Kotak Mahindra Bank has acquired the business loans portfolio of the Indian arm of Barclays Bank, stretching its reach to around 6,000 business loan customers with a total loan outstanding of nearly Rs 700 crore.

With the acquisition of loans portfolio, Kotak will also gain the opportunity to cross-sell the customers' products at both business and personal level.

According to the bank's statement, the loans are classified as "standard loans" as per the Reserve Bank of India's current guidelines.

Indian Stock market was trading flat on Monday morning. The BSE Sensex was marginally down at 18733 and NSE Nifty was down by 4 points at 5693. Asian markets were trading lower. Hang Seng was down by 0.3% at 22031, Straits Times was down at 3031 and Nikkei 225 was down by half per cent at 9007.

Among Indian stocks, ACC was up by nearly 2 per cent at Rs 1434. Dr Reddy's Labs and Cipla were up by 1.5% each. Kotak Mahindra Bank was also among major gainers at Rs 620.

Indian Stock market closed positive on Friday with BSE Sensex gaining 126 points at 17,783 and NSE Nifty closing at 5366. During the week, the stock markets have been positive and technical experts are seeing 5400 as major resistance for NSE Nifty. Among various sectors, BSE Auto, Consumer Durables, BSE FMCG and BSE IT indices closed positive.

FMCG major HUL touched 52-week high today. The stock touched high of Rs 505.45 and close at Rs 503, registering gain of Rs 9. Among technology stocks, Infosys, TCS, Mahindra Satyam and Tech Mahindra were among major gainers.

Market experts at KR Choksey have given a reduce rating for private banking major Kotak Mahindra Bank with a target price of Rs 545. KR Choksey research report has maintained a positive outlook for the bank for long term strong fundamentals. However, it highlights limited upside from current levels.

Private sector bank, Kotak Mahindra has reported an increase of 12 per cent in its net profits to Rs 282 crore during the first quarter of the financial year.

The net profit in the same quarter of the previous year stood at 252 crore. It said that the provisioning towards advances and receivables were at Rs 52 crore during the first quarter till June 2012 compared to Rs 13 crore during the same quarter of the previous year.

Kotak Mahindra Bank will soon be announcing quarterly results. The fast growing private bank is expected to declare positive results as per estimates of recent report by Prabhudas Lilladher. Kotak Mahindra Bank is currently trading with a P/E multiple of 41 and is hovering around its 52-week high of 612 on NSE.

India central bank, the Reserve Bank of India (RBI) has asked the promoters of Kotak Mahindra Bank, Uday Kotak to reduce their stake in the bank to 20 percent by March, 2018 from the present 45.21 percent.

“The RBI has advised the bank that the promoters’ shareholding, now at 45.21 percent, be brought down to 20 percent by March 31, 2018,” Kotak Mahindra Bank said in a press statement. The bank also said that it might be directed to reduce the promoter’s stake to 10 per cent in the bank.

India central bank, the reserve Bank of India (RBI) has asked the promoters of Kotak Mahindra Bank to reduce their stake in the bank from 45 per cent at present to 10 per cent by 2016.

Private sector bank, Kotak Mahindra Bank has announced a surprising 200 basis-point hike in its savings deposit rate for all deposits in excess of Rs 1 lakh in order to attract more deposits from its customers.

The bank will offer interest at the rate of 6 per cent for deposits above Rs 1 lakh and at 5.50 per cent for deposits below Rs 1 lakh. The revised rates will come on effect from November 01, 2011.

Technical analyst Salil Sharma has maintained 'sell' rating on Kotak Mahindra Bank Limited with a target of Rs 392.

According to analyst, the investors can sell the stock with a stop loss of Rs 411.

Mr. Salil added that it is better to sell the stock at this time as it looks weak.

Today, the stock of the bank opened at Rs 408.80 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 529.50 and a low of Rs 354 on BSE.

Technical analyst Vijay Agrawal of Unicon Financial has maintained 'buy' rating on Kotak Mahindra Bank Ltd stock with a target of Rs 480.

