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Kotak Mahindra Bank

Buy Kotak Mahindra Bank shares

KOTAK MAHINDRA BANK (BOM: 500247) Shares

ABOUT KOTAK MAHINDRA BANK

Kotak Mahindra Bank (KOTAKBANK) is an Indian private sector bank with headquarters in Mumbai, Maharashtra, that offers banking products and financial services for corporate and retail customers through a variety of delivery channels and specialised subsidiaries in personal finance, investment banking, general insurance, life insurance, and wealth management.

Kotak Mahindra Bank was established in 2003 when the Reserve Bank of India (RBI) issued a license to Kotak Mahindra Finance Ltd to carry on with banking business, making the latter the first non-banking finance company in India to be converted into a bank.

In 2019 Kotak Mahindra Bank was the second largest Indian private sector bank by market capitalisation.

OVERVIEW OF KOTAK MAHINDRA BANK

  • Kotak Mahindra Bank Limited provides a large range of banking services. The treasury, BMU and corporate centre segments deals in debt, equity, money market, forex market, derivatives, and investments. The primary dealership of government securities and balance sheet management unit is responsible for asset liability management.

  • Its retail banking segment offers commercial vehicle finance, personal loans, home loans, agriculture finance, and other loans or services. This segment also provides savings, current and term deposit accounts; branch banking network and services.

  • Kotak Mahindra Bank’s corporate or wholesale banking segment provides wholesale borrowings and loans and other related services to the corporate sector while its vehicle financing segment offers retail vehicle finance and wholesale trade finance to auto dealers.

  • As of September 2019, they had a network of 1 512 branches and 2 429 ATMs and branches in GIFT City and DIFC, Dubai.

VISION & VALUES OF KOTAK MAHINDRA BANK

  • Kotak Mahindra Bank‘s philosophy guides its efforts to conduct business in an ethical, responsible and transparent manner. Kotak Mahindra Bank strives to develop hassle-free banking facilities for customers, thereby enhancing their experience.

  • This philosophy includes enhancing the accessibility of its products and services for the marginalised sections of society.

  • Kotak Mahindra Bank has set up multiple channels of communication with its stakeholders for meaningful dialogue, leading to enhanced value creation and they monitor key environmental aspects of operations across large offices to manage its carbon footprint while expanding its operations year on year.
  • Kotak Mahindra Bank commits to its value chain to ensure it reaches its set goals, meet current and future needs of customers and maximises returns, income growth and capital appreciation for shareholders who purchase shares with them.

MARKET PERFORMANCE OF KOTAK MAHINDRA BANK

  • Kotak Mahindra Bank’s shares trade on the Bombay Stock Exchange (BSE) under the stock symbol BOM: 500247, listed in the Business Sector: Banks. Kotak Mahindra Bank is also listed on the National Stock Exchange of India (NSE) as KOTAKBANK.

  • Highlights of Kotak Mahindra Bank’s performance include net profit of 2399 Crores INR and EPS of 12.61 INR for the quarter ending September 2019.

  • Annual results for the year ending March 2019 saw net income of 71.2 billion INR and EPS of 37.78 INR. Market Cap as at November 2019 was 42.44 billion USD or 3,031.45 billion INR.

  • Due to Kotak Mahindra Bank’s performance shareholders can buy or sell shares and expect sound dividends and returns during 2022 and in future.

LATEST NEWS KOTAK MAHINDRA BANK

Buy KOTAK MAHINDRA BANK stocks / shares – A Step by Step Guide how to Buy / Purchase KOTAK MAHINDRA BANK  Stocks or Shares online.

Before buying any stock or share one has to consider a few factors.

STEP 1: PROPER RESEARCH IS ESSENTIAL

Upon deciding you want to buy KOTAK MAHINDRA BANK Stocks / Shares, it is critical for the serious investor to do proper research into the said company. Its values should align with those of the investor’s current portfolio. An investor needs to familiarise himself with the basics and history of the company, as well as its leadership and performance in the market. Its company reports should also be scrutinized.

Consultation with a brokerage firm can also assist in determining whether investing in a specific company will complement the investor’s current portfolio. The investment “risk ladder”, which identifies asset classes based on their relative riskiness, is another useful tool when determining which company’s stock / share is the best to buy.

STEP 2: CALCULATE THE AMOUNT OF INVESTMENT IN KOTAK MAHINDRA BANK STOCKS / SHARES

It is important for an investor to monitor his total investment in stock in order to keep his portfolio aligned to his investment strategy. The overall value of his holdings will change with the fluctuation in stock prices, which can throw his portfolio off balance. To determine the amount to invest, multiply the number of shares of each stock by its current market price to determine the total investment in that specific stock. For example, if you own 100 shares of a US Dollar 5 stock, multiply 100 by US Dollar 5 to get US Dollar 500.

STEP 3: DECIDE ON THE STOCK / SHARE ORDER TYPE

Investors can choose from a market order, a limit order, a stop order (also referred to as a stop-loss order) or a buy/sell stop order. It is important to familiarise yourself with each type’s pros and cons before deciding which one will suit your current stock profile best. An investor should be guided in this choice by his investment objective.

STEP 4: OPEN A BROKERAGE ACCOUNT

A brokerage account – also known as taxable investment account – is similar to a retirement account, but more flexible. Where a retirement account has limitations on the amount of money that can be contributed annually, and restrictions on when funds can be withdrawn, a brokerage account is more flexible. The latter has no income or contribution limit and the investor can withdraw his money at any given time. This flexibility, together with its potential investment gains, makes a brokerage account more attractive to serious investors. Brokerage accounts are ideal for goals or savings that are further than five years away, but closer than retirement. It can also supplement an investor’s emergency savings.

STEP 5: COMMIT AND PURCHASE KOTAK MAHINDRA BANK STOCKS / SHARES

Lastly, commit to the stock. Pro Tip: Monitor the value of your stock to ensure you have a growing stock value and dividend pay-out.  Regularly check the share price online to ensure your investment delivers a positive return on investment. You are now a proud owner of KOTAK MAHINDRA BANK stocks / shares.

5 Questions to ask yourself before purchasing any stocks or shares.

  1. Is it the best time to buy this stock / share?
  2. Should I buy KOTAK MAHINDRA BANK stocks / shares in the current economic climate?
  3. Can I afford to buy this stock / share?
  4. What is the forecast of the stock / share growth?
  5. What is the current price per earning ration on the stock / share?

 

Author Details

Louis Schoeman

Louis Schoeman

Featured Forex and Stocks writer

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