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On Monday, there was a big decline in the stock market. There were many big reasons behind this decline. But among the biggest reasons, Kotak Mahindra Bank shares crash. This stock saw a decline of 7.50 percent on BSE. The special thing is that about 32 thousand crore rupees were cleared from the market cap of this bank. On the other hand, the net worth of the country's biggest banker Uday Kotak also reduced by about 8,200 crores. The company's quarterly results were due to the major decline in the stock of Kotak Mahindra Bank. In the first quarter, the bank has seen a decline of 47 percent in net profit. Due to which the bank shares have seen a decline. Let us also tell you what kind of figures have been seen in the stock market about the bank shares.

Big fall in bank shares

According to BSE data, Kotak Mahindra Bank's stock has seen a decline of 7.50 per cent and the company's stock closed at Rs 1,965.60. However, during the trading session, the company's shares also came to the lower level of the day with Rs 1,960.10. However, on Monday, the company's stock was opened with a decline with Rs 2,023. The company's stock was seen at Rs 2,124.95 on Friday. By the way, in the last one month, Kotak Bank shares have seen a decline of about 10 percent. Whereas in the current year, the bank shares have given a return of about 10 percent to investors. In the last one year, Kotak's stock has seen a jump of 9.48 percent.

Thousands of crores clear from the bank's market cap

Due to this decline, thousands of crores of rupees have been destroyed by the bank's market cap. According to BSE data, Kotak Bank's market cap was seen on Friday Rs 4,22,522.92 crore. Which came to Rs 3,90,837.93 with the closure of the stock market on Monday. This means that the bank lost Rs 31,684.99 crore in 6 hours of the business session. According to experts, the bank shares can see fluctuations in the coming days.

Uday Kotak's decrease in wealth

Uday Kotak, the founder of Kotak Bank and the country's largest bank, has also suffered a lot due to this decline. According to Forbes Real Time Billioniers Index, Uday Kotak's net worth has lost $ 944 million, or 6.22 per cent. If you look at it in the rupee, it is about 8,200 crores. After which the total net worth of Uday Kotak has been reduced to $ 14.2 billion. Uday Kotak has about 26 percent stake in Kotak Mahindra Bank. This information is based on the data available in the early months of 2025. According to some reports, the value of their stake is more than Rs 4,200 crore.