Kotak Mahindra Bank eyeing MCX stake?

"We are always open to new ideas and growth opportunities for our bank. Therefore, if there is an appropriate opportunity on terms that make sense, we will certainly look at all opportunities," said Kotak.

Meanwhile, Uday Kotak, Executive Vice Chairman & MD, Kotak Mahindra Bank said today that they have not ruled out the possibility of his firm buying Financial Technologies ' stake in MCX.

Speaking after Kotak Mahindra Bank released its fourth quarter numbers, Kotak said they are open to new ideas. Speculation has been rife that Kotak is one among the interested players to invest in MCX.

Without commenting specially on MCX, on a more general note, he believes that exchanges are considered as financial infrastructure & within the Banking Regulation Act, banks are allowed freely to invest in exchange infra space by the RBI.

"If & when we are considering it or doing anything, we will definitely come & share with you," he said while ending the note.

Also read: Fin Tech rejects PwC special audit report on MCX: Sources

Kotak Mahindra stock price

On April 17, 2014, Kotak Mahindra Bank closed at Rs 791.55, up Rs 6.90, or 0.88 percent. The 52-week high of the share was Rs 811.00 and the 52-week low was Rs 588.00.

The company's trailing 12-month (TTM) EPS was at Rs 19.88 per share as per the quarter ended March 2014. The stock's price-to-earnings (P/E) ratio was 39.82. The latest book value of the company is Rs 122.79 per share. At current value, the price-to-book value of the company is 6.45.