Kotak Mahindra Bank rises on inking MoU with Ministry of Earth Sciences

Kotak Mahindra Bank is currently trading at Rs. 1670.65, up by 9.85 points or 0.59% from its previous closing of Rs. 1660.80 on the BSE.

kotak mahindra bank jumps up on the bourses e1634539339983
kotak mahindra bank jumps up on the bourses e1634539339983

The scrip opened at Rs. 1650.00 and has touched a high and low of Rs. 1672.55 and Rs. 1637.00 respectively. So far 26615 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. 1728.00 and Rs. 1630.00 respectively. The current market cap of the company is Rs. 331736.17 crore.

The promoters holding in the company stood at 25.98%, while Institutions and Non-Institutions held 57.46% and 16.56% respectively.

Kotak Mahindra Bank (KMBL) has signed a Memorandum of Understanding (MoU) with the Ministry of Earth Sciences (MoES), Government of India, enabling it to disburse funds for a Central Sector Scheme to the National Centre for Earth Science Studies (NCESS), Trivandrum.

The NCESS promotes technological advancement and research in the country, particularly in the field of Earth Sciences and has been designated as a Central Nodal Agency.

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.

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