KOTAK MAHINDRA BANK Q2 NUMBERS
Nifty Bank climbs Mt 53K; here are important levels to track on Friday
The index hit a record high of 53,180, but pared most of the intraday gains and ended with a loss of 59 points at 52,811. IndusInd Bank, Axis Bank and Kotak Mahindra Bank were among top gainers while selling was seen in IDFC First Bank, Bandhan Bank, AU Small Finance Bank and PNB.
F&O stocks to buy today: ICICI Bank, Biocon among top 6 trading ideas for 27 June 2024
Experts suggest buying opportunities in stocks like Indus Tower, ICICI Bank, Grasim Industries, and Kotak Mahindra Bank for short-term traders, as per recommendations on ETNow.
Credit Card issuance soars despite worries over unsecured loans
Credit card base in India grew 18% YoY to reach 103 million, with HDFC bank adding the most new cards. However, Kotak Mahindra bank saw a sharp drop amid RBI restrictions. Card spending also grew 17% YoY to reach Rs 1.65 trillion. The credit card industry has seen a continuous decline due to caution about large unsecured loans and asset quality issues.
Nifty charts projecting 25,200 by December, says ICICI Securities. Top 94 stock picks
ICICI Securities' technical analysis forecasts Nifty reaching 25,200 by December 2024, supported strongly at 22,200. Midcaps and smallcaps indices are in a structural uptrend, expected to gain over 16% by year-end.
Gold loan interest rates in June 2024: Latest gold loan interest rates of 24 banks
A gold loan is a secured loan that allows you to leverage the value of your gold ornaments or jewelry to obtain funds. Latest gold loan interest rates offered by banks in June 2024.
Adani Ports enters Sensex, Wipro exits as part of semi-annual rejig
Adani Ports joins Sensex as Wipro exits. The inclusion of APSEZ brings $259 million in passive inflows. Seven stocks' weights to rise: Bharti Airtel, Infosys, Kotak Mahindra Bank, ICICI Bank, Tech Mahindra, Tata Steel, and IndusInd Bank.
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Block deals worth over Rs 40,543 crore this week. Indus Towers, HAL, Suzlon Energy among stocks with major action
Despite the Nifty index closing the shortened trading week with a slight increase of 0.4%, significant activity was observed in block deals. Over three dozen companies across various market caps saw block deals worth a total of ₹40,543 crore, involving both buying and selling.
Adani Ports to enter Sensex on Monday, Wipro to exit as part of semi-annual rejig
Adani Ports’ Sensex inclusion will trigger passive inflows of $259 million and 14.9 million shares are expected to be added, according to Nuvama’s estimates. Wipro’s exclusion could see outflows of $170 million.
Pause on the cards: Fintechs may take a hit as most banks stay away from BBPS
RBI mandates credit card bill payments through BBPS, but only 8 of 34 banks are live on the network, causing concern among payment companies like PCI for an extension.
Bulls Charge Ahead: Investors reap over ₹1 L cr as Sensex, Nifty hit new highs
The 30-share BSE Sensex rose 141 points to settle at 77,479. The broader NSE Nifty gained 51 points to end at 23,567. From the Sensex pack, JSW Steel, Tata Steel, ICICI Bank, Reliance Industries, and Kotak Mahindra Bank emerged as the top gainers, each rising over 1%. Conversely, Sun Pharma, M&M, NTPC, SBI, and Wipro were the top laggards. The Nifty Pharma index fell by 0.5%, primarily due to a 2.2% drop in heavyweight Sun Pharma's shares after its Dadra facility received a warning letter from the US drug regulator.
Sensex, Nifty off to a muted start tracking Asian peers
The BSE Sensex was trading 64 points, or 0.08%, higher at 77,454. The Nifty50 was up 4 points, or 0.02%, trading at 23,520 around 9:27 am.
Sensex extends record closing run to 4th session; Nifty slips below 23,550 levels
From the Sensex pack, Axis Bank and HDFC Bank were the top gainers, rising over 3% each. ICICI Bank, Kotak Mahindra Bank, IndusInd Bank, and SBI were other top index gainers. On the flip side, Titan, Bharti Airtel, Maruti, L&T, and NTPC were the top laggards.
Interest certificate for filing ITR: How to download interest certificate from SBI, HDFC Bank, ICICI Bank, Canara Bank, Axis Bank
Interest certificate for filing ITR: Here is how to download interest certificates from top banks such as SBI, HDFC Bank, ICICI Bank, Canara Bank, Axis Bank, and Kotak Mahindra Bank.
Kotak Bank bets big on MSME loan uptick
Kotak Mahindra Bank is optimistic about the MSME segment's demand for working capital and term loans in the second half of the fiscal year, driven by rural development initiatives under PM Modi.
Personal loan interest rates June 2024:Which bank is offering the lowest interest rate on personal loans
Personal loan interest rates June 2024: The interest rate on a personal loan varies across lenders and is determined by several criteria, such as the borrower's credit score, loan amount, and loan duration. Here is a list of banks' personal loan interest rates on different amounts.
