Company Profile

Kotak Mahindra Bank has logged rise in net advances to approximately Rs 219,500 crore as of March 31, 2020, a growth of around 6.7% as compared to Rs 205,695 crore as of March 31, 2019. The Bank’s total customer deposits also increased to approximately Rs 258,500 crore in March 31, 2020, a growth of around 19.6% as compared to Rs 216,150 crore as of March 31, 2019. The Bank’s CASA ratio stood at around 56.2% as of March 31, 2020, against 52.5% as of March 31, 2019 and 53.7% as of December 31, 2019.

Kotak Mahindra Bank offers a wide range of banking products and financial services for corporate and retail customers through a variety of delivery channels and specialized subsidiaries in the areas of personal finance, investment banking, life insurance, and wealth management.

Kotak Mahindra Bank has sold 8.50% of its stake and Kotak Mahindra Prime (a wholly owned subsidiary of the Bank) has sold 11.50% of its stake in ECA Trading Services (ECA) (Formerly known as Ace Derivatives & Commodity Exchange). The Bank has received cash consideration of Rs 1.67 crore, while Kotak Mahindra Prime has received cash consideration of Rs 2.27 crore.

Divestment of equity stake of 8.50% held by Kotak Mahindra Bank and 11.50% held by Kotak Mahindra Prime to comply with the RBI Regulations on investment in a non-financial services entity since ECA has ceased to be a commodity exchange.

Kotak Mahindra Bank offers a wide range of banking products and financial services for corporate and retail customers through a variety of delivery channels and specialized subsidiaries in the areas of personal finance, investment banking, life insurance, and wealth management.

Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Kotak Mahindra Bank has informed that the Bank has sold 8.50% of its stake and Kotak Mahindra Prime (a wholly owned subsidiary of the Bank) has sold 11.50% of its stake in ECA Trading Services Limited (ECA) (Formerly known as Ace Derivatives & Commodity Exchange).

The above information is a part of company’s filings submitted to BSE.

Kotak Mahindra Bank is currently trading at Rs. 1250.10, up by 77.10 points or 6.57% from its previous closing of Rs. 1173.00 on the BSE.

The scrip opened at Rs. 1099.70 and has touched a high and low of Rs. 1224.00 and Rs. 1000.35 respectively. So far 296578 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 1739.95 on 19-Feb-2020 and a 52 week low of Rs. 1,000.35 on 19-Mar-2020.

Last one week high and low of the scrip stood at Rs. 1504.05 and Rs. 1000.35 respectively. The current market cap of the company is Rs. 226053.46 crore.

The promoters holding in the company stood at 29.96%, while Institutions and Non-Institutions held 52.13% and 17.92% respectively.

Kotak Mahindra Bank has sold 8.50% of its stake and Kotak Mahindra Prime (a wholly owned subsidiary of the Bank) has sold 11.50% of its stake in ECA Trading Services (ECA) (Formerly known as Ace Derivatives & Commodity Exchange). The Bank has received cash consideration of Rs 1.67 crore, while Kotak Mahindra Prime has received cash consideration of Rs 2.27 crore.

Divestment of equity stake of 8.50% held by Kotak Mahindra Bank and 11.50% held by Kotak Mahindra Prime to comply with the RBI Regulations on investment in a non-financial services entity since ECA has ceased to be a commodity exchange.

Kotak Mahindra Bank offers a wide range of banking products and financial services for corporate and retail customers through a variety of delivery channels and specialized subsidiaries in the areas of personal finance, investment banking, life insurance, and wealth management.

Kotak Mahindra Bank has reviewed its marginal cost of funds-based lending rate (MCLR) across tenors with effective from March 16, 2020. The one-year MCLR has been fixed at 8.25%.

The bank has reviewed overnight, one-month, three-month and six-month MCLRs at 7.90%, 8.00%, 8.00% and 8.20%, respectively. Also, two-year and three-year MCLRs has been reviewed at 8.40% and 8.45%, respectively.

Kotak Mahindra Bank offers a wide range of banking products and financial services for corporate and retail customers through a variety of delivery channels and specialized subsidiaries in the areas of personal finance, investment banking, life insurance, and wealth management.