BSE - Delayed Quote INR

Kotak Mahindra Bank Limited (KOTAKBANK.BO)

2,073.90

-4.85

(-0.23%)

At close: May 28 at 3:29:45 PM GMT+5:30

India's Kotak Mahindra Bank drops on worries over higher credit costs, soft loan growth

Analysts at Investec called Kotak's loan growth of 13% "a tad softer", while BofA analysts said the loan growth momentum was a "key disappointment." BofA also downgraded Kotak Mahindra Bank's stock to "neutral". Meanwhile, Bernstein analysts said Kotak saw yet another quarter of higher credit costs, which was a key surprise, especially as its peers reported stable or improving credit costs.

Reuters 23 days ago

KOTAKBANK.BO
-0.23%
Kotak Mahindra Bank Ltd (BOM:500247) Q4 2025 Earnings Call Highlights: Strong Profit Growth ...

Kotak Mahindra Bank Ltd (BOM:500247) reports a 21% rise in consolidated profit, while navigating challenges in unsecured lending and leveraging digital innovations.

GuruFocus.com 24 days ago

KOTAKBANK.BO
-0.23%
India Kotak Mahindra Bank's Q4 profit drops more than expected on higher provisions

India's Kotak Mahindra Bank on Saturday reported a larger-than-expected 14% drop in quarterly profit as provisions for potential bad loans surged, offsetting solid loan growth. The Mumbai-based private lender's standalone net profit - which excludes earnings from its subsidiaries - rose to 35.52 billion rupees ($420.36 million) in the three months to end-March. Kotak's provisions and contingencies, or funds set aside for potential bad loans, tripled to 9.09 billion rupees.

Reuters 25 days ago

KOTAKBANK.BO
-0.23%
India's RBI lifts ban on Kotak issuing credit cards, enrolling clients digitally

MUMBAI/BENGALURU (Reuters) -The Reserve Bank of India said on Wednesday that it had lifted its 10-month-old order barring Kotak Mahindra Bank from onboarding new clients digitally and issuing fresh credit cards due to gaps in its IT infrastructure. This is the latest example of India's central bank easing restrictions on lenders and non-banking financial companies - initially imposed to tighten risk controls and protect consumer interests - after the institutions improved compliance. For Kotak to be able to issue new credit cards is pivotal because the unsecured loan segment is a high-yielding one and the RBI's move could help the bank in terms of fee income as well as net interest income, said Vinit Bolinjkar, head of research at Ventura Securities.

Reuters 3 months ago

KOTAKBANK.BO
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Kotak Mahindra acquires personal loan portfolio from Standard Chartered

The final acquisition value is Rs33.3bn, down from the initially indicated Rs41bn.

Retail Banker International 4 months ago

KOTAKBANK.BO
-0.23%

SCBFF
Kotak Mahindra Bank Ltd (BOM:500247) Q3 2025 Earnings Call Highlights: Strong Profit Growth ...

Kotak Mahindra Bank Ltd (BOM:500247) reports a 10% increase in consolidated profit, with robust capital adequacy and asset growth despite facing credit strain in microfinance.

GuruFocus.com 4 months ago

KOTAKBANK.BO
-0.23%
India's Kotak Mahindra Bank Q3 profit rises 10% on higher lending income

India's Kotak Mahindra Bank on Saturday reported a 10% rise in quarterly profit as it boosted lending, although provisions for potential bad loans surged. The Mumbai-based private lender's standalone net profit - which excludes earnings from its subsidiaries - rose to 33.05 billion rupees ($382 million) in the three months to end-December, in line with an LSEG consensus estimate. Its net interest income, the difference between what a bank earns on loans and pays out on deposits, rose 10% to 71.96 billion rupees.

Reuters 4 months ago

KOTAKBANK.BO
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India's Kotak Mahindra Bank's Milind Nagnur steps down as COO, CTO

He served as managing director at Citigroup for over a decade until 2018 and worked as CTO at the U.S.-based fintech firm Early Warning, before joining Kotak, according to his LinkedIn profile. During his tenure in April, the Reserve Bank of India (RBI) had imposed restrictions on the bank, which are still in force, from adding clients through its online and mobile banking channels, and from issuing credit cards, due to gaps in its IT infrastructure. The RBI said it took action after its examination of Kotak's IT systems in 2022 and 2023 raised concerns that Kotak failed to address adequately.

