Geojit is bullish on Kotak Mahindra Bank has recommended buy rating on the stock with a target price of Rs 2173 in its research report dated July 28, 2022.
Private banks prefer to disburse unsecured loans as these have better profit margins. But the banks need to have proper credit appraisal mechanism and risk management system in place, say analysts.
Sharekhan is bullish on Kotak Mahindra Bank has recommended buy rating on the stock with a target price of Rs 2250 in its research report dated July 22, 2022.
ICICI Direct is bullish on Kotak Mahindra Bank has recommended buy rating on the stock with a target price of Rs 2200 in its research report dated July 24, 2022.
Emkay Global Financial is bullish on Kotak Mahindra Bank has recommended buy rating on the stock with a target price of Rs 2180 in its research report dated July 23, 2022.
Prabhudas Lilladher recommended accumulate rating on Kotak Mahindra Bank with a target price of Rs 1950 in its research report dated July 24, 2022.
Oscillators on the higher timeframes indicated the sentiments are positive, but the lower timeframes (one hour and below) indicated negative sentiments which can be a sign of overbought and hence some setback can't be ruled out especially after 4 percent run up last week and 10 percent rally from June lows, experts said
While assets rose at a faster pace, deposits grew 10.4 percent YoY growth to Rs 3.16 lakh crore as on June 30
Kotak Mahindra Bank said its consolidated profit for the June 2022 quarter grew by 52.5 percent YoY to Rs 2,755.4 crore driven by bank, and life insurance businesses.
The bank is likely to report 32.5 percent year-on-year growth in net profit to Rs 2,176 crore for the quarter ended June, the average of the estimates of seven brokerages surveyed by Moneycontrol showed.
On July 18, the 30-share BSE benchmark Sensex jumped 760.37 points or 1.41 per cent to settle at 54,521.15.
Interest rate hikes are a blunt tool to manage supply-side inflation and India’s growth could be weighed down by hardening financial conditions, Upasna Bhardwaj said
Net Interest Income (NII) is expected to increase by 18.3 percent Y-o-Y (up 5 percent Q-o-Q) to Rs. 4,661.8 crore, according to Prabhudas Lilladher.
With this acquisition, Kotak will gain access to over 25,000 high-quality customers with a total standard loan outstanding of around Rs 582 crore.
The brokerage firm has upgraded the stock to buy from neutral and increased its target price to Rs 2135 a share from Rs 1984 earlier.
The RBI has increased the scrutiny of regulated entities to ensure proper compliance of corporate governance practices
“In the US for my Harvard 5th year reunion. A nation in decay,” Jay Kotak wrote on Twitter.
Term deposit rates have also been increased by up to 0.25 per cent, the city-headquartered lender said in a statement.
We have collated a list of rate-sensitive stocks that experts say can give 6-20 percent return over the next 3-4 weeks. Returns are calculated based on the closing price of June 7:
Uday Kotak completes his term as CEO and vice-chairman at the Kotak Mahindra Bank in December 2023. Will Jay Kotak be the rising management leader of the bank? Read on to the RBI's role in the bank's succession plans.
KR Choksey is bullish on Kotak Mahindra Bank has recommended buy rating on the stock with a target price of Rs 2340 in its research report dated May 06, 2022.
Geojit recommended is bullish on Kotak Mahindra Bank recommended buy rating on the stock with a target price of Rs 2221 in its research report dated May 13, 2022.
It will power B2B and B2C payments across channels both online and offline, BIAL said in a release on Thursday. Designed specifically for the airport, the solution will enable a secure, scalable, and unified payment experience.
After consolidating for more than four months, Kotak Mahindra Bank has given a breakout of a triangle pattern on the daily chart.
Motilal Oswal recommended Neutral rating on Kotak Mahindra Bank with a target price of Rs 2000 in its research report date May 04, 2022.