Live Kotak Mahindra Bank Share Price Chart

O 1727.95

H 1727.95

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Kotak Mahindra Bank Performance

Days Range

Low: ₹1,718.50
High: ₹1,741.50
Previous Close ₹1,723.70
Open ₹1,727.95
Volume 27,77,198
Day’s Range ₹1,718.50 - ₹1,741.50
52W Range ₹1,643.50 - ₹2,064.40
Market Cap ₹3,42,842 Cr

Kotak Mahindra Bank Fundamentals

ROCE (TTM) 1.82
P/E Ratio (TTM) 19.68
P/B Ratio 2.86
Industry P/E 14.29
Debt to Equity NA
ROE 14.51
EPS (TTM) 87.74
Dividend Yield 0.09
Book Value 604.85
Face Value 5

Kotak Mahindra Bank Financials

Mar 2023Jun 2023Sep 2023Dec 2023
Profit before tax5,988.725,586.435,888.345,613.59
Net Profit4,529.524,109.334,422.864,202.39
EPS in Rs22.7820.8922.4521.46

About Kotak Mahindra Bank

History of Kotak Mahindra Bank

Uday Kotak established Kotak Capital Management Finance, an investment and financial services company, in 1985. To get the company off the ground, he secured a loan of ₹30 lakh from his family and friends. The following year, in 1986, Anand Mahindra and his father, Harish Mahindra, made an investment of ₹1 lakh in the company. This significant infusion of funds prompted a renaming of the company to Kotak Mahindra Finance.

Kotak Mahindra Bank is an Indian private sector bank headquartered in Mumbai, Maharashtra, India. It was founded in February 2003, when Kotak Mahindra Finance Ltd. (KMFL), the Group’s flagship company, received a banking license from the Reserve Bank of India (RBI). It became the first non-banking finance company in India to convert into a bank. The bank was initially engaged in bill discounting, along with lease and hire purchase activities. It went public in 2005.

In March 2017, Kotak Mahindra Bank launched an online savings account called Kotak 811, named after November 8, 2016, the day when the Indian government demonetised ₹500 and ₹1,000 currency notes.

Kotak Mahindra Bank has gained recognition for its commitment to excellence and innovation, earning prestigious awards such as the title of India’s best private bank in 2021 at the FinanceAsia Country Awards and Asiamoney Private Banking Awards.

As of December 2022, Kotak Mahindra Bank boasted an extensive network with 1752 branches and 2814 ATMs throughout India. It ranks as the country’s third-largest private sector bank by market capitalisation, following HDFC Bank and ICICI Bank.

Business Segments

Kotak Mahindra Bank has a diverse range of businesses and financial services that cater to both corporate and retail customers. Here are some of the key segments of the bank:

  • Banking: Kotak Mahindra Bank offers a wide range of banking products and services, including savings accounts, current accounts, loans, credit cards, and more. The bank has over 1,752 branches and 2,814 ATMs across India.
  • Financial Services: The bank provides various financial services such as investment banking, wealth management, life insurance, and general insurance.
  • Capital Markets: Kotak Mahindra Capital Company (KMCC) is a subsidiary of the bank that offers services such as equity capital markets, debt capital markets, mergers and acquisitions, and more.
  • Securities: Kotak Securities is a subsidiary of the bank that provides brokerage services, research, and investment advisory services.

The bank has the following subsidiaries:

  • Kotak Mahindra AMC: KMAMC started operations in December 1998 and is the fifth-largest mutual fund house in India based on quarterly AUM as of March 2023. It has a robust distribution network with over 50,000 empanelled distributors and caters to over 8.1 million investors with a complete product bouquet.
  • Kotak Mahindra Securities: Kotak Securities Limited offers full-fledged investment services across asset classes, including equity, debt, mutual funds, commodities, and currencies, through a single-login platform.
  • Kotak Mahindra Life Insurance: Kotak Mahindra Life Insurance is one of the fastest-growing insurance companies in India, covering over 50 million lives nationwide as of June 2023. It offers various protection plans, savings and investment plans, child plans, and retirement plans.

Other than the above, Kotak has four more subsidiaries pioneering in the finance world~ Kotak Mahindra Prime, Kotak International Business, Kotak Mahindra Capital Company, Kotak Mahindra General Insurance, and Kotak Investment Advisors Limited.

