Kotak Mahindra Bank is currently trading at Rs. 535.90, up by 11.15 points or 2.12% from its previous closing of Rs. 524.75 on the BSE.
The scrip opened at Rs. 524.75 and has touched a high and low of Rs. 536.60 and Rs. 524.65 respectively. So far 2,66,64,000 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 584.50 on 21-Feb-2012 and a 52 week low of Rs. 403.25 on 05-May-2011.
Last one week high and low of the scrip stood at Rs. 546.00 and Rs. 512.90 respectively. The current market cap of the company is Rs. 39,617.00 crore.
The promoters holding in the company stood at 45.40% while Institutions and Non-Institutions held 32.24% and 22.28% respectively.
Kotak Mahindra Bank has signed a memorandum of understanding (MOU) with the Indian Army to offer Salary2Wealth account to all its personnel. The bank has also launched a special Education Loan programme for children of the Indian Army personnel, and will offer its Personal Segment loan products - home loans, auto loans (offered by Kotak Mahindra Prime) and personal loans, at concessional rates to the Indian Army.
Through Salary2Wealth account, all personnel of Indian Army will get access to the bank’s top-of-the line products and services including the bank’s network of 338 branches, 819 ATMs across 195 centres in India.
Also the account holders will benefit from one of the highest savings bank interest rates in the country. Currently, the bank offers 5.5% per annum on its savings bank account for balances up to Rs 1 lakh, and 6% per annum on balances over Rs 1 lakh. Further, the bank will also conduct sessions on financial planning for senior Army officials across the country.
| Company Name | CMP |
|---|---|
| HDFC Bank | 799.90 |
| ICICI Bank | 1347.50 |
| Axis Bank | 1359.15 |
| Kotak Mahindra Bank | 383.50 |
| Indusind Bank | 853.15 |
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