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Kotak Mahindra Bank Stock Fundamental Analysis - Financial Results & Equity Research | Investyadnya Stock-o-Meter

Kotak Mahindra Bank

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About

Bank was first established as a Non Banking Financial Company and had a tie-up with Mahindra & Mahindra for the purpose of vehicle financing and was named Kotak Mahindra Finance back then. In February 2003, Kotak Mahindra Finance Ltd, the group's flagship company was given the license to carry on banking business by the Reserve Bank of India (RBI). This approval created banking history since Kotak Mahindra Finance Ltd. is the first non–banking finance company in India to convert itself into a bank as Kotak Mahindra Bank Ltd. Major Subsidiaries of the bank are Kotak Mahindra Prime, Kotak Mahindra Investments, Kotak Securities, Kotak Mahindra Capital, Kotak Mahindra Life Insurance, Kotak Mahindra General Insurance, Kotak AMC, Kotak Investment Advisors, Kotak Capital Company. The company is being promoted by Uday Kotak and promoter holding stands at 25.99% as of 31 Dec 2021.

Highlights

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Relaince Group

Sector: Refineries

Market Price

2,529.50

Market Cap(₹Cr.)

2,529.50

-90.00

Quarterly Results ( Figures in Rs. Crores.)

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Shareholders more than 1%

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Overview

Established in 1985, the Kotak Mahindra group has been one of India's most reputed financial conglomerates. In February 2003, Kotak Mahindra Finance Ltd, the group's flagship company was given the license to carry on banking business by the Reserve Bank of India (RBI). This approval created banking history since Kotak Mahindra Finance Ltd. is the first non-banking finance company in India to convert itself in to a bank as Kotak Mahindra Bank Ltd. Today, the bank is one of the fastest growing bank and among the most admired financial institutions in India.

Business area of the company:

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.

Awards

2012-2013

Best Managed Board by Aon Hewitt-Mint Study 2012

Best Bank Award in New Private Sector Bank category by Financial Express

Uday Kotak, Executive Vice President and Managing Director received the Special Award for his contribution in the growth of India's equity markets at India's Best Market Analyst Awards 2012 by Zee Business

New Indian Express Group conferred Uday Kotak with the Runner-up award for Best Banker -Growth and Expansion at The Sunday Standard FINWIZ 2012 Best Bankers' Awards

Among Forbes Asia's 'FAB 50' list in 2012 for the 3rd consecutive year

Rated among the Top 25 Best Employers in India for three consecutive studies conducted since 2007 by Aon Hewit

Recognised among the Top 10 Companies for Leaders to Work, in Asia Pacific, in a study conducted by RBL Group, Aon Hewitt and Fortune in 2011

CFONEXT 100 Awards recognised the following among top 100 professionals to stand out as CFOs in the years to come:

R. Krishnan, Kotak Mahindra Asset Management Company

2013-2014

Uday Kotak - Ernst & Young Entrepreneur of The Year India Award

Best Medium Sized Bank of the Year Award by Businessworld

Best Bank - Emerging Banks by Outlook Money

Ranked among top 5 Best Ranked Companies for Corporate Governance Practices in IR Global Ranking

NSDL (National Securities Depository Limited) award in Best Performer in Account Growth Rate Category 2013, for Demat Accounts

Kotak Junior ad film adjudged Best Banking Ad Worldwide 2013, by Bank Innovation - a leading global blog on banking

EMC Transformers Award 2013 for Innovative implementation of storage technologies in the Bank

Green IT Enterprise Award 2013 by CIO Forum and Schneider Electric for various power saving techniques implemented in Data Center. Kotak Mahindra Bank was amongst the Top 10 in the 'Top 10 Large Enterprises' category

2014-2015

Best Prepaid Card Programme' at Financial Inclusion & Payments System (FIPS) 2014 for Kotak Samruddhi

9th most valuable brand in India in the BrandZ's 50 most valuable Indian brands ranking

Best Local Cash Management Bank in India (6th year in a row) in the Asiamoney Cash Management Poll 2014 (For small and medium enterprises)

Excellence in Security under 'Security in Bank' category at the Data Security Council of India Excellence Awards 2014

Amit Jain (KMBL), Gaurav Sarayan (KMBL) and Prateek Diwan (KMCC) - Among the top 37 talented people in The Economic Times Young Leaders List, selected from across some 20000 executives

2015-2016

Bullion Bank of the Year at the 4th India Bullion and Jewellery Awards 2016 by India Bullion and Jewellers Association (IBJA)

BFSI Digital Innovators Award in the Digital Pioneer category for Kotak Bharat App by Financial Express

Bombay Stock Exchange (BSE) recognised Kotak Mahindra Bank on the occasion of Muhurat Trading as one of the top 3 Performers in Primary Market Segment (Debt Public Issue Bids - Banks) (FY 15-16)

Best Local Cash Management Bank in India in the mid-cap space at Asiamoney Cash Management Poll 2016

