Branch2 Intelligence
Kotak Mahindra Bank Q1 Updates: Deposits Up 14%, Net Advances Rises 15%
Key takeaway
Kotak Mahindra Bank Q1 deposits up 14% YoY, advances up 15% YoY, CASA up 13% to ₹2.17 lakh crore.
- Step 11st-order: Kotak Mahindra Bank reports deposits +14% YoY and advances +15% YoY, beating expectations.
- Step 22nd-order: Strong liability franchise and credit growth improve net interest margin and fee income outlook.
- Step 33rd-order: Positive sentiment spills over to other private sector banks; PSU banks face deposit competition pressure.
Source: IN:NDTV Profit
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