021 -Kotak Mahindra Bank announces launch of Kotak Remit on mobile. -Kotak Mahindra Bank - Investment In Ferbine Private Limited. -Kotak Mahindra Bank Limited ('Bank') has acquired 1,30,80,000 Equity Shares (~46.7% of the issued and paid-up Equity Share Capital) of Kotak Mahindra Pension Fund Limited ('KMPFL') from Kotak Mahindra Asset Management Company Limited ('KMAMC'). -Kotak Mahindra Bank - Investment In Kredent Infoedge Private Limited ('KIPL') By Kotak Securities Limited. 2022 -Kotak Mahindra Bank Acquires DLL India's Agri and Healthcare Equipment Financing Portfolio'. -Kotak Mahindra Bank taps Gen-Next @ premier B-Schools to envision The Future of Banking. -Kotak Mahindra Bank Ties up with actyv.ai to Provide Dealer Finance. -Kotak Mahindra Bank Associates with AIILSG to Improve Education Quality and Infrastructure Development at Five schools in Ratnagiri Dist., Maharashtra. -Kotak Mahindra Bank Associates with IIT Madras to Launch "Kotak IITM Save Energy Mission. 2023 -Kotak Mahindra Bank partners with National E-Governance Services Limited to issue electronic Bank Guarante. -Kotak Launched Festival Bonanza WithOffers on Shopping, Fashion, Travel and more. -Kotak Mahindra Bank becomes India's first bank clearing member to clear commodity derivative trades of FPI. -Myntra and Kotak Mahindra Bank Join Forces to Launch India's Firstof-its-kind Digital Fashion Co-Branded Credit Card Offering Unmatched Benefits for Shoppers. -Kotak Mahindra Bank launched Kushalta Ka Nirman- a CSR project to skill development in Gujarat. 2024 -Kotak Mahindra Bank Seeks Digital Disruptors to Lead Next-Gen Financial Communication for Aspirational India. -Kotak Mahindra Bank Acquire Standard Chartered Bank, India's Personal Loan Book. -Kotak Mahindra Bank Announces New Distribution Structure to Enhance Customer Experience. -Kotak Mahindra Bank Associates with Manipal Academy of BFSI to Launch Kotak NextGen Bankers Programme - A Gateway to a Career in Banking. -Kotak Mahindra Bank Associates with IT for Change to Enhance Digital Pedagogical Skills of School Teachers in Karnataka.

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Parent Organisation

Kotak Mahindra Bank Ltd.

Founded

21/11/1985

Managing Director

Mr.Ashok Vaswani

NSE Symbol

KOTAKBANKEQ

FAQ

The current price of Kotak Mahindra Bank Ltd is ₹ 2074.00.

The 52-week high for Kotak Mahindra Bank Ltd is ₹ 2091.40 and the 52-week low is ₹ 2065.00.

The market capitalization of Kotak Mahindra Bank Ltd is currently ₹ 412363.10. This value can fluctuate based on stock price movements and changes in the number of shares outstanding.

To buy Kotak Mahindra Bank Ltd shares, you need to have a brokerage account. First, choose a reputable brokerage firm, open an account, and complete the necessary KYC procedures.

To invest in Kotak Mahindra Bank Ltd, you need a brokerage account. After opening an account and completing the KYC process, you can fund your account and use the trading platform to purchase Kotak Mahindra Bank Ltd shares.

The CEO of Kotak Mahindra Bank Ltd is Mr.Ashok Vaswani, who has been leading the company with a vision to expand its renewable energy portfolio and drive sustainable growth.

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