Kotak Mahindra Bank500247Banking
Kotak Mahindra Bank stock rose 4% on strong quarterly updates showing 25% growth in advances and healthy deposit growth
- Stock move today
- 4 percent
- Advances growth
- 25 percent
- CASA deposit growth
- 15 percent
- FCNR(B) inflow
- 6 billion dollars
Heard on business television between 14:28:35 - 14:31:35 IST.
- Stock gained about 4%.
- Advances grew around 25%.
- CASA deposits grew nearly 15%, aiding low-cost funding.
- This is expected to help protect net interest margins even as $6 billion FCNR(B) inflows could pressure NIMs.
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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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