Kotak Mahindra Bank is currently trading at Rs. 1160.10, up by 0.20 points or 0.02% from its previous closing of Rs. 1159.90 on the BSE.
The scrip opened at Rs. 1155.20 and has touched a high and low of Rs. 1171.85 and Rs. 1153.10 respectively. So far 31843 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 1260.90 on 21-Nov-2014 and a 52 week low of Rs. 630.80 on 14-Feb-2014.
Last one week high and low of the scrip stood at Rs. 1260.90 and Rs. 1064.65 respectively. The current market cap of the company is Rs. 89472.04 crore.
The promoters holding in the company stood at 40.07 % while Institutions and Non-Institutions held 36.62 % and 23.19 % respectively.
Kotak Mahindra Bank has received approval from Reserve Bank of India (RBI) to form a subsidiary to enter the General Insurance business. The bank had earlier received an in-principle approval from Insurance Regulatory and Development Authority (IRDA) for incorporation of a General Insurance Company. The company would now be required to apply and complete the registration process with IRDA to act as a General Insurance company, subject to the provisions of Insurance Act 1938, Companies Act, 2013, regulations notified by IRDA and all other laws prevailing in India.
Kotak Mahindra Bank is engaged in commercial banking, stock broking, mutual funds, life insurance and investment banking. The bank has an international presence through its subsidiaries with offices in London, New York, Dubai, Mauritius, San Francisco and Singapore that specialize in providing services to overseas investors seeking to invest into India.
| Company Name | CMP |
|---|---|
| HDFC Bank | 809.65 |
| ICICI Bank | 1375.50 |
| Axis Bank | 1374.35 |
| Kotak Mahindra Bank | 382.00 |
| Indusind Bank | 860.70 |
| View more.. | |
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