Yes, pretty damn nice.
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This may just as well be a rumor. Until the companies themselves declare this, it is just speculation.
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Speculation until actual commission of the act. If the Kotak Mahindra bank merges, most likely stock prices will rise.
Given that Kotak Bank has an average customer rating of 4.7 and Federal Bank has an average customer rating of 3.5, it is evident that Kotak Bank places a high priority on providing excellent customer service and has a simple and speedy home loan application procedure.
In short, Kotak Mahindra shares are stronger than that of federal bank, and have a strong chance of going bullish in the short term.
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| ompany Name | Price | % Chg | MCap(Cr) | TTM PE | P/B | ROE(%) | 1 Yr Perform(%) | Capital Adequacy Ratio(%) | Int. Earned(Rs.) | NIM(%) |
|---|---|---|---|---|---|---|---|---|---|---|
| Federal Bank | 132.60 | 1.77 | 27,977.41 | 11.22 | 1.43 | 10.07 | 37.34 | 15.77 | 14,381.53 | 2.83 |
| HDFC Bank | 1,438.60 | -0.70 | 801,294.31 | 19.20 | 3.22 | 15.38 | -14.18 | 18.90 | 135,936.41 | 3.64 |
| ICICI Bank | 907.15 | 2.08 | 632,304.54 | 22.04 | 4.09 | 14.04 | 20.07 | 19.16 | 95,406.87 | 3.09 |
| Kotak Mahindra | 1,902.65 | 2.10 | 377,816.50 | 28.98 | 3.92 | 12.50 | -11.25 | 22.69 | 33,740.40 | 4.05 |
| Axis Bank | 900.40 | 9.03 | 276,641.48 | 17.14 | 2.34 | 11.93 | 11.46 | 18.54 | 68,846.06 | 2.83 |
Federal Bank 1 year performance was 37.34% whilst Kotak bank was negative 11.25% - data from money control
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There could be a lot of reasons for that, if indeed it is correct. Geographies they operate in, types of loans - retail or corporate, defaults, NPAs, provisions, new branches expenditure etc.
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Hardly doubt that is a comparison.
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It is yet to see how this merger benefits a trader.