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Kotak Mahindra Bank Ltd (KTKM.NS)

KTKM.NS on National Stock Exchange of India

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Latest Key Developments (Source: Significant Developments)

India's Kotak Mahindra Bank June Quarter Net Profit Rises
Monday, 22 Jul 2019 

July 22 (Reuters) - Kotak Mahindra Bank Ltd ::JUNE QUARTER NET PROFIT 13.60 BILLION RUPEES VERSUS NET PROFIT OF 10.25 BILLION RUPEES YEAR AGO.CONSENSUS FORECAST FOR JUNE QUARTER NET PROFIT WAS 13.83 BILLION RUPEES.JUNE QUARTER INTEREST EARNED 66.40 BILLION RUPEES VERSUS 54.80 BILLION RUPEES YEAR AGO.JUNE QUARTER PROVISIONS AND CONTINGENCIES 3.17 BILLION RUPEES VERSUS 4.70 BILLION RUPEES YEAR AGO.JUNE QUARTER GROSS NPA 2.19% VERSUS 2.14% PREVIOUS QUARTER.JUNE QUARTER NET NPA 0.73% VERSUS 0.75% PREVIOUS QUARTER.JUNE QUARTER NIM 4.49% VERSUS 4.28% LAST YEAR.  Full Article

Kotak Mahindra Bank Says Examining Reserve Bank Of India Order Asking The Bank To Pay A 20 Million Rupees Fine For Regulatory Non-Compliance
Friday, 7 Jun 2019 

Kotak Mahindra Bank Ltd ::SAYS EXAMINING RESERVE BANK OF INDIA ORDER ASKING THE BANK TO PAY A 20 MILLION RUPEES FINE FOR REGULATORY NON-COMPLIANCE.  Full Article

India Cenbank Imposes 20 Mln Rupees Penalty on Kotak Mahindra Bank
Friday, 7 Jun 2019 

June 7 (Reuters) - :INDIA CENBANK SAYS IMPOSED MONETARY PENALTY OF 20 MILLION RUPEES ON KOTAK MAHINDRA BANK FOR NONCOMPLIANCE WITH SOME DIRECTIONS ISSUED.INDIA CENBANK SAYS IMPOSED MONETARY PENALTY BASED ON DEFICIENCIES IN REGULATORY COMPLIANCE.INDIA CENBANK - KOTAK FAILED TO ADHERE TO RBI DIRECTIONS ASKING TO FURNISH SHAREHOLDING DETAILS OF PROMOTERS, PLANS TO COMPLY WITH TIMELINE FOR DILUTION.  Full Article

Kotak Mahindra Bank's Committee Approves Issue Of NCDs Worth 1.50 Bln Rupees
Thursday, 28 Mar 2019 

March 28 (Reuters) - Kotak Mahindra Bank Ltd ::SAYS COMMITTEE APPROVED ISSUE OF NCDS WORTH 1.50 BILLION RUPEES AT ISSUE PRICE OF 1 MILLION RUPEES PER NCD.SAYS ISSUE AT A COUPON RATE OF 8.25 PERCENT P.A. WITH TENOR OF 7 YEARS 1 MONTH.  Full Article

Kotak Mahindra Bank Approves Payment Of Dividend On Preference Shares
Friday, 15 Mar 2019 

March 15 (Reuters) - Kotak Mahindra Bank Ltd ::APPROVED PAYMENT OF DIVIDEND ON 1 BILLION 8.10 PERCENT NON-CONVERTIBLE PERPETUAL NON-CUMULATIVE PREFERENCE SHARES.  Full Article

Repco Home Finance Enters Agreement With Kotak Mahindra General Insurance & Kotak Mahindra Life Insurance
Friday, 4 Jan 2019 

Jan 4 (Reuters) - Kotak Mahindra Bank Ltd ::ENTERS AGREEMENT WITH KOTAK MAHINDRA GENERAL INSURANCE & KOTAK MAHINDRA LIFE INSURANCE FOR DISTRIBUTION OF PRODUCTS.  Full Article

