FUTURE : SELL KOTAK BANK

FUTURE

July 28, 2021
By Dipankar Sardar
112 Views 259 comments

Kotak Mahindra Bank Limited is an Indian banking & financial services company headquartered in the city of Mumbai, India. It offers banking products and financial services for corporate and retail customers in the areas of personal finance, investment banking, life insurance, and wealth management. In 1985, Uday Kotak founded what later became an Indian financial services conglomerate.^[6] In February 2003, Kotak Mahindra Finance Ltd. (KMFL), the group’s flagship company, received a banking licence from the Reserve Bank of India. With this, KMFL became the first non-banking finance company in India to be converted into a bank.^[7] . In a study by Brand Finance Banking 500 published in February 2014 by Banker magazine, KMBL was ranked 245th among the world’s top 500 banks with a brand valuation of around US$481 million and brand rating of In 2015, Kotak Bank acquired ING Vysya Bank in a deal valued at ₹150 billion (US$2.1 billion). With the merger completed, Kotak Mahindra Bank had almost 40,000 employees, and the number of branches reached 1,261.^[10] After the merger, ING Group, which controlled ING Vysya Bank, owned a 7% share in Kotak Mahindra Bank. In 2021, the bank acquired a 9.99% stake in Ferbine, an entity promoted by Tata Group, to operate a Pan-India umbrella entity for retail payment systems, similar to National Payments Corporation of India. Kotak Mahindra Prime, Kotak Mahindra Investments, Kotak Securities, Kotak Mahindra Capital .

Script Name –KOTAK BANK

Sell Price –1650

Profit Target-1635

Stop Loss-1665

Call Duration-DELEVERY

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