Kotak Mahindra Bank gains on inking pact with Indian Institute of Science
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Kotak Mahindra Bank is currently trading at Rs. 1923.15, up by 17.40 points or 0.91% from its previous closing of Rs. 1905.75 on the BSE.
The scrip opened at Rs. 1915.00 and has touched a high and low of Rs. 1927.20 and Rs. 1911.50 respectively. So far 14607 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 2048.95 on 16-Feb-2021 and a 52 week low of Rs. 1231.20 on 25-Sep-2020.
Last one week high and low of the scrip stood at Rs. 1927.20 and Rs. 1795.10 respectively. The current market cap of the company is Rs. 377914.62 crore.
The promoters holding in the company stood at 26.00%, while Institutions and Non-Institutions held 57.39% and 16.61% respectively.
Kotak Mahindra Bank has entered into partnership with the Indian Institute of Science to set up a state-of-the-art Artificial Intelligence & Machine Learning (AI-ML) Centre at the IISc campus. Spread across approximately 1,40,000 square feet, the Kotak-IISc AI-ML Centre will offer Bachelor's, Master's and short-term courses in areas such as artificial intelligence, machine learning, deep learning, fintech, reinforcement learning, image processing and computer vision.
The Centre, established under KMBL's CSR project on Education & Livelihood, will also promote research and innovation in AI and ML and develop the talent pool from across the country to provide cutting-edge solutions to meet industry's emerging and future requirements.
Kotak Mahindra Bank offers a wide range of banking products and financial services for corporate and retail customers through a variety of delivery channels and specialized subsidiaries in the areas of personal finance, investment banking, life insurance, and wealth management.
