In its latest research report, Nirmal Bang, an equity research firm said that Kotak Mahindra Bank can give good returns in the short term.

According to Nirmal Bang Research, interested traders can buy the stock with a strict stop loss of Rs 720.

The report also stated that, if the counter is successful to breach 760, then it will hit a target of Rs 870.

Today (Sep 16), the shares of the company opened at Rs 759 on the Bombay Stock Exchange (BSE). The share price has seen a 52-week high of Rs 770 and a low of Rs
208.05 on BSE. Current EPS and P/E of the stock stood at 8.01 & 82.57 respectively.

Kotak Mahindra Bank, on Sep 11, has rolled out 'Aqua' is a trouble free credit card, which needs no income proof and will be provided against a subsisting or a new depository term.

The newly launched Aqua credit card lets user to avail up to 80% of the term deposit principle amount as credit limit.

The Aqua credit card has the supple characteristic of interest free cash, which caters to the temporary funding requirements of the client.

During the last month (Aug 09), Kotak Mahindra Bank and i-mint, the country's first and the biggest multi brand consumer rewards program have signed a partnership deal to unveil an employee rewards program for employees of Kotak Mahindra Bank.

The plan, which is known as "The STARS", will be rolled out with a co-branded card. Kotak's 9000+ staff will be entitled to get i-mint (STARS) points as a part of the "Appreciation and Recognition" plan.

Established in 1985, Kotak Mahindra group is an Indian financial organization, which was previously known as the Kotak Mahindra Finance Limited, a non-banking financial organization.