India's Kotak Mahindra Bank drops as Q1 loan, deposit growth disappoints

Kotak Mahindra Bank

06/07/2026 05:57

** Shares of Kotak Mahindra Bank KTKM.NS slip 3.3% to 383.80 rupees
** Lender reports 15.1% Y/Y loan growth in Q1, with deposits climbing 11.7% Y/Y
** Advances climb 3.2% sequentiallyy, while deposit growth remains flat on Q/Q basis; CASA deposits drop 6.7% Y/Y
** ICICI Direct analysts say muted sequential deposit growth coupled with the decline in CASA balances could keep up the pressure on the bank's funding mix and margins in the near term
** Avg rating of 38 analysts on KTKM at "buy"; median PT is 470 rupees - LSEG-compiled data
** YTD, stock down ~13% vs 2.1% drop in banks index .NSEBANK


 (Reporting by Kashish Tandon in Bengaluru)
 ((Kashish.tandon@thomsonreuters.com))