Kotak Mahindra Bank shares fell over 4% as net interest margins declined and asset quality worsened. Brokerages cut earnings estimates and target prices, citing rising NPAs and slower growth.
Kotak Mahindra Bank shares fell nearly 7% after Q2 earnings disappointed, with a 5% rise in net profit and a market valuation loss of Rs 24,801.79 crore.
Weaker loan growth, higher slippages, shrinking margins, and the RBI's restrictions on its digital banking operations impacted the bank’s Q2 performance, with brokerages warning that these challenges ...