Previous Close | 1,871.05 |
Open | 1,850.00 |
Bid | 0.00 x 0 |
Ask | 0.00 x 0 |
Day's Range | 1,735.00 - 1,855.00 |
52 Week Range | 1,543.85 - 1,942.00 |
Volume | |
Avg. Volume | 4,659,930 |
Market Cap | 3.557T |
Beta (5Y Monthly) | 0.54 |
PE Ratio (TTM) | 16.75 |
EPS (TTM) | 106.84 |
Earnings Date | Jan 18, 2025 - Jan 22, 2025 |
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.