Kotak Mahindra Bank Ltd.

Kotak Mahindra Bank is currently trading at Rs 510.00, up by 0.85 points or 0.17% from its previous closing of Rs 509.15 on the BSE.

The scrip opened at Rs 509.00 and has touched a high and low of Rs 512.50 and Rs 502.20 respectively. So far 72364 shares were traded on the counter.

The BSE group 'A' stock of face value Rs 5 has touched a 52 week high of Rs 512.50 on 31-Oct-2011 and a 52 week low of Rs 333.25 on 09-Feb-2011.

Last one week high and low of the scrip stood at Rs 512.50 and Rs 465.00 respectively. The current market cap of the company is Rs. 37617.17 crore.

The promoters holding in the company stood at 45.46 % while Institutions and Non-Institutions held 31.76 % and 22.71 % respectively.

Kotak Mahindra Bank has revised its base rate upwards by 25 basis points (bps) from 9.75% per annum to 10.00% per annum with effect from November 01, 2011. The bank has also revised its benchmark prime lending rates (BPLR) upwards by 25 bps. All categories of loans other than the exceptions permitted by RBI will henceforth be priced with reference to the revised base rate.

Further, the bank has also revised savings bank interest rate, which is currently at 4.00% per annum upward with effect from November 01, 2011. For balance above Rs 1 lakh the bank will pay interest rate at 6.00% per annum while for balance up to Rs 1 lakh the bank will pay interest at the rate of 5.50% per annum