Kotak Mahindra Bank's share price on Thursday, was down by 9 per cent or 176 rupees per share reaching Kotak Mahindra bank share price to 1,666 per share on the nse., Markets News - Times Now
ICICI Bank was the top gainer in the opening session, up around 1 per cent, after the private sector lender's Q2 net profit jumped 36 per cent year-on-year to Rs 10,261 crore on higher core income and lower provisions.
Uday Kotak, who stressed on the importance of competition within sectors and a stronger role for the Competition Commission of India, said that the entry of Jio into financial services is a good thing.
Shares of private sector lender Kotak Mahindra Bank declined nearly 4 per cent in initial trade on Monday after the company's June quarter results failed to cheer investors.