Kotak Mahindra Bank pips ONGC in market cap to enter top 10 club; to topple Infosys, Maruti Suzuki next?
Posted on 2nd May 2018 |
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Kotak Mahindra Bank Market Capitalisation: In a major development in the stock market proceedings on Wednesday, India’s fourth-largest private sector lender Kotak Mahindra Bank market capitalisation surpassed that of ONGC to enter the top 10 club by market capitalisation in India. Shares of Uday Kotak-led Kotak Mahindra Bank was among the top gainers among the components of BSE Sensex since the morning trades on Wednesday. |
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Kotak Mahindra Bank consolidated Q4 net up 27% to Rs 17.89 billion
Posted on 30th April 2018 |
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Kotak Mahindra Bank on Friday reported 27 per cent rise in its fourth quarter consolidated net profit for 2017-18 on healthy growth in advances and higher base of low cost deposits.Profit after tax on a consolidated level rose to Rs 17.89 billion for the quarter ended March 2018, from Rs 14.04 billion in the year ago period. |
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Kotak Mahindra Bank topples SBI to become India’s 2nd largest bank by market cap
Posted on 16th April 2018 |
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The Mumbai-based Kotak Mahindra Bank led by Asia’s richest banker Uday Kotak became India’s second-largest bank by market capitalisation on Monday surpassing India’s largest bank by asset State Bank of India to grab the spot. Kotak Mahindra Bank is now behind the market capitalisation leader among all the banking scrips HDFC Bank which also features among the exhaustive club of Rs 5 lakh crore market capitalisation. |
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Will Kotak Mahindra acquire Axis Bank? Here’s why Nomura thinks it’s the best time
Posted on 12th April 2018 |
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Following the curtailment of Axis Bank CEO Shikha Sharma’s term, many top market voices including global brokerage firm Nomura believe that its an opportune moment for Uday Kotak-run Kotak Mahindra Bank to takeover the private lender. “With a very short time left in the CEO’s term at Axis Bank, RBI’s pressure on Axis Bank’s management and with an asset quality clean-up exercise continuing, we believe this is the best opportunity for Kotak Bank to acquire or merge with Axis Bank,” Nomura said in its report. |
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Kotak Mahindra Bank becomes third largest bank by m-cap
Posted on 8th March 2018 |
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The pummeling of bank stocks isn’t bad news for all banks. Kotak Mahindra Bank bucked the trend on Wednesday, with the stock ending in the green. In fact, the shares of the private lender advanced in three sessions of the last six when the Bank Nifty gave up over 6% of its value. The private lender, which boasts higher market capitalisation than its gross advances, surpassed ICICI Bank in market value last week. |
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Kotak Mahindra Bank’s Suneet Weling to join BNP Paribas India
Posted on 1st February 2018 |
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Mumbai: Suneet Weling, executive director at the investment banking division of Kotak Mahindra Bank, will join French banking group BNP Paribas’s Indian arm as managing director and head of advisory, capital markets and financing, said multiple people aware of the development. Weling has advised several Indian and international companies on mergers and acquisitions and capital-raising in India during his seven-year stint at Kotak Mahindra. |
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Gold only cryptocurrency to have worked, says Uday Kotak
Posted on 30th January 2018 |
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A firm believer in formal banking systems, eminent banker Uday Kotak feels gold is the only alternative currency that has worked ever without any state support and sees no regulatory backing in immediate future for numerous crypto currencies that have cropped up. The most famous among all, bitcoin has been seeing a huge traction lately even as its prices have been extremely volatile, surging to close to USD 20,000 per unit a few weeks ago but only to fall below USD 10,000 soon after. |
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Kotak Mahindra Bank consolidated Q3 net rises 28% to Rs 16.24 billion
Posted on 20th January 2018 |
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Kotak Mahindra Bank on Friday reported 28.2 per cent rise in its third quarter consolidated net profit on healthy growth in advances. Profit after tax on a consolidated level rose to Rs 16.24 billion for the quarter ended December 2017, from Rs 12.67 billion in the year ago period. |
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Gabriel Indian gets buy rating by Kotak Securities
Posted on 19th January 2018 |
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We met with the management of Gabriel India. The company is optimistic of healthy growth in revenues on the back of repeat business and new order wins. Exports and aftermarket continue to stay a key focus area. In exports, the focus is both on OEM’s and aftermarket.Gabriel continues to explore inorganic growth opportunities. Management is committed towards double-digit EBITDA margin. Given land bank at existing plant, company can go for brownfield expansions, if required. |
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Canada’s SkyPower hires Yes Bank to find buyer for its India solar projects
Posted on 25th October 2017 |
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New Delhi: Canadian solar energy developer SkyPower Ltd has hired Yes Bank to sell a stake in its solar power projects in India, said two people aware of the development. The move by one of the world’s largest utility-scale solar project developer to sell a stake in its India portfolio is representative of the investment thesis adopted by foreign developers in India’s clean energy space. With financing at the lowest cost becoming key to success, given record low solar and wind power tariffs, the deal-making activity in the Indian clean energy space has gathered pace. |
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