Reuters 4 months ago

KOTAKBANK.BO
-0.23%
India's Kotak Mahindra Bank, RBL Bank slump as loan stress hurts Q2 earnings

Shares of India's Kotak Mahindra Bank and RBL Bank slumped on Monday as the lenders reported a jump in bad loans that hurt their second-quarter profit and margins, a trend that could continue for a few more quarters. Kotak's shares slid as much as 6% to a near two-month low in early trade, while those of RBL tumbled 14% to their lowest since June 2023. Kotak's slippages, or the proportion of good loans turning bad, jumped 38% on-quarter for the July-September period, while mid-sized lender RBL's slippages were 10.26 billion rupees, almost doubling from a year ago and up nearly 43% from the prior quarter.

Reuters 7 months ago

RBLBANK.NS

KOTAKBANK.BO
-0.23%
Kotak Mahindra Bank Ltd (BOM:500247) Q2 2025 Earnings Call Highlights: Strong Profit Growth ...

Kotak Mahindra Bank Ltd (BOM:500247) reports a 13% YoY increase in group profit, while navigating margin pressures and regulatory challenges.

GuruFocus.com 7 months ago

KOTAKBANK.BO
-0.23%
StanChart sells India personal loan business to Kotak Mahindra Bank

StanChart's personal loan book had an outstanding of 41 billion rupees ($488 million) as of Sept. 30, Kotak Mahindra Bank said. India's personal loan market has become intensely competitive amid strong consumer demand.

Reuters 7 months ago

KOTAKBANK.BO
-0.23%

SCBFF
India's top private lenders see farm loan defaults rising amid weak rural economy

Top Indian private lenders are seeing more farmers and rural borrowers delay loan repayments as unpredictable weather impacts output and rising agricultural costs stretch their incomes further, according to quarterly earnings reports and a dozen bankers. The largest five private banks have reported greater bad loan additions in the June quarter, mostly driven by rising dues in agriculture and microfinance loans, which are popular in rural areas. Microfinance loan disbursal slowed in April-June due to general elections and heatwaves, Sumant Kathpalia, chief executive officer of IndusInd Bank said last week, adding that rural areas were still recovering from impact of the pandemic.

Reuters 9 months ago

KOTAKBANK.BO
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Kotak Mahindra says Hindenburg was not an investor in its fund

Kotak Mahindra International Limited said on Tuesday that U.S. short-seller Hindenburg Research has never been an investor in the K-India Opportunities Fund. Kotak was responding to allegations that Hindenburg colluded with its client Kingdon Capital Management and used a Kotak group offshore fund to short Adani group shares last year. "The Fund was never aware that Hindenburg was a partner of any of its investors," Kotak said in a media statement.

Reuters 10 months ago

KOTAKBANK.BO
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New Indian govt won't increase borrowing in July budget, says Kotak Mahindra Bank

A weaker majority for the Prime Minister Narendra Modi-led alliance may increase welfare spending but not result in additional borrowing, limiting a rise in bond yields, a top executive at India's Kotak Mahindra Bank said. Modi's Bharatiya Janata Party failed to get an outright majority in the recently concluded parliamentary elections, making them dependent on support from regional parties to form a government. That raised concerns that the new government will take populist measures, which will increase spending and could, in turn, see additional borrowing pressure.

Reuters 11 months ago

KOTAKBANK.BO
-0.23%

Performance Overview

Return	KOTAKBANK.BO	S&P BSE SENSEX (^BSESN)
YTD	+16.10%	+4.06%
1-Year	+21.97%	+8.17%
3-Year	+6.83%	+48.15%

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Kotak Mahindra Bank Limited (KOTAKBANK.BO)

India's Kotak Mahindra Bank drops on worries over higher credit costs, soft loan growth

Kotak Mahindra Bank Ltd (BOM:500247) Q4 2025 Earnings Call Highlights: Strong Profit Growth ...

India Kotak Mahindra Bank's Q4 profit drops more than expected on higher provisions

India's RBI lifts ban on Kotak issuing credit cards, enrolling clients digitally

Kotak Mahindra acquires personal loan portfolio from Standard Chartered

Kotak Mahindra Bank Ltd (BOM:500247) Q3 2025 Earnings Call Highlights: Strong Profit Growth ...

India's Kotak Mahindra Bank Q3 profit rises 10% on higher lending income

India's Kotak Mahindra Bank's Milind Nagnur steps down as COO, CTO

India's Kotak Mahindra Bank, RBL Bank slump as loan stress hurts Q2 earnings

Kotak Mahindra Bank Ltd (BOM:500247) Q2 2025 Earnings Call Highlights: Strong Profit Growth ...

StanChart sells India personal loan business to Kotak Mahindra Bank

India's top private lenders see farm loan defaults rising amid weak rural economy

Kotak Mahindra says Hindenburg was not an investor in its fund

New Indian govt won't increase borrowing in July budget, says Kotak Mahindra Bank

Performance Overview