Kotak Mahindra Bank, one of the leading private sector lenders, has revised its Base Rate downward by 10bps to 9.40% p.a. with effect from October 7, 2016. 

All categories of loans (other than the exceptions permitted by RBI) will be priced with reference to the revised Base Rate.

Shares of the bank gained Rs 0.65, or 0.08%, to settle at  Rs 782.35.  The total volume of shares traded  was  56,858 at the BSE (Thursday).