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Kotak Mahindra Bank shares fall over 3% after Q1 update; advances jump 15% to Rs 5.12 lakh crore
Kotak Mahindra Bank's shares dipped over 3% following its Q1 FY27 business update. While net advances saw a healthy 15% year-on-year jump to Rs 5.12 lakh crore, and total deposits grew nearly 12%, a sequential slowdown in deposit growth and a dip in current and savings account deposits may have concerned investors. The bank also recently announced the acquisition of Deutsche Bank's India retail and wealth management business.
Kotak Bank Share Price Live Updates: Kotak Bank's Struggles Continue Below Support Level
Stocks To Watch Today: HDFC Bank, Kotak Mahindra Bank, Yes Bank, Axis Bank, Dabur, Godrej Consumer Product, Vedanta & More
Here's a look at stocks that are likely to be in focus during the trading session on Thursday.
Kotak Mahindra Bank Q1 net advances rise 15%, total deposits up nearly 12%
Kotak Mahindra Bank reported Q1 business growth: advances up 15.1%, CASA up 10.2%, total deposits up 11.7%. It will acquire Deutsche Bank's India retail, private, wealth businesses for Rs 281.7 crore.
Kotak Bank Share Price Live Updates: Kotak Bank's three-month performance
Dividend Alert! Last day to buy M&M, Swaraj Engines, 31 other stocks to earn payouts up to Rs 110
Investors have a final chance today to buy shares in 33 companies, including Mahindra & Mahindra, Tech Mahindra, and Union Bank, to qualify for upcoming dividend payouts. With July 3rd set as the record date, today is the last opportunity to secure these dividends. Notable payouts include Mahindra & Mahindra's Rs 33 per share and Swaraj Engines' Rs 110 per share, among many others.
Kotak Bank Share Price Live Updates: Kotak Bank shines with solid returns
Management churn in banks: Business as usual, or should you be worried?
Kotak Institutional Equities said that the recent management changes at HDFC Bank, Axis Bank and Bandhan Bank appear to be driven by individual career considerations rather than bank-specific concerns
Kotak Mahindra Bank shares up after Deutsche Bank India retail business acquisition, brokerages positive - BusinessLine
Kotak Mahindra Bank shares up after Deutsche Bank India retail business acquisition, brokerages positiveBusinessLine
Inside the leadership change at Kotak Mahindra Bank
The new CEO of the bank will have his task cut over, after taking charge from incumbent Ashok Vaswani.
Kotak Mahindra Bank's Deutsche Deal Gets Brokerages' Nod; Integration Flagged As Key Risk
Kotak Mahindra Bank has said the acquisition is a strategic fit that adds a high-quality customer franchise, experienced teams and greater scale in its chosen growth segments, with management prioritising disciplined integration and customer continuity.
Kotak Mahindra Bank to acquire Deutsche Bank’s India retail unit - Investing.com
Kotak Mahindra Bank to acquire Deutsche Bank’s India retail unitInvesting.com