Kotak Mahindra Bank gains on installing 24 ATMs across 12 stations of Mumbai Metro

Kotak Mahindra Bank Ltd. | Bank - Private | BFSI | BSE: 500247 | NSE: KOTAKBANK

11 Jun 2014 Evaluate

Kotak Mahindra Bank is currently trading at Rs. 923.00, up by 25.70 points or 2.86 % from its previous closing of Rs. 897.30 on the BSE.

The scrip opened at Rs. 902.00 and has touched a high and low of Rs. 931.10 and Rs. 902.00 respectively. So far 94028 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 950.00 on 16-May-2014 and a 52 week low of Rs. 588.00 on 28-Aug-2013.

Last one week high and low of the scrip stood at Rs. 916.75 and Rs. 853.95 respectively. The current market cap of the company is Rs. 71080.23 crore.

The promoters holding in the company stood at 43.58 % while Institutions and Non-Institutions held 33.53 % and 22.73 % respectively.Kotak Mahindra Bank, the private sector lender, has installed a total of 24 ATMs across 12 stations of Mumbai Metro. The Metro services on the 11.4 km-long Versova-Andheri-Ghatkopar section started on June 8. The bank has installed 2 ATMs at every station. Pursuant to this, the total number of the bank’s ATMs now stands at 1,116.

The bank is eyeing to add 134 more ATMs in order to take the tally to 1,250 by the end of this financial year. Besides, the bank is also looking at increasing the number of cash depositing machines from the current 7 to 15 across its various branches in the country by March end.

Further, the bank has opened 70 branches in the fourth quarter of FY14 taking the total branch network to 605 as of end of March 2014. It also plans to expand the branch network to 715 by the end of FY15 and 1,000 by end 2016.

Today, the Kotak Mahindra Bank is one of the fastest growing bank and among the most admired financial institutions in India.

Kotak Mahindra Bank Share Price

396.70 -2.90 (-0.73%)

03-Jul-2026 16:59 View Price Chart

Peers

Company Name	CMP
HDFC Bank	801.00
ICICI Bank	1410.30
Axis Bank	1342.50
Kotak Mahindra Bank	396.70
Indusind Bank	975.65
View more..

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