Edition:
India

Kotak Mahindra Bank Ltd (KTKM.BO)

KTKM.BO on Bombay Stock Exchange

1,499.50INR
16 Aug 2019
Change (% chg)

Rs7.60 (+0.51%)
Prev Close
Rs1,491.90
Open
Rs1,486.55
Day's High
Rs1,506.45
Day's Low
Rs1,478.50
Volume
78,861
Avg. Vol
138,942
52-wk High
Rs1,555.45
52-wk Low
Rs1,002.30

Latest Key Developments (Source: Significant Developments)

Kotak Mahindra Bank Exec Says Corporate Loan Book Had Slow Growth In June Qtr
Monday, 22 Jul 2019 

July 22 (Reuters) - Kotak Mahindra Bank, Jaimin Bhatt President & Group CFO, Dipak Gupta Joint Managing Director: :KOTAK MAHINDRA BANK EXEC SAYS CORPORATE LOAN BOOK HAD A SLOW GROWTH IN JUNE QUARTER.KOTAK MAHINDRA BANK EXEC SAYS AUTO LOANS HAD A NEGATIVE GROWTH Y-O-Y AND Q-O-Q.KOTAK MAHINDRA BANK EXEC SAYS EXEC SAYS EXPECT LOAN GROWTH TO BE 20% FOR THIS FINANCIAL YEAR.KOTAK MAHINDRA BANK EXEC SAYS BEEN CAUTIOUS OF SLOWDOWN FOR 6-9 MONTHS AND WILL CONTINUE TO REMAIN CAUTIOUS.KOTAK MAHINDRA BANK EXEC SAYS SME CONTINUES TO BE A PAIN POINT.KOTAK MAHINDRA BANK EXEC SAYS THERE IS STRESS IN UNSECURED LOAN BOOK, BUT NOT AT ALARMING LEVELS.KOTAK MAHINDRA BANK EXEC SAYS CREDIT COST TO REMAIN IN THE RANGE OF 50-60 BPS.  Full Article

Kotak Mutual Fund Launches Kotak Focused Equity Fund
Tuesday, 25 Jun 2019 

June 25 (Reuters) - Kotak Mutual Fund: :KOTAK MUTUAL FUND LAUNCHES KOTAK FOCUSED EQUITY FUND.KOTAK MUTUAL FUND - OPEN-ENDED SCHEME WILL INVEST IN A FOCUSED PORTFOLIO OF UP TO 30 STOCKS ACROSS LARGE-CAP, MID-CAP AND SMALL-CAP CATEGORIES.  Full Article

India's Kotak Mahindra Bank March-Qtr Profit Rises
Tuesday, 30 Apr 2019 

April 30 (Reuters) - Kotak Mahindra Bank Ltd ::MARCH QUARTER NET PROFIT 14.08 BILLION RUPEES VERSUS NET PROFIT OF 11.24 BILLION RUPEES YEAR AGO.CONSENSUS FORECAST FOR MARCH QUARTER NET PROFIT WAS 13.59 BILLION RUPEES.MARCH QUARTER INTEREST EARNED 64.02 BILLION RUPEES VERSUS 53.23 BILLION RUPEES YEAR AGO.MARCH QUARTER PROVISIONS AND CONTINGENCIES 1.71 BILLION RUPEES VERSUS 3.07 BILLION RUPEES YEAR AGO.MARCH QUARTER GROSS NPA 2.14 PERCENT VERSUS 2.07 PERCENT PREVIOUS QUARTER.MARCH QUARTER NET NPA 0.75 PERCENT VERSUS 0.71 PERCENT PREVIOUS QUARTER.RECOMMENDED DIVIDEND OF 0.8 RUPEES PER SHARE.MARCH QUARTER NIM 4.48 PERCENT.  Full Article

India's Kotak Mahindra Bank Dec-Qtr Profit Up 22.6 Pct
Monday, 21 Jan 2019 

Jan 21 (Reuters) - Kotak Mahindra Bank Ltd ::DEC QUARTER NET PROFIT 12.91 BILLION RUPEES VERSUS NET PROFIT OF 10.53 BILLION RUPEES YEAR AGO.CONSENSUS FORECAST FOR DEC QUARTER NET PROFIT WAS 12.71 BILLION RUPEES.DEC QUARTER INTEREST EARNED 62.50 BILLION RUPEES VERSUS 50.09 BILLION RUPEES YEAR AGO.DEC QUARTER GROSS NPA 2.07 PERCENT VERSUS 2.15 PERCENT PREVIOUS QUARTER.DEC QUARTER NET NPA 0.71 PERCENT VERSUS 0.81 PERCENT PREVIOUS QUARTER.DEC QUARTER WRITE-BACK OF PROVISIONS 323 MILLION RUPEES VERSUS PROVISION OF 2.13 BILLION RUPEES YEAR AGO.SAYS NET INTEREST MARGIN FOR Q3FY19 AT 4.33 PERCENT.  Full Article

Kotak Mahindra Bank Files Writ Petition With Bombay High Court To Validate Bank's Position On PNCPS
Monday, 10 Dec 2018 

Dec 10 (Reuters) - Kotak Mahindra Bank Ltd ::FILED WRIT PETITION WITH BOMBAY HIGH COURT TO VALIDATE BANK'S POSITION IN RELATION TO PNCPS.  Full Article

Kotak Mahindra Bank Says Unaware Of Any Plans By Berkshire Hathaway On Buying Stake
Friday, 7 Dec 2018 

Dec 7 (Reuters) - Kotak Mahindra Bank Ltd::KOTAK MAHINDRA BANK LIMITED IS UNAWARE OF ANY PLANS BY BERKSHIRE HATHAWAY BUYING STAKE.  Full Article

Berkshire Hathaway May Look To Invest $4-$6 Bln In Kotak Mahindra Bank - CNBC-TV 18 Citing Sources
Friday, 7 Dec 2018 

Dec 7 (Reuters) - :BERKSHIRE HATHAWAY MAY LOOK TO INVEST $4 BILLION-$6 BILLION IN KOTAK MAHINDRA BANK - CNBC-TV 18 CITING SOURCES.BERKSHIRE HATHAWAY MAY LOOK AT BUYING PROMOTER STAKE OR VIA PREFERENTIAL ALLOTMENT TO INVEST IN KOTAK MAHINDRA BANK - CNBC-TV 18 CITING SOURCES.  Full Article

Kotak Mahindra Bank Sept qtr profit up about 22 pct
Wednesday, 25 Oct 2017 

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

TABLE-India Certificates of Deposit deals on F-TRAC-Aug 2

Aug 2 Following are the details of deals in Indian Certificates of Deposit reported on Clearcorp F-TRAC Platform. ISIN DESCRIPTION MATURITY WTG AVG WTG AVG NO OF TRADED LAST TRADED DATE PRICE YLD% TRADES VALUE* PRICE YIELD ============ ============ ======== ======= ======= ====== ===== =============== INE028A16BL6 BK OF BARODA 6-Aug-19 99.9376 5.6976 2 240 99.9