Kotak Mahindra Bank Ltd.

Kotak Mahindra Bank is currently trading at Rs. 717.00, up by 8.60 points or 1.21% from its previous closing of Rs. 708.40 on the BSE.

The scrip opened at Rs. 707.00 and has touched a high and low of Rs. 719.90 and Rs. 707.00 respectively. So far 20,000 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 744.45 on 21-Jul-2015 and a 52 week low of Rs. 586.50 on 29-Feb-2016.

Last one week high and low of the scrip stood at Rs. 729.40 and Rs. 690.00 respectively. The current market cap of the company is Rs. 1,31,678.00 crore.

The promoters holding in the company stood at 33.70% while Institutions and Non-Institutions held 40.64% and 25.66% respectively.

Kotak Mahindra Bank (KMB) has launched its International Banking Unit (IBU) in Gujarat International Finance Tec-City (GIFT City), District Gandhinagar. The merger of ING Vysya Bank with KMB on April 1, 2015, significantly increased KMB’s network and assets in India, thereby cementing its position as India’s fourth largest private sector bank. Continuing with this growth trajectory, the launch of the IBU enhances KMB’s abilities to now offer foreign currency loans and deposits to corporates.

Kotak Mahindra Bank offers a wide range of banking products and financial services for corporate and retail customers through a variety of delivery channels and specialized subsidiaries in the areas of personal finance, investment banking, life insurance, and wealth management.