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Kotak Mahindra Bank strengthens on eyeing 18% growth for its consumer banking business

10 Dec 2014 Evaluate

Kotak Mahindra Bank is currently trading at Rs. 1243.00, up by 14.40 points or 1.17 % from its previous closing of Rs. 1228.60 on the BSE.

The scrip opened at Rs. 1235.35 and has touched a high and low of Rs. 1244.95 and Rs. 1231.70 respectively. So far 15805 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. 1253.95 and Rs. 1205.00 respectively. The current market cap of the company is Rs. 95428.91 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 expects to grow its consumer banking business by 18% on the back of a robust service sector and improved asset quality. During the month ended September 30, 2014, the private sector lender registered 18% growth at Rs 18,308 crore in consumer banking segment compared to Rs 15,555 crore in the year-ago period. Within consumer banking, small business, personal loans and credit cards grew 29% to Rs 5,301 crore from Rs 4,099 crore a year ago. Meanwhile, home loans and loans against property rose 14% to Rs 12,894 crore from Rs 11,307 crore in the September 2013 quarter.

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.

Kotak Mahindra Bank Share Price

380.95 1.75 (0.46%)
21-Apr-2026 10:50 View Price Chart
Peers
Company Name CMP
HDFC Bank 804.25
ICICI Bank 1379.00
Axis Bank 1372.70
Kotak Mahindra Bank 380.95
Indusind Bank 862.25
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