MUMBAI: The Indian stock market opened in green on Monday as buying was seen in the auto, IT and PSU bank sectors.
Kotak Mahindra Bank shares fell over 4% as net interest margins declined and asset quality worsened. Brokerages cut earnings estimates and target prices, citing rising NPAs and slower growth.
HDFC Bank Q2 earnings above estimates, profit grows 5.3% YoY to Rs 16,821 crore. Kotak Mahindra Bank Q2 profit rises 4.8% YoY to Rs 3,343.7 crore, asset quality weakens sequentially . Tech Mahindra Q2 ...
Kotak Mahindra Bank Q2 Results . Earlier on Saturday, Kotak Mahindra Bank posted a marginal 5 per cent increase in its ...
The brokerage maintains ‘Buy’ rating on the stock and raises target price to Rs 2300 which is mostly driven by improved subsidiary valuations.
Weaker loan growth, higher slippages, shrinking margins, and the RBI's restrictions on its digital banking operations impacted the bank’s Q2 performance, with brokerages warning that these challenges ...
Top private banks experience de-growth in corporate loans due to pricing issues, focusing on higher yielding bonds and SME ...
Stocks to Watch on Monday HDFC Bank: The private lender has posted a Q2 FY2024-25 profit growth of 5.3% year-on ... Gross NPA ...
At pre–open, the NSE Nifty 50 was trading 0.41% higher at 24,956.15, and the BSE Sensex was 0.67% higher at 81,770.02.
Kotak Mahindra Bank's second quarter faced several challenges, including the Reserve Bank India's embargo and a weak ...
After recording its third consecutive weekly loss, the market is likely to make a muted start with stocks like Tech Mahindra, ...
On a consolidated level, Kotak's PAT rose 13% YoY to Rs 5,044 crore. The total assets under management as of September-end ...