Kotak Mahindra Bank Ltd.

Kotak Mahindra Bank is currently trading at Rs. 613.00, up by 10.30 points or 1.71% from its previous closing of Rs. 602.70 on the BSE.

The scrip opened at Rs. 598.20 and has touched a high and low of Rs. 613.00 and Rs. 598.20 respectively. So far 17669 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 621.00 on 17-Sep-2012 and a 52 week low of Rs. 418.25 on 02-Jan-2012.

Last one week high and low of the scrip stood at Rs. 621.00 and Rs. 591.00 respectively. The current market cap of the company is Rs. 45410.13 crore.

The promoters holding in the company stood at 45.21% while Institutions and Non-Institutions held 33.04% and 21.64% respectively.

Kotak Mahindra Bank has decided to concentrate on Kerala’s NRI population to boost its business in the state and it has enlarged its team size to chase the population. NRI contribution to the total deposit base of Kotak Mahindra Bank in Kerala is over one-third and the bank wants to take it to half in the next one year.

The bank aims 20-25% growth in Kerala’s customer base in the next one year, which currently has 20,000 customers. The bank, with five branches in the State, will add one more in the next 3-4 months.