Kotak Mahindra Bank gains on signing MoU with GIFT SEZ
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
Kotak Mahindra Bank is currently trading at Rs. 1895.50, up by 3.70 points or 0.20% from its previous closing of Rs. 1891.80 on the BSE.
The scrip opened at Rs. 1868.00 and has touched a high and low of Rs. 1896.15 and Rs. 1849.60 respectively. So far 54194 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 2252.45 on 27-Oct-2021 and a 52 week low of Rs. 1627.25 on 30-Jul-2021.
Last one week high and low of the scrip stood at Rs. 1974.00 and Rs. 1849.60 respectively. The current market cap of the company is Rs. 373677.35 crore.
The promoters holding in the company stood at 25.99%, while Institutions and Non-Institutions held 57.55% and 16.46% respectively.
Kotak Mahindra Bank (KMB) has signed a Memorandum of Understanding (MoU) with GIFT SEZ for boosting financial services ecosystem at International Financial Services Centre (IFSC) at Gandhinagar.
This will enable both to work together towards greater enhancement of the financial services ecosystem in GIFT IFSC for Alternative Investment Funds (AIFs) and Global Custody Services. According to the MoU, one area of focus will be to ease market access and cross border activities for the fund management community.
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.