According to analyst, the investors can hold the stock with a stop loss of Rs 461.

The stock of the company, on November 29, closed at Rs 466.05 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 529.50 and a low of Rs 354 on BSE.

Current EPS & P/E ratio stood at 19.66 and 23.54 respectively.

Stock market analyst Kunal Saraogi has maintained 'buy' rating on Kotak Mahindra Bank Ltd stock with a target of Rs 520.

The analyst said that the investors can purchase the stock with a stop loss of Rs 460.

He also said that the stock of the bank can attain the said target in 2-3 trading sessions.

Today, the stock opened at Rs 483 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 529.50 and a low of Rs 354 on BSE.

Current EPS & P/E ratio stood at 19.66 and 24.54 respectively.

Stock market analyst Anil Manghnani of Modern Shares and Stockbrokers has maintained 'buy' rating on Kotak Mahindra Bank stock with a target of Rs 560.

Today, the stock of the company opened at Rs 485 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 529.50 and a low of Rs 354 on BSE.

Current EPS & P/E ratio stood at 19.66 and 24.52 respectively.

Stock market analyst Ramesh Arora has maintained 'buy' rating on Kotak Mahindra Bank stock with a target of Rs 870.

According to analyst, the interested investors can buy the stock with strict stop loss of Rs 842.

Today, the stock of the company opened at Rs 850 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 878 and a low of Rs 698.60 on BSE.

Current EPS & P/E ratio stood at 39.56 and 21.38 respectively.

Stock market analyst Rajesh Satpute is of the view that investors can 'sell' Kotak Mahindra Bank stock with target of Rs 780.

According to analyst, the interested investors can sell the stock with stop loss of Rs 845.

Today, the shares of the bank opened at Rs 823.65 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 878 and a low of Rs 686.30 on BSE.

Current EPS & P/E ratio stood at 39.56 and 20.59 respectively.

Leading private sector lender Kotak Mahindra Bank has announced its first quarter financial results for the fiscal year 2010. The company has posted a net profit of Rs 328 crore during the April-June quarter of fiscal year 2010-11.

This net profit figure has grown up by 27% in this quarter as compared to the same quarter in the last fiscal. This has been informed by Kotak Mahindra Bank in a filing at the Bombay Stock Exchange.

Stock market analyst Kunal Sarogi is of the view that investors can buy Kotak Mahindra Bank Ltd stock to achieve a short term target.

According to analyst, the interested investors can buy the stock with stop loss of Rs 750.

Today, the shares of the company opened at Rs 777 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 878 and a low of Rs 625 on BSE.

Current EPS & P/E ratio stood at 39.56 and 19.42 respectively.

Stock market analyst Avinash Gorakshakar is of the view that investors can hold Kotak Mahindra Bank Ltd stock for 17-18% gains.

According to analyst, the investors can achieve the stock in a period of 12 months.

Today, the shares of the company opened at Rs 755 on the Bombay Stock Exchange (BSE).

Current EPS & P/E ratio stood at 37.55 and 20.48 respectively.

The share price has seen a 52-week high of Rs 878 and a low of Rs 550 on BSE.

Stock market analyst Kunal Saraogi is of the view that investors can `hold' Kotak Mahindra Bank Ltd stock with target of Rs 830.

According to analyst, the investors can purchase the stock with stop loss of Rs 714.

Today, the stock of the bank opened at Rs 759 on the Bombay Stock Exchange (BSE). The share price has seen a 52-week high of Rs 878 and a low of Rs 550 on BSE.

Current EPS & P/E ratio stood at 37.55 and 20.11 respectively.

India's leading bank, Kotak Mahindra Bank has declared its financial results for the fourth quarter of the fiscal year 2009-10 and has managed to register an impressive net profit and revenue for the quarter. The Bank has managed to almost double its net profit this quarter.

The net profit of the firm has been reported to be Rs 203 crore for the quarter ended 31st March, 2010. It was recorded Rs 103 crore in the corresponding period of the preceding fiscal year. As per the sources the bank has managed to produce such a good show as it was being driven by low cost of funds this year.