India's Kotak Mahindra Bank falls; analysts cite slower loan growth

Kotak Mahindra Bank

06/04/2026 06:50

** Kotak Mahindra Bank KTKM.NS falls 2.2% to 350.10 rupees

** Private lender's net advances, total deposits rise 16.2% and 5.5% y/y as of March 31 2026, respectively

** Citi says loan growth slowing slightly vs last quarter, but still tracking longer-term trend

** Adds although deposits grew well, led by current and savings accounts, it still slightly lagged peers

** Stock rated "buy" on avg; median PT is 495 rupees, per data compiled by LSEG

** YTD, KTKM down ~20%

 (Reporting by Urvi Dugar in Bengaluru)

 ((UrviManoj.Dugar@thomsonreuters.com;))