Kotak Mahindra Bank Shares Drop Sharply On Fall In Profits

Posted By:
Subscribe to GoodReturns

Shares in Kotak Mahindra Bank dropped sharply after the company saw its net profits decline. The shares of the bank were last trading with a fall of almost 4 per cent on the National Stock Exchange at Rs 686.

Kotak Mahindra Bank Shares Drop Sharply On Fall In Profits
The bank saw its net profits fall by almost 55 per cent to Rs 190 crore. Its non-performing assets for the quarter also saw a jump.

The bank it maybe recalled had merged with ING Vysya Bank and these were consolidated numbers. The sharp decline in net profits took analysts by surprise many of whom have a sell call on the shares.

GoodReturns.in

Read more about: kotak mahindra bank
Story first published: Friday, July 31, 2015, 11:02 [IST]
Please Wait while comments are loading...
Company Search
Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'

Find IFSC