KOTAK MAHINDRA BANK LTD SHARE PRICE TODAY

Kotak Mahindra Bank Limited, headquartered in Mumbai, provides financial services and banking products to retail and corporate customers. Set up in 1985, it became the country’s first non-banking finance company to turn into a commercial bank in 2003.

It is active in the fields of commercial banking, investment banking, stock broking, car finance, asset management, and life insurance. In 2013, the company acquired the business loans portfolio of the Indian arm of Barclays Plc. ING Vysya Bank merged with Kotak Mahindra Bank the next year.

The bank recorded a 1.43 per cent year-on-year (YoY) increase in consolidated net profit in the second (July–September) quarter of FY22. In this quarter, its net profit was Rs 2,989 crore against Rs 2,947 crore in the year-ago quarter. 

The bank is listed on the NSE with the ticker KOTAKBANK and on the BSE with the code 500247. On 25 November 2022, it had a market capitalisation of Rs 3,82,943 crore.

Uday Kotak is the managing director and chief executive officer of the bank, Dipak Gupta is the joint managing director, Prakash Apte is the non-executive chairman and an independent director, Shanti Ekambaram and K.V.S. Manian are whole-time directors, and Jaimin Bhatt is the chief financial officer. Other independent directors are Ashok Gulati, Uday Chander Khanna, Uday Shankar, Farida Khambata, and Ashu Suyash. The non-executive directors are Amit Desai and C. Jayaram.

In the quarter ending 30 September 2022, the promoters held 25.96% of the bank’s stock, of which Uday Suresh Kotak accounted for 25.73%. Foreign institutional investors held 40.92% and domestic institutional investors held 19.99%. The remaining 13.13% shares are owned by public (non-institutional) investors.

The share closed at Rs 1,928.40 on 25 November 2022. The 52-week high was Rs 2,048.00, and the 52-week low was Rs 1,631.00. 

Disclaimer: ICICI Securities Ltd. (I-Sec). Registered office of I-Sec is at ICICI Securities Ltd. - ICICI Venture House, Appasaheb Marathe Marg, Prabhadevi, Mumbai - 400 025, India, Tel No : 022 - 6807 7100. I-Sec is a Member of National Stock Exchange of India Ltd (Member Code: 07730), BSE Ltd (Member Code: 103) and Member of Multi Commodity Exchange of India Ltd.(Member Code: 56250) and having SEBI registration no. INZ000183631. Name of the Compliance officer (broking): Ms. Mamta Shetty, Contact number: 022-40701022, E-mail address: complianceofficer@icicisecurities.com. Investments in securities market are subject to market risks, read all the related documents carefully before investing. The contents herein above shall not be considered as an invitation or persuasion to trade or invest. I-Sec and affiliates accept no liabilities for any loss or damage of any kind arising out of any actions taken in reliance thereon. Such representations are not indicative of future results. The securities quoted are exemplary and are not recommendatory. Investors should consult their financial advisers if in doubt about whether the product is suitable for them. The contents herein above are solely for informational purpose and may not be used or considered as an offer document or solicitation of offer to buy or sell or subscribe for securities or other financial instruments or any other product. Investors should consult their financial advisers whether the product is suitable for them before taking any decision. The contents herein mentioned are solely for informational and educational purpose.

Kotak Mahindra Bank share price as on 14 Sep 2024 is Rs. 1820.35. Over the past 6 months, the Kotak Mahindra Bank share price has increased by 5.81% and in the last one year, it has increased by 0.51%. The 52-week low for Kotak Mahindra Bank share price was Rs. 1543.85 and 52-week high was Rs. 1926.5.