Tag: Kotak

Block deals worth over Rs 12,045 crore this week. Kotak Bank, Vodafone Idea among stocks with major action

 stock analyst  04/27/2024  0 Comments on Block deals worth over Rs 12,045 crore this week. Kotak Bank, Vodafone Idea among stocks with major action

In the large cap segment, 15 companies witnessed significant block deals on the screen which were worth Rs 6,046 crore led by Kotak Mahindra Bank with 29 block counts, totalling to Rs 1,310 crore.

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Asia’s richest banker Uday Kotak loses $1.3 billion after RBI’s ban

 stock analyst  04/25/2024  0 Comments on Asia’s richest banker Uday Kotak loses $1.3 billion after RBI’s ban

Kotak Bank shares tumbled as much as 13% on Thursday after it was barred from adding new customers through its digital channels and from issuing fresh credit cards. As the largest shareholder with a stake of almost 26%, the billionaire founder bore the heaviest brunt from the selldown, the most in four years.

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Kotak Mahindra Bank shares crash 12% after RBI crackdown. Should you buy, sell or hold?

 stock analyst  04/25/2024  0 Comments on Kotak Mahindra Bank shares crash 12% after RBI crackdown. Should you buy, sell or hold?

Kotak Mahindra Bank\’s shares plunged 12% to Rs 1,620 after RBI halted new customer onboarding and credit card issuance. Brokerages slashed target prices due to concerns over online channel reliance and potential long-term growth impact.

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