Kotak Mahindra Bank500247Banking
Kotak Mahindra Bank shares climbed after posting strong Q2 growth in advances and deposits
- Advances growth
- 25 percent
- Deposits growth
- 23 percent
- FCNR(B) inflows
- 5.8 billion dollars
- Advances against FCNR deposits
- 1.7 billion dollars
- Stock move
- 33.5 percent
Heard on business television between 12:00:39 - 12:03:39 IST.
- Kotak Mahindra Bank posted 25% growth in advances and a 23% rise in deposits.
- FCNR(B) inflows were reported at $5.8 billion, with advances against these deposits at $1.7 billion.
- The stock was highlighted as the standout performer among bank updates, rising 33.5%.
- Strong numbers reported across all parameters including CASA.
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Also from Kotak Mahindra Bank
HSBC upgraded Kotak Mahindra Bank from hold to buy with a higher target price of 520 rupees, citing growth outlook after new CEO appointment; Geojit's Gaurang Shah also turned positive on the stock
7 Oct 2026
Chandan Taparia recommended buying Kotak Mahindra Bank on dips, citing strong resilience and a broader range setup
7 Oct 2026
Mitesh Thakkar gave a technical buy call on Kotak Bank stock on a fresh swing high
7 Oct 2026
Source: Live TV News Channel · 6 Oct 2026
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