Kotak Mahindra Bank Shares Drop Sharply On Fall In Profits

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    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
    Kotak Mahindra Bank: Quotes, News
    BSE 1163.00BSE Quote7.1 (0.61%)
    NSE 1165.90NSE Quote12.2 (1.05%)
    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]
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