India's Kotak Mahindra Bank Sept-Qtr Profit Up About 15 Pct
Wednesday, 24 Oct 2018 

Oct 24 (Reuters) - Kotak Mahindra Bank Ltd ::SEPT QUARTER NET PROFIT 11.42 BILLION RUPEES VERSUS NET PROFIT OF 9.94 BILLION RUPEES YEAR AGO.CONSENSUS FORECAST FOR SEPT QUARTER NET PROFIT WAS 11.65 BILLION RUPEES.SEPT QUARTER INTEREST EARNED 58.11 BILLION RUPEES VERSUS 47.60 BILLION RUPEES YEAR AGO.SEPT QUARTER PROVISIONS AND CONTINGENCIES 3.54 BILLION RUPEES VERSUS 2.17 BILLION RUPEES YEAR AGO.SEPT QUARTER GROSS NPA 2.15 PERCENT VERSUS 2.17 PERCENT PREVIOUS QUARTER.SEPT QUARTER NET NPA 0.81 PERCENT VERSUS 0.86 PERCENT PREVIOUS QUARTER.Q2 NIM 4.2 PERCENT.  Full Article

India's Kotak Mahindra Bank June Qtr Net Profit Up 12 Pct
Thursday, 19 Jul 2018 

July 19 (Reuters) - Kotak Mahindra Bank Ltd ::JUNE QUARTER NET PROFIT 10.25 BILLION RUPEES VERSUS NET PROFIT OF 9.13 BILLION RUPEES YEAR AGO.CONSENSUS FORECAST FOR JUNE QUARTER NET PROFIT WAS 11.67 BILLION RUPEES.JUNE QUARTER INTEREST EARNED 54.80 BILLION RUPEES VERSUS 46.56 BILLION RUPEES YEAR AGO.JUNE QUARTER PROVISIONS AND CONTINGENCIES 4.70 BILLION RUPEES VERSUS 2.04 BILLION RUPEES YEAR AGO.JUNE QUARTER GROSS NPA 2.17 PERCENT VERSUS 2.22 PERCENT PREVIOUS QUARTER.JUNE QUARTER NET NPA 0.86 PERCENT VERSUS 0.98 PERCENT PREVIOUS QUARTER.JUNE QUARTER NIM 4.3 PERCENT.  Full Article

PNB Housing Finance Says Not Aware Of Any Negotiations w.r.t News HDFC, Kotak Mahindra Bank Eyeing Stake In Co
Monday, 25 Jun 2018 

June 25 (Reuters) - Housing Development Finance Corporation Ltd ::PNB HOUSING FINANCE SAYS NOT AWARE OF ANY NEGOTIATIONS W.R.T MEDIA ARTICLE ON HDFC, KOTAK MAHINDRA BANK EYEING STAKE IN CO.  Full Article

India's Kotak Mahindra Bank Dec-Qtr Profit Up About 20 Pct
Friday, 19 Jan 2018 

Jan 19 (Reuters) - Kotak Mahindra Bank Ltd ::DEC QUARTER NET PROFIT 10.53 BILLION RUPEES VERSUS NET PROFIT OF 8.80 BILLION RUPEES YEAR AGO.CONSENSUS FORECAST FOR DEC QUARTER NET PROFIT WAS 10.69 BILLION RUPEES.DEC QUARTER INTEREST EARNED 50.09 BILLION RUPEES VERSUS 44.68 BILLION RUPEES YEAR AGO.DEC QUARTER PROVISIONS AND CONTIGENCIES 2.13 BILLION RUPEES VERSUS 1.92 BILLION RUPEES YEAR AGO.DEC QUARTER GROSS NPA 2.31 PERCENT VERSUS 2.47 PERCENT PREVIOUS QUARTER.DEC QUARTER NET NPA 1.09 PERCENT VERSUS 1.26 PERCENT PREVIOUS QUARTER.DEC QUARTER NIM 4.2 PERCENT.  Full Article

UPDATE 2-Lower provisions help India's ICICI bank swing to Q1 profit

* Q1 provisions $507 mln vs $865 mln year-ago (Adds detail, executive comments)