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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 March-Qtr Profit Rises
Tuesday, 30 Apr 2019 

April 30 (Reuters) - Kotak Mahindra Bank Ltd ::MARCH QUARTER NET PROFIT 14.08 BILLION RUPEES VERSUS NET PROFIT OF 11.24 BILLION RUPEES YEAR AGO.CONSENSUS FORECAST FOR MARCH QUARTER NET PROFIT WAS 13.59 BILLION RUPEES.MARCH QUARTER INTEREST EARNED 64.02 BILLION RUPEES VERSUS 53.23 BILLION RUPEES YEAR AGO.MARCH QUARTER PROVISIONS AND CONTINGENCIES 1.71 BILLION RUPEES VERSUS 3.07 BILLION RUPEES YEAR AGO.MARCH QUARTER GROSS NPA 2.14 PERCENT VERSUS 2.07 PERCENT PREVIOUS QUARTER.MARCH QUARTER NET NPA 0.75 PERCENT VERSUS 0.71 PERCENT PREVIOUS QUARTER.RECOMMENDED DIVIDEND OF 0.8 RUPEES PER SHARE.MARCH QUARTER NIM 4.48 PERCENT.  Full Article

India's Kotak Mahindra Bank Dec-Qtr Profit Up 22.6 Pct
Monday, 21 Jan 2019 

Jan 21 (Reuters) - Kotak Mahindra Bank Ltd ::DEC QUARTER NET PROFIT 12.91 BILLION RUPEES VERSUS NET PROFIT OF 10.53 BILLION RUPEES YEAR AGO.CONSENSUS FORECAST FOR DEC QUARTER NET PROFIT WAS 12.71 BILLION RUPEES.DEC QUARTER INTEREST EARNED 62.50 BILLION RUPEES VERSUS 50.09 BILLION RUPEES YEAR AGO.DEC QUARTER GROSS NPA 2.07 PERCENT VERSUS 2.15 PERCENT PREVIOUS QUARTER.DEC QUARTER NET NPA 0.71 PERCENT VERSUS 0.81 PERCENT PREVIOUS QUARTER.DEC QUARTER WRITE-BACK OF PROVISIONS 323 MILLION RUPEES VERSUS PROVISION OF 2.13 BILLION RUPEES YEAR AGO.SAYS NET INTEREST MARGIN FOR Q3FY19 AT 4.33 PERCENT.  Full Article

Kotak Mahindra Bank Files Writ Petition With Bombay High Court To Validate Bank's Position On PNCPS
Monday, 10 Dec 2018 

Dec 10 (Reuters) - Kotak Mahindra Bank Ltd ::FILED WRIT PETITION WITH BOMBAY HIGH COURT TO VALIDATE BANK'S POSITION IN RELATION TO PNCPS.  Full Article

Kotak Mahindra Bank Says Unaware Of Any Plans By Berkshire Hathaway On Buying Stake
Friday, 7 Dec 2018 

Dec 7 (Reuters) - Kotak Mahindra Bank Ltd::KOTAK MAHINDRA BANK LIMITED IS UNAWARE OF ANY PLANS BY BERKSHIRE HATHAWAY BUYING STAKE.  Full Article

Berkshire Hathaway May Look To Invest $4-$6 Bln In Kotak Mahindra Bank - CNBC-TV 18 Citing Sources
Friday, 7 Dec 2018 

Dec 7 (Reuters) - :BERKSHIRE HATHAWAY MAY LOOK TO INVEST $4 BILLION-$6 BILLION IN KOTAK MAHINDRA BANK - CNBC-TV 18 CITING SOURCES.BERKSHIRE HATHAWAY MAY LOOK AT BUYING PROMOTER STAKE OR VIA PREFERENTIAL ALLOTMENT TO INVEST IN KOTAK MAHINDRA BANK - CNBC-TV 18 CITING SOURCES.  Full Article

Kotak Mahindra Bank Sept qtr profit up about 22 pct
Wednesday, 25 Oct 2017 

Oct 25 (Reuters) - Kotak Mahindra Bank Ltd :Sept quarter net profit 9.94 billion rupees versus net profit of 8.13 billion rupees year ago.Consensus forecast for sept quarter net profit was 9.94 billion rupees.Sept quarter interest earned 47.60 billion rupees versus 44.12 billion rupees year ago.Sept quarter provisions 2.17 billion rupees versus 1.98 billion rupees year ago.Sept quarter gross NPA 2.47 percent versus 2.58 percent previous quarter.Sept quarter net NPA 1.26 percent versus 1.25 percent previous quarter.Sept quarter NIM 4.33 percent.  Full Article

Kotak Mahindra Bank has made more than needed provisions on accounts taken to bankruptcy
Thursday, 20 Jul 2017 

July 20 (Reuters) - Kotak Mahindra Bank Joint MD Dipak Gupta and CFO Jaimin Bhatt speaking to reporters::Says seeing some stress in SME accounts.Says have 2.36 billion rupee exposure to 4 of the 12 companies being taken to insolvency.Says have made more provisions than required by RBI on those accounts.  Full Article

Kotak Mahindra Bank June-quarter profit rises 23 pct
Thursday, 20 Jul 2017 

July 20 (Reuters) - Kotak Mahindra Bank Ltd ::June quarter PAT 9.13 billion rupees - TV.Consensus forecast for June quarter net profit was 10.24 billion rupees.June quarter interest earned 46.56 billion rupees versus 43.87 billion rupees year ago.June quarter provisions 2.04 billion rupees versus 1.80 billion rupees year ago.June quarter gross NPA 2.58 percent versus 2.59 percent previous quarter.June quarter net NPA 1.25 percent versus 1.26 percent previous quarter.June quarter NIM 4.4 percent.The alert on PAT was first sourced from TV and later confirmed from a company release at the National Stock Exchange.  Full Article

India cenbank imposes 20 mln rupee fine on Kotak Mahindra Bank

NEW DELHI, June 7 India's central bank on Friday fined Kotak Mahindra Bank Ltd 20 million rupees ($288,525) for not furnishing details about the shareholdings of its majority stakeholders and its plans for complying with stake dilution norms.