Kotak Mahindra Bank shares rise 5% post Q4 results
Ashok Vaswani, MD and CEO of Kotak Mahindra Bank, says the impact on the bank's profitability due to the restrictions placed by RBI could be ₹300 crore to ₹400 crore.
Ashok Vaswani, MD and CEO of Kotak Mahindra Bank, says the impact on the bank's profitability due to the restrictions placed by RBI could be ₹300 crore to ₹400 crore.
Shares of Kotak Mahindra Bank hit a 52-week low of ₹1,602 in opening trade on the National Stock Exchange (NSE).
In his resignation letter, Uday Kotak says he mulled over the decision for some time and believes this is the right thing for the institution
The bank's net interest income increased 18% to ₹4,521 crore. Board recommends a dividend of ₹1.10 per equity share.