Runner-up in the New Private Sector Bank 2014-15 category at FE Best Bank's Awards, awarded in 2017

Kotak Mahindra Bank's Annual Report for FY2015-16 announced as Gold Competition Class Winner at LACP Vision Awards - Winter 2017 session in the Commercial Banks category

2016-2017

Kotak 811 and biometric account opening recognised with an award at IBA's Banking Technology Awards 2018

811 recognised with the Bronze Award in the Mobile App category at the 2017 SMARTIESTM APAC Awards

811 recognised as the Best Corporate Innovation Award at India Fintech Forum 2017

811 named as winner at the 6th Edition of Banking Frontiers' Finnoviti Awards 2018

Kotak Mahindra Bank's Annual Report for FY 2016-17 emerged as winner in Category II – Private Sector Banks by the Institution of Chartered Accountants of Indian (ICAI) at ICAI Awards for Excellence in Financial Reporting 2016-17

NetApp Innovation Award 2018 in the Enterprise Mobility Category

2019-2020

Kotak Mahindra Bank recognised as Best Domestic Bank at the AsiaMoney Best Bank Awards 2019: India

The Tata Mumbai Marathon 2019 Philanthropy Awards Nite recognised:

Kotak Mahindra Bank as the Highest Fund Raising Corporate  

KVS Manian, President -Corporate, Institutional and Investment Banking as the TMM Legend

Shanti Ekambaram, President - Consumer Banking as the Change Icon

Manish Kothari, Senior Executive Vice President & Business Head - Corporate Banking as the Change Champion.

Milestones

1985: Kotak Mahindra Finance commences bill discounting business.

1987: Entry into hire and purchase business.

1990: Launch of auto finance division for financing passenger cars.

1991: Investment banking division established.

1995: Launch of KMCC, a joint venture with Goldman Sachs Group for investment banking.

1996: Launch of Kotak Mahindra Primus Ltd. (now Kotak Mahindra Prime Ltd.), a joint venture with Ford Credit.

1998: India’s first gilt fund launched through Kotak Mahindra Asset Management Company (KMAMC).

2001: Launch of Kotak Mahindra old Mutual Life Insurance Ltd. in partnership with old Mutual PLC.

2003: KMFL becomes India’s first non-banking finance company to be converted into a commercial bank.

2004: Kotak Mahindra Group enters alternate asset business with the launch of a private equity fund.

2005: The Kotak Mahindra Group realigns its joint venture with Ford Credit International (FCI). Under the realignment, the group gains complete ownership of Kotak Mahindra Prime (KMP) by acquiring the 40% stake previously held by FCI. At the same time, the group also sells its stake in Ford Credit Kotak Mahindra Ltd. (FCKM) to FCI, thereby giving Ford 100% ownership of the company.

2006: Kotak Mahindra Group buys out Goldman Sach’s equity stack in KMCC and Kotak Securities Ltd.

2008: Opening of bank’s representative office in Dubai.

2009: Launch of pension fund under India's National Pension System (NPS).

2014: Innovative solutions such as Jifi and KayPay launched for digital and social media.

2014: Acquisition of 15% equity stake in Multi Commodity Exchange of India Ltd. (MCX).

2015: RBI approves merger of ING Vysya Bank with Kotak Mahindra Bank effective from April 01, 2015.

2015: Kotak Mahindra General Insurance receives IRDA Approval to commence insurance business.

2016: Acquisition of 10,00,000 equity shares of institutional investor Advisory Services India Ltd.

2016: Acquisition of 9,83,82,022 (19.90%) equity shares of Airtel M Commerce Services Ltd. Co.(AMSL).

2017: Kotak Mahindra Bank acquires BSS Microfinance Private Ltd.

2018: Buyout of 26% old Mutual plc UK (OM) stack in Kotak Mahindra Old Mutual Life Insurance Ltd.

2018: Launch of Kotak Mahindra Debt Fund Ltd.

2019: Kotak Mahindra Bank inks pact with TollPlus.

2019: Kotak Mahindra Bank launches first international branch in Dubai.

2019: InstantPay, one of India's largest inclusive and neo banking platform, has entered into a strategic partnership with Kotak Mahindra Bank’s subsidiary -- Kotak Mahindra Life Insurance Company.

2019: Pine Labs partners with Kotak Mahindra Bank to enable EMIs on Kotak debit cards.

2020: Kotak Mahindra Bank launches ‘ATM on Wheels’ facility in Mumbai.

2020: Kotak Mahindra Bank launches 'ATM on Wheels' facility in Delhi-NCR region.

2020: Kotak Mahindra Bank launches video-based KYC to open account remotely

2020: Kotak Mahindra Bank collaborates with Innoviti Payment Solutions.

2020: Kotak Mahindra Bank launches Cardless Cash Withdrawal Facility through ATMs.

2020: Kotak Mahindra Bank launches Kotak Digi Home Loans.

