Kotak Mahindra Bank shares fall over 4% as Q2 margins slip, NPAs rise. What brokerages say
Kotak Mahindra Bank shares fell over 4% to Rs 1,793.85 on NSE after the private sector lender’s net interest margin (NIM) moderated 11 bps sequentially to 4.91% and card delinquencies drove an increase in slippage run-rate. “Factoring in slower growth and rising NPAs, we cut our earnings by 1-5% over FY25-27E, while we retain our…
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