|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's range||1,775.10 - 1,808.00|
|52-week range||1,631.00 - 2,253.00|
|Beta (5Y monthly)||0.64|
|PE ratio (TTM)||27.87|
|Forward dividend & yield||1.10 (0.06%)|
|Ex-dividend date||11 Aug 2022|
|1y target est||N/A|
The RBI may slow its intervention to protect the rupee during October-March, and allow the currency to move in alignment with global trends, Kotak Mahindra Bank said on Friday. The rupee dropped to a record low of 81.2250 to the dollar on Friday, prompting the RBI to sell dollars to prop up the currency, traders said. "We expect the INR to remain under pressure as markets continue to assess the extent of spill-overs from the (U.S.) Fed's hardening policy stance," Upasna Bhardwaj, senior economist at Kotak, said in a note.
BharatPe has come under intense investor and media scrutiny since Grover sought damages from bank boss Uday Kotak, alleging Kotak Mahindra Bank declined financing for a personal investment. The bank has in turn alleged in legal documents that Grover used "foul" and threatening language towards its employees and reserved the right to take appropriate legal action against him.
BENGALURU (Reuters) -India's central bank has allowed state-run insurance giant Life Insurance Corporation of India to increase its stake in Kotak Mahindra Bank Ltd to up to 9.99%, the private sector lender said on Monday. While announcing reformed rules on the structure of private sector banks, the Reserve Bank of India had on Friday said that non-promoter share holdings would continue to be capped at 10% for individuals and non-financial institutions.