Kotak Mahindra Bank Limited belongs to Nifty 50 group of companies. For this reason fluctuations in Kotak Mahindra Bank share price share price affects the benchmark index.
Live Stock Quote: KOTAKBANK 1,001.95 +21.95 +2.24%
Kotak Mahindra Bank Share Price Graph
Kotak Mahindra Group was incorporated in 1985. Kotak Mahindra Finance Limited, the flagship company of the conglomerate was granted license by the RBI (Reserve Bank of India) to operate as private Bank in 2003. Thus Kotak Mahindra Bank came into being. Though a late entrant compared to its peers, the Kotak Mahindra Bank became the first NBFC (non banking financial company) to start banking operation in India.
Kotak Mahindra Bank was one of the first few private banks which started operations in India after the Government of India came up with the policy to allow private banks to start banking business in India. It was first such step taken by Government of India after nationalisation of private banks took place after independence.
With a view to expand and reach more consumers and make footsteps in diversified banking services. it has earned the position it is in now. Today, it runs a network of 323 branches catering to a customer base of 2.7 million across the country. It also has international office in London, New York, Sun Francisco, Mauritius, Singapore and Dubai to cater to its vast customer base of NRIs (non resident Indians) and international customers.
Today the Kotak Mahindra Bank provides following services to its customers.
- Retail/ Personal banking services
- Corporate banking service
- Depository services
- Wealth management services
- Investment banking services
- Life Insurance
- Mutual funds
Kotak Mahindra Bank has received numerous national and international awards of excellence for its performance in banking and financial sector.
Company Financials – Kotak Mahindra Bank share price is Rs 985.45 (as on 23.06.17, EOD) in BSE. As per latest data, the standalone basis P/E is 54.98 versus average industry PE of 27.31, EPS is Rs 17.92. Market cap is Rs 1,87,554 crores. The face value of share is Rs 5. Net NPA to Net Advance percentage stands at 1.26% (as per data of fiscal,’16).
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