Kotak Mahindra Bank shares jump 4% as Q2 net advances rise 25% YoY, deposits up 23%

Kotak Mahindra Bank jumps 3.7% after strong Q2 loan, deposit data

Kotak Mahindra Bank climbs 3.7% on strong Q2 deposits and loans, with bullish brokerages and robust international FCNR inflows fueling optimism.

Kotak, Axis, IndusInd Bank shares: Q2 business updates trigger sharp moves- How stocks reacted; key data details to know

Shares of Kotak Mahindra Bank, Axis Bank, and IndusInd Bank rose on October 6 after positive business updates for Q3. Advances and deposits showed healthy growth, though differences in deposit composition and CASA growth were notable for investors.

Kotak Mahindra Bank shares jump 4% as Q2 net advances rise 25% YoY, deposits up 23%

Kotak Mahindra Bank's net advances increased 25% year-on-year to Rs 5.77 lakh crore in Q2 FY27. Total deposits rose more than 23% year-on-year to Rs 6.51 lakh crore during the same period. CASA deposits reached Rs 2.49 lakh crore, reflecting an 11% growth compared to last year. Anup Kumar Saha has been appointed as the new CEO, effective January 1, 2027.

Kotak Mahindra Bank Share Price Surges Over 4% After Brokerages Retain Bullish View, Lift Target Price

Kotak Mahindra Bank share price gained after the lender reported a sharp acceleration in loan and deposit growth for the July-September quarter, prompting brokerages to turn more bullish on the stock.