KOTAK MAHINDRA BANK FUNDAMENTAL ANALYSIS

Kotak Mahindra Bank (incorporated in 1985) earlier started as Kotak Mahindra Financial Limited and in 2003, became the first non-banking financial company to be converted into a commercial bank with its headquarter at Mumbai, Maharashtra and has the market cap of 277299.75 Crore. It offers various banking products and financial services for corporate and retail customers in areas like personal finance, investment banking, life management and wealth management.

It is one amongst the fastest growing banks and the most admired financial institutions in India. As of 31st March 2019, Kotak Mahindra Bank Limited is the second-largest private sector bank in terms of market capitalization, the bank has 1600 branches and 2519 ATMs covering 744 major cities of India.

The bank has a total of 19 subsidiaries, this includes overseas subsidiaries with their offices in Mauritius, London, Dubai, Singapore, San Francisco & New York. The overseas subsidiaries are mainly engaged in investment advisory and investment management of funds, equity & debt trading, management of GDR/ FCCB issuances, broker & broker-dealer activities and investments.

Kotak Mahindra Bank is listed on all the famous stock exchanges of India like National Stock Exchange Ltd., The Stock Exchange, Mumbai, MCX Stock Exchange and many more. The Kotak Mahindra Bank believes in mutual respect and transparency and the staff is trained to be simple, straightforward, down-to-earth and approachable.

MERGERS & ACQUISITIONS

In 2015, Kotak bank Acquired ING Vysya Bank with a share exchange ratio of 725 equity shares of Kotak Mahindra Bank Ltd, for every 1,000 equity shares of ING Vysya Bank Ltd. The deal valued at ₹150 billion (US$2.1 billion), and with this deal, the total employment jumped almost to 40,000 and the total branches reached 1,261. On 31 March 2015, the Reserve Bank of India approved this transaction with effect from 1 April 2015. ING Group, who controlled ING Vysya Bank Ltd., owned 7% shares in Kotak Mahindra Bank Ltd., after the merger.

SERVICES 

Kotak Mahindra Bank is one of the leading banks and financial services groups in India.  It offers a wide range of banking and financial services including investment banking, personal banking, general insurance, life insurance, and wealth management. 

The banking services provide two types of deposit accounts, savings account and current account. These services offer different types of saving and current accounts to its customers to serve their financial needs. 

Financial services or financial assisting programs offered by Kotak Mahindra Bank in the form of personal loan, home loan, car loan, education loan or gold loan. Kotak Mahindra Bank offers the gold loan to its customers for easy financing at attractive interest rates. Customers can pledge all types of gold ornaments/coins which are 18 carats and above.

Kotak Bank provides its customers with investment services or plans like fixed deposit and recurring deposit. The fixed deposit scheme is one of the best investment options to invest your money with an interest rate as high as 7%. Also provides recurring deposit schemes for a minimum of 6 months and the max. of 10 years. 

The best and common banking facilities provided by Kotak bank to serve and assist its customers are 24*7 customer support, net banking, phone banking and balance enquiry. Also provides card services, with 20 different types of credit cards and 15 types of debit cards to its customers designed to provide various benefits in the form of rewards and cashback. They also provide features (differs from card to card) like unlimited withdrawals at ATMs, lost liability cover, personal or accident insurance, and many more. 

MILESTONES

2016 - 

Kotak Mahindra Bank Acquires 10,00,000 Equity shares of Institutional Investor Advisory Services India Limited, 9,83,82,022 (19.90%) Equity Shares of Airtel M Commerce Services Limited Company (AMSL).
Kotak Mahindra Bank launches International Banking Unit in Gujarat International Finance Tec-City (GIFT City), Gandhinagar, Gujarat.
Kotak Mahindra Bank Acquires BSS Microfinance Private Limited

2015 - 

Reserve Bank of India (RBI) approves merger of ING Vysya Bank with Kotak Mahindra Bank effective April 1, 2015
Kotak Mahindra General Insurance Receives IRDAI Approval To Commence Insurance Business

2014 - 

Launched 'Jifi', and the world's first bank agnostic instant funds transfer platform using Facebook - 'KayPay'.
Kotak Mahindra Bank acquires 15% equity stake in Multi Commodity Exchange of India Limited (MCX)
Kotak Mahindra Asset Management Company Ltd. acquires schemes of Pinebridge Mutual Fund

2009 - 

Kotak Mahindra Group launches a pension fund under India's National Pension System (NPS)

2005 - 

Acquired ING Vysya Bank with a share exchange ratio of 725 equity shares of Kotak Mahindra Bank Ltd, for every 1,000 equity shares of ING Vysya Bank Ltd.
Kotak Alternate Assets launches a real estate fund

2003 - 

Kotak Mahindra Finance Ltd. (KMFL), the group's flagship company, received a banking licence from the Reserve Bank of India (RBI).
Brands Of Kotak Mahindra Bank

Brands Of Kotak Mahindra Bank

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