MoneyWorks4Me

Kotak Mahindra Bank eyes acquisition opportunities within India

31 Jan 2012 Evaluate

Kotak Mahindra Bank, the private sector lender is eying acquisition opportunities within India on a top priority basis. The bank aims to transform itself into a bank of global scale, quality and size, ‘ever-young’ Indian banking company.

The bank has over 329 branches and 782 ATMs across the country. The bank’s net profit for the quarter ended December 31, 2011 has surged by 46.95% at Rs 276.08 crore as compared to Rs 187.87 crore for the quarter ended December 31, 2010. Bank’s total Income has increased by 47.42% at Rs 1922.94 crore for the quarter under review from Rs 1304.41 crore for the December quarter of the previous fiscal.

Peers
Company Name CMP
HDFC Bank 705.50
ICICI Bank 1356.70
Axis Bank 1247.00
Kotak Mahindra Bank 441.10
Indusind Bank 877.50
View more..