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Kotak Mahindra Bank Limited (KOTAKBANK.NS)
| Previous close | 1,842.80 |
| Open | 1,665.00 |
| Bid | 0.00 x 0 |
| Ask | 0.00 x 0 |
| Day's range | 1,602.00 - 1,697.80 |
| 52-week range | 1,602.00 - 2,064.40 |
| Volume | |
| Avg. volume | 5,161,776 |
| Market cap | 3.265T |
| Beta (5Y monthly) | 0.47 |
| PE ratio (TTM) | 18.76 |
| EPS (TTM) | 87.53 |
| Earnings date | 04 May 2024 |
| Forward dividend & yield | 1.50 (0.08%) |
| Ex-dividend date | 04 Aug 2023 |
| 1y target est | N/A |
ReutersIndian bank Kotak Mahindra's shares dive after new digital client ban
MUMBAI (Reuters) -Kotak Mahindra Bank's shares fell by nearly 11% on Thursday, a day after India's central bank barred the lender that relies heavily on online banking from taking on new digital clients and issuing credit cards. The Reserve Bank of India acted after the tech systems at Kotak, India's fourth biggest private bank, failed to manage a surge in transactions. Shares in Kotak fell by as much as 13% to their lowest since November 2020, before paring losses slightly in late trade.
ReutersZurich Insurance to buy 70% stake in Kotak arm upfront in amended deal
Zurich Insurance Group will buy a 70% stake in Kotak Mahindra Bank's general insurance arm by paying 55.60 billion rupees (nearly $671 million) upfront instead of staggering the purchase as planned last year, the Indian lender said on Friday. Under the original deal, announced in November last year, Zurich was to buy a 51% stake in the Kotak unit for 40.51 billion rupees and an additional 19% holding within three years of the first purchase. The change in the deal's terms will not affect Kotak General's valuation, which was 79.43 billion rupees according to the filing from November 2023.
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