Axis Bank Surpasses Kotak Mahindra Bank to Become Third-Largest Private Lender
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CNBC TV18•27-01-2026, 17:18
Axis Bank Surpasses Kotak Mahindra Bank to Become Third-Largest Private Lender
- •Axis Bank's market capitalization reached ₹4.10 lakh crore, marginally exceeding Kotak Mahindra Bank.
- •The surge followed strong quarterly earnings, signaling improved growth visibility and asset quality.
- •Axis Bank shares rallied 5% on Tuesday, January 27, marking its biggest single-day gain since October 2024.
- •Brokerages like Citi and Nuvama upgraded Axis Bank, citing better loan growth and asset quality.
- •Kotak Mahindra Bank's stock declined due to weaker-than-expected Q3 earnings and higher operating expenses.
Why It Matters: Axis Bank has overtaken Kotak Mahindra Bank as India's third-largest private lender by market cap.
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