Motilal Oswal Recommends 'BUY' for Kotak Mahindra Bank; Target Price Rs 500
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Moneycontrol•27-01-2026, 15:09
Motilal Oswal Recommends 'BUY' for Kotak Mahindra Bank; Target Price Rs 500
- •Kotak Mahindra Bank (KMB) reported a standalone PAT of INR 34.5 billion for 3QFY26, up 4.3% YoY.
- •Consolidated PAT reached INR 49.2 billion, marking a 5% YoY increase.
- •Net Interest Income (NII) grew 5.1% YoY to INR 75.6 billion, with NIMs flat at 4.54%.
- •Advances saw robust growth of 16.1% YoY, reaching INR 4.81 trillion, driven by Home Loans, Business Banking, SME, and corporate advances.
- •Deposits increased by 14.6% YoY, but the CASA ratio declined to 41.3% due to a 4% QoQ drop in the Current Account book.
Why It Matters: Motilal Oswal maintains a 'BUY' rating on Kotak Mahindra Bank with a target price of INR 500.
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