Top 5 stocks held by most number of mutual funds
Every week ET Wealth put about 3,000 stocks through four key filters and rate them on a mix of factors. The end result of this is the listing of the top 50 stocks based on the composite rating to help ease your fortune hunt. (Data as on 6 June 2024; Source: Value Research)
Banks report higher NPA provisioning in Q4
For the 12 public sector banks (PSBs) in the sample, the aggregate provisioning for non-performing assets (NPA) fell by a tad 0.7% year-on-year to Rs 15,157.8 crore.
F&O stocks: Kotak Mahindra Bank, ICICI Lombard among 5 stocks with short buildup
In Tuesday's trading session, the following five stocks witnessed a build of fresh short positions. Let us first understand how this conclusion is reached that whether the stock has seen a buildup of fresh short position or not. To understand it we have to look at what “short selling” means.
Unstoppable bull run! Sensex, Nifty hit fresh lifetime highs led by gains in RIL & banking stocks
Indian benchmark equity indices, Sensex and Nifty50, reached fresh record highs on Monday with Sensex hitting the 77,000 mark.
Weaker BJP in power won't increase borrowing in July budget, says Kotak Mahindra Bank
Budget 2024: A weaker majority for Prime Minister Narendra Modi's alliance may lead to increased welfare spending without the need for additional borrowing, potentially limiting a rise in bond yields, according to a senior executive at Kotak Mahindra Bank . The government is expected to utilize a large dividend from the Reserve Bank of India for welfare schemes, rather than increasing gross borrowing in the upcoming budget. Despite concerns of populist measures, the executive rules out a supply cut in bonds and forecasts the 10-year benchmark yield to remain below 7.10% over the next six months.
4 easy ways to repay a huge credit card bill
Credit cards can be a useful tool for financial management, but overspending can lead to challenging debts. Here are tips to efficiently pay credit card bills.
Heatwave shaves 2% off loan collections in May
Soaring temperatures and elections impacted loan collections in May, with lenders experiencing a drop in efficiency. They expect a rebound with the onset of the monsoon season.
ETMarkets Fund Manager Talk: Q4 results in line with expectations, domestic cyclicals leading the way: Shibani Sircar Kurian
The March quarter earnings growth was driven by BFSI, Auto, technology, and oil and gas, with smallcaps rallying on retail liquidity. Shibani Sircar Kurian discussed the risk in the broader market for FY25. Nifty companies reported 13% earnings growth. PSUs are favored pre-elections. Capex in power, defence, and infrastructure is expected to continue.
Private capex in India to pick up in H2 of FY25; hotel, tourism to drive investment: Kotak Bank Chief Economist
Private sector investment is set to increase in the latter half of the fiscal year, particularly in sectors like hotels and tourism, following extensive government-led infrastructure development efforts. The government's enhanced capital expenditure has supported economic growth post-Covid, with private sector capex expected to rise significantly in the coming months.
Hero MotoCorp shares surge 6% after Q4 results. Should you buy, sell or hold?
Hero MotoCorp Share Price: Hero MotoCorp shares surged 6% after Q4 results, with net profit up 18% to Rs 1,016.05 crore. Brokerages remained positive: Jefferies expects double-digit industry revenue growth, maintains 'buy'; BofA sees potential in Hero 2.0 strategy, sets target price of Rs 5,400; Kotak retains 'sell' rating.
Kotak Bank shares jump 4% as Q4 beat makes investors overlook angry RBI to upgrade stock
Kotak Bank Share Price: Kotak reported 18.22% year-on-year (YoY) increase in its standalone profit for the quarter ended March 2024 to Rs 4,133.30 crore while its net interest income (NII) in Q4 rose 13% YoY to Rs 6,909 crore.
Kotak Mahindra Bank net up 18% in Q4
Kotak Mahindra Bank is stepping up efforts and investments to resolve technology concerns raised by the banking regulator and regain approval to resume normal operations, said Ashok Vaswani, managing director and chief executive officer, on Saturday.
Kotak Mahindra Bank Q4 Results: PAT jumps 18% YoY to Rs 4,133 crore, beats estimates
Kotak Mahindra Bank Q4 Results: Net interest income in Q4 rose 13% YoY to Rs 6,909 crore. The bank's board announced a dividend of Rs 2 per share. Its advances increased 20% YoY to Rs 391,729 crore as of March-end while customer assets, which comprises advances and credit substitutes, increased 20% YoY to Rs 423,324 crore.
Q4 Results Today: DMart, Kotak Mahindra Bank among 16 companies to announce earnings
Other companies which will also release the numbers include The Anup Engineering, Birla Corp, Golkonda Aluminium, Hitch Energy Batteries, IDBI Bank, Jammu and Kashmir Bank, Kansai Nerolac Paints, Nagarjuna Fertilisers, Nila Infrastructure, Raw Edge, Sambhav Media, Vijay Textiles and Zen Technologies.
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