Company Profile

Kotak Mahindra Bank is currently trading at Rs. 1492.00, down by 20.35 points or 1.35% from its previous closing of Rs. 1512.35 on the BSE.

The scrip opened at Rs. 1508.50 and has touched a high and low of Rs. 1511.00 and Rs. 1487.55 respectively. So far 68095 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 1555.45 on 23-May-2019 and a 52 week low of Rs. 1002.30 on 01-Oct-2018.

Last one week high and low of the scrip stood at Rs. 1539.50 and Rs. 1487.55 respectively. The current market cap of the company is Rs. 285119.20 crore.

The promoters holding in the company stood at 29.99%, while Institutions and Non-Institutions held 51.78% and 18.23% respectively.

The Reserve Bank of India (RBI) has imposed a monetary penalty of Rs 2 crore on Kotak Mahindra Bank for non-compliance of directions. The directions issued to Kotak Mahindra Bank by RBI in the exercise of its powers were under sections 27(2) and 35A of the Banking Regulation Act, 1949 (the Act) to furnish information specified therein.

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.

The Reserve Bank of India (RBI) has imposed a monetary penalty of Rs 2 crore on Kotak Mahindra Bank for non-compliance of directions. The directions issued to Kotak Mahindra Bank by RBI in the exercise of its powers were under sections 27(2) and 35A of the Banking Regulation Act, 1949 (the Act) to furnish information specified therein.

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.

Cochin Shipyard has signed a contract for construction and supply of eight Anti-Submarine Warfare Shallow Water Crafts (ASWSWCs) for Indian Navy. CSL was the successful bidder (L1) in the tender floated by the Ministry of Defence for this project.

Embassy Office Parks has opened the four Seasons Hotel at its Embassy One complex in Bengaluru. The 230 key hotel is India's second Four Seasons hotel and is a core component of the Embassy One commercial complex that is situated on the main arterial road between Bengaluru's Central Business District (CBD) and its international airport. In addition to the hotel, Embassy One comprises a smallformat office building totalling 250,000 square feet, as well as ancillary retail amenities.

Paul Merchant has received approval for the submission of Expression of Interest for submitting resolution plan for PUMA Realtors (PRPL) to acquire 51% equity shareholding in the company, which is under Corporate Insolvency Resolution process.

Subex has won multi-year deal from Econet Wireless Zimbabwe (EWZ), a leading telecom operator in Zimbabwe for the deployment of its Analytics Centre of Trust (ACT) offering. Through the deployment, Econet will be able to transform into an independent data driven organization, thereby improving operational efficiency.

NTPC has decided to raise Rs 3,056.50 crore on May 3, 2019 through private placement of secured non-convertible bonds in the nature of debentures at a coupon of 7.93% p.a. with a door to door maturity of 3 years. The proceeds will be utilized inter alia, used to part meet the capex requirement, refinancing of existing loans, working capital and other general corporate requirements. The bonds are proposed to be listed on both NSE & BSE. Security for these bonds will be duly created as per the requirements of and within the period of time prescribed under, the Companies Act and rules specified therein.

Mercator has sold its very large crude carrier – Nerissa (VLCC), built 2006, for a total consideration of  $27.5 million (Net) and the proceeds of which is being used to reduce the debt and other liabilities. The buyer does not belong to Promoter/ Promoter Group Companies.

Kotak Mahindra Bank has reported a rise of 25.24% in its net profit at Rs 1,407.80 crore for the quarter ended March 31, 2019 as compared to Rs 1,124.05 crore for the same quarter in the previous year. Total income of the bank increased by 18.50% at Rs 7,672.56 crore for quarter under review as compared to Rs 6,475.00 crore for the quarter ended March 31, 2018.

Kotak Mahindra Bank has reported results for the fourth quarter and year ended March 31, 2019. 

The bank has reported a rise of 25.24% in its net profit at Rs 1,407.80 crore for the quarter ended March 31, 2019 as compared to Rs 1,124.05 crore for the same quarter in the previous year. Total income of the bank increased by 18.50% at Rs 7,672.56 crore for quarter under review as compared to Rs 6,475.00 crore for the quarter ended March 31, 2018.

On consolidated basis, the bank has reported rise of 13.92% in its net profit at Rs 2,038.27 crore for the quarter ended March 31, 2019 as compared to Rs 1,789.24 crore for the corresponding quarter in the FY18. Total consolidated income of the bank rose 27.12% at Rs 13,823.33 crore for quarter under review as compared to Rs 10,874.12 crore for the same quarter ended previous year.

For the year ended March 31, 2019, the bank has posted a rise of 19.12% in its net profit at Rs 4,865.33 crore as compared to Rs 4,084.30 crore for the previous year. Total income of bank increased 19.94% at Rs 28,547.24 crore for year under review as compared to Rs 23,800.70 crore for year ended March 31, 2018.

For the year ended March 31, 2019, on the consolidated basis, the bank has posted rise of 16.18% in its net profit at Rs 7,204.13 crore as compared to Rs 6,200.97 crore for the previous year. Total income of bank increased by 18.54% at Rs 45,903.36 crore for year under review as compared to Rs 38,723.67 crore for year ended March 31, 2018.

Kotak Mahindra Bank’s wholly owned subsidiary -- Kotak Mahindra Investments (KMIL) has executed a Share Purchase Agreement, for sale of its entire equity stake of 19.77% in Matrix Business Services India, an associate company. Upon completion of said sale, Matrix will cease to be an associate company of KMIL and consequently of the Bank.

Matrix is in the business of providing assurance services, claims processing, including employee background verifications checks and product and process audits.

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.