Kotak Mahindra Bank Share Price

The Kotak Mahindra Group, founded in 1985, is one of India's biggest financial services companies. The Reserve Bank of India granted the Group's main company, Kotak Mahindra Finance Ltd. (KMFL), a banking license in February 2003. With this, KMFL became India's first non-banking financing firm to be converted into a bank, Kotak Mahindra Bank Limited.

Indian banking and financial services company Kotak Mahindra Bank Limited is situated in Mumbai. It offers banking products and financial services to corporate and retail clients in the areas of personal finance, investment banking, life insurance, and wealth management. In terms of assets and market capitalization as of November 2021, it is the third-largest private sector bank in India. As of February 2021, the bank had 1600 branches and 2519 ATMs.

Kotak Mahindra Bank – Growth History and Empire Expansion

Uday Kotak established Kotak Capital Management Finance in 1985 as an investment and financial services firm with a loan of 30 lakh from family and friends. In 1986, Anand Mahindra and his father Harish Mahindra made a 1 lakh rupee investment in the business, which went on to become Kotak Mahindra Finance. The company's first activities included lease and hire-buy transactions as well as bill discounting.

In the 1990s, the company opened departments for investment banking and auto loans and increased its global reach. A 60:40 joint venture between Ford Credit International and Kotak Mahindra Loan resulted in the establishment of Kotak Mahindra Primus, an auto finance firm, in 1996. In order to create OM Kotak Mahindra Life Insurance Company, Kotak Mahindra Finance and Old Mutual entered into a 74:26 joint venture. (source)

The Reserve Bank of India issued a banking licence to Kotak Mahindra Finance in February 2003. It was the first non-banking finance organisation in India to be converted into a bank as a result. Later on, Kotak Mahindra Finance changed its name to Kotak Mahindra Bank. At the time, Uday Kotak held a 55 percent stake in the business, with Anand Mahindra holding the remaining 46 percent. (source)

Ford Credit's 40% stake in Kotak Mahindra Primus was acquired by Kotak Mahindra Bank in 2005, making it a wholly-owned subsidiary of the company. After Kotak Mahindra Bank transferred a 49 percent ownership of the business to its step-down subsidiary Kotak Securities, Kotak Mahindra Prime was later rebranded.

In 2015, ING Vysya Bank was purchased by Kotak Bank for Rs 15,000 crore ($2.34 billion). After the deal was completed, Kotak Mahindra Bank had 1,261 branches and about 40,000 employees. After the merger, Kotak Mahindra Bank was owned by ING Group, which also owned ING Vysya Bank. There is a Kotak Mahindra Bank ATM in Kolkata. Old Mutual acquired a 26 percent stake in Kotak Mahindra Old Mutual Life Insurance for 1,292 crores (US$198.4 million) in 2017, turning the life insurance company into a wholly-owned subsidiary. The bank acquired a 9.99 percent stake in Ferbine in 2021. Ferbine is a company supported by the Tata Group that will oversee a pan-Indian umbrella organisation for retail payment systems, similar to the National Payments Corporation of India.

Market Capitalisation and Stock Information

The market cap stands at Rs 335211 crores

The PB ratio of SBI Kotak Mahindra Bank stocks is 3.48% as of 27 June 2022.

The Face Value of shares is Rs 5 each.

Shareholding Pattern as of March 2022

The shareholding pattern of Kotak Mahindra Bank consists of 25.98 % holding by the promoters, 40.86% by FII, 16.61% by DII, and 16.56% by the Public.

Quarterly Results for the quarter ended March 2022

Revenue: Rs 7,066 crores
Profit before tax: Rs 3,646 crores
Net Profit:  Rs 2,767 crores
Gross NPA %: 2.34%
Net NPA %: 0.64%
(The above are standalone figures)

Corporate Social Responsibility Information

●  Kotak Education Foundation (KEF)

The Kotak Education Foundation (KEF), founded in 2006, empowers young people from low-income households through various education-based projects and prepares them with employable skills so they can grow and live with dignity. It assists children and youth from Below Poverty Line (BPL) families in Mumbai, Thane, and Raigad.

●  Rural School Education Support

In the financial year 2013-14, the bank conducted community involvement activities in three villages of Nasik district to build educational infrastructure.
The three villages - Dixi, Shivare, and Kothure - are predominantly agrarian, with agriculture and related activities providing a living for more than 80% of the people.

●  Employee Volunteering:

The bank encourages employees to volunteer for charitable causes on corporate time. We also fund employees from all of our group firms to take part in Habitat for Humanity's 'Volunteer Build' homebuilding effort in rural and tribal areas. Employees help people build their homes as part of this effort, assisting them with bricklaying and painting.

●  Initiatives for the Environment

Kotak Mahindra, being one of the country's largest financial organizations, plays an important role in promoting environmental sustainability.

They encourage the use of environmentally friendly technology and processes through financing and investment decisions. They work hard to reduce their carbon footprint. They recommend that their customers use e-statements for their credit cards.

This saves paper while also allowing them to keep and retrieve statements electronically at their leisure.