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10-Aug2018

Kotak Mahindra Bank gains on the buzz of planning to tie up with educational institutions

Kotak Mahindra Bank is currently trading at Rs. 1288.05, up by 10.35 points or 0.81% from its previous closing of Rs. 1277.70 on the BSE.

The scrip opened at Rs. 1278.00 and has touched a high and low of Rs. 1289.40 and Rs. 1272.00 respectively. So far 17448 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 1424.00 on 17-Jul-2018 and a 52 week low of Rs. 962.30 on 29-Aug-2017.

Last one week high and low of the scrip stood at Rs. 1312.50 and Rs. 1270.75 respectively. The current market cap of the company is Rs. 245076.73 crore.

The promoters holding in the company stood at 30.03%, while Institutions and Non-Institutions held 48.70% and 21.27% respectively.

Kotak Mahindra Bank is reportedly planning to tie up with educational institutions, including colleges, for Kotak cards, including prepaid cards in order to expand its retail presence. The bank is in talks with about 4-5 colleges in South India and Mumbai.

Kotak Mahindra Bank offers a wide range of banking products and financial services for corporate and retail customers through a variety of delivery channels and specialized subsidiaries in the areas of personal finance, investment banking, life insurance, and wealth management.


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