Kotak Mahindra Bank

The Kotak Group has been in the business for 35 years, and Kotak Mahindra Bank for 17 years now.

The financial services of the Bank have a wide reach across 1,600 branches in India. Kotak also has a presence in Singapore, London, the USA and the Middle East through its international arms.


Strong capital position and balance sheet

Kotak’s strategy has always been centred around risk adjusted returns and a sharp focus on return of capital.

These factors have contributed to business stability and led to one of the most robust portfolios in the industry, with low Non-Performing Assets (NPAs) and a strong capital position.

 


In FY 2019-20 the Bank is delighted to have recorded a 20% growth in deposits and 44 lakh new 811 accounts. Kotak Mahindra Bank will seek, in this crisis, to prioritise the  security of customers’ money and to honour their trust.

 


 

Pioneer

The best sailors are constantly learning, pushing their limits and mapping new routes around the world. They redefine old practices and create the new. They not only survive dangers, but also discover and develop skills for moving ahead faster and with more confidence.

  • Digitally acquiring new customers

  • Open Banking

  • Process automation

  • Mutual Fund (Kotak Asset Management Company)

  • Stock Broking (Kotak Securities Limited)

  • Kotak General Insurance (KGI)

  • Kotak Life Insurance (KLI)

  • CRM (Customer Relationship Management) for sales teams


Technical Analysis

Breakout after consolidation seen on the chart. Bullish Chart

Support = 1113/1207/1302/1397/1462

Resistance = 1467/1550

Buy on dips for a target 1550

 


For Option Seller

Create Bull Spread

Sell 1300 PE 24 Sep 2020 @10.10

Buy 1240 PE 24 Sep 2020 @4.60

 

 


 

Kotak Mahindra Bank

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