Previous Close | 1,789.55 |
Open | 1,789.60 |
Bid | 1,776.35 x 0 |
Ask | 1,777.00 x 0 |
Day's Range | 1,765.05 - 1,793.60 |
52 Week Range | 1,544.15 - 1,953.00 |
Volume | |
Avg. Volume | 190,936 |
Market Cap | 3.534T |
Beta (5Y Monthly) | 0.54 |
PE Ratio (TTM) | 16.65 |
EPS (TTM) | N/A |
Earnings Date | N/A |
Forward Dividend & Yield | 2.00 (0.11%) |
Ex-Dividend Date | Jul 19, 2024 |
1y Target Est | N/A |
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.
Kotak Mahindra Bank Ltd (BOM:500247) reports a 13% YoY increase in group profit, while navigating margin pressures and regulatory challenges.