Archive for March 11th, 2008

Kotak Mahindra Bank

Private sector banks, particularly Kotak Mahindra Bank, are in news that RBI is reviewing the conducting a scrutiny / review to check the equity exposure of the banks and their possible impact on their earnings. Needless to say, the banking stocks of most private banks has an impact. While the stock of KMB came back into the green, leaders ICICI Bank and HDFC Bank are in the red.

Bank Nifty is at 7232.25 compared to previous closure of 7272.50 and is down -0.55%. Kotak Mahindra Bank stock is trading at Rs. 600.00, touched a high of 622.00 and low of 581.60.

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