Key Personalities

  • Uday Kotak, Founder & MD

Mr. Uday Kotak is the founder and Managing Director of Kotak Mahindra Bank. He has been associated with the bank since 1985 and has played a key role in its growth and success. Mr. Uday Kotak is known for his entrepreneurial spirit and his vision to build a world-class financial services organisation.

Financial Highlights

Kotak Mahindra Bank has been performing well financially over the years. Here are some of the key financial highlights of the bank:

  • The NII of the bank has been growing consistently over the years. For the year ended March 2022, the NII of the bank was ₹221,871 million, up from ₹126,642 million in FY 2018. The net interest margin (NIM) of the bank was 4.6% for FY 2022.
  • The PAT of the bank has also been growing consistently over the years. For the year ended March 2022, the PAT of the bank was ₹120,894 million, up from ₹72,041 million in FY 2019. The bank has been able to maintain a healthy return on assets (ROA) of around 1.5%.
  • The total assets of the bank have been growing consistently over the years. As of March 2022, the total assets of the bank were ₹3,073,041 million, up from ₹2,394,137 million in FY 2018.
  • The CAR of the bank has been consistently above the regulatory requirement. As of March 2022, the CAR of the bank was 23.5%.
  • The bank has been able to maintain a healthy CAGR for its key financial metrics, such as sales, revenues, EBITDA, and more. For example, the net interest income of the bank has grown at a CAGR of 15.0% over the past 5 years.

Corporate Actions

Bonus shares:

  • Kotak Mahindra Bank issued bonus shares on 9th July 2015 in a ratio of 1:1.

Merger and acquisitions: 

  • In 2014, the bank acquired ING Vysya Bank, which helped it expand its presence in South India.
  • In 2019, the bank acquired BSS Microfinance, which helped it strengthen its position in the microfinance sector.
Parent Organisation Kotak Mahindra
Founded 1985
Managing Director Chandra Shekhar Rajan
NSE Symbol KOTAKBANK

Peer Comparison

Stocks Market Cap (cr) Market Price (₹) 52 Week Low-High (₹)
Bank of Baroda ₹141,333.33

273.2

1.35 (0.50%)

272.1 - 276.25
HDFC Bank Ltd ₹1,087,958.95

1432.7

1.95 (0.14%)

1424.3 - 1437
IndusInd Bank Ltd ₹119,149.61

1531.3

5.30 (0.35%)

1520.35 - 1538.95
Union Bank of India ₹113,626.22

148.85

1.90 (1.29%)

147.25 - 150.4
Indian Overseas Bank ₹119,312.03

63.15

1.25 (-1.94%)

63 - 65.05

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Kotak Mahindra Bank FAQs

What is the Share price of Kotak Mahindra Bank (KOTAKBANK)?

Kotak Mahindra Bank (KOTAKBANK) share price as of March 4, 2024, on NSE is Rs 1,727.20 (NSE) and Rs 1,727.00 (BSE) on BSE.

Can I buy Kotak Mahindra Bank (KOTAKBANK) shares?

Yes, You can buy Kotak Mahindra Bank (KOTAKBANK) shares by opening a Demat account with Angel One.

How do I buy Kotak Mahindra Bank (KOTAKBANK) from Angel One?

Kotak Mahindra Bank (KOTAKBANK) share can be brought through the following modes:
  1. Direct investment: You can buy Kotak Mahindra Bank (KOTAKBANK) shares by opening a Demat account with Angel One.
  2. Indirect investment: The indirect method involves investing through ETFs and Mutual Funds that offer exposure to Kotak Mahindra Bank (KOTAKBANK) shares.

What is the total Asset of Kotak Bank?

Kotak Bank’s total assets for 2021 were Rs 478,873 Crore.

What is the main business of Kotak Bank?

Consumer Banking, Business Banking, Commercial Banking, and Treasury are the four Strategic Business Units of the Bank that serve retail and corporate clients in both urban and rural India.

Who are the promoters of Kotak Bank?

Uday Suresh Kotak (25.74%) and Indira Suresh Kotak (0.10) are some of the biggest promoters of Kotak Bank.

What are the Brands that comes under Kotak Bank?

The Brands that comes under Kotak Bank are Kotak Mahindra Prime. Kotak Mahindra Investments. Kotak Securities. Kotak Mahindra Capital. Kotak Mahindra Life Insurance. Kotak Mahindra General Insurance. Kotak AMC. Kotak Investment Advisors.