Meanwhile,
Kotak mahindra bank falls stock new: For example. Consequently,
Kotak mahindra bank falls stock:
The shares of the Indian Bank Kotak Mahindra experienced their strongest decrease on Monday for more than a year. However, after the publication of disappointing quarterly results which have rekindled fears of a deterioration in the quality of assets.
The title plunged 6.4 % to 1,988.60 rupees, its lowest level since mid-March, displaying the worst performance in the Indian reference index Nifty 50, which fell 0.1 %. Moreover,
Kotak Mahindra also distinguished himself as the largest loser in banking and private banks.
No less than eight analysts have lowered their course objectives on this title. however recommended for the purchase. after private banking missed quarterly profit forecasts, due to increased provisions for possible non -efficient loans.
“Pain on the quality of assets persists for Kotak.. stress in the utility vehicle segment in kotak mahindra bank falls stock new the distribution sector should still worsen,” said kotak mahindra bank falls stock Ambit analysts.
“Given such volatility. limited availability of reserve provisions. we provide that the cost of credit risk will remain high for financial year 2026,” they added.
Like several Indian banks. Kotak Mahindra is faced with an increase in non -efficient loans in the segment of unmarked credits. Its raw questionable debt ratio increased to 1.48 % of the total loans in late June, compared to 1.39 % a year earlier.
Its net margin of interest, a key profitability indicator, dropped to 4.65 % against 5.02 % previously, a consequence of the drop in guiding rates decided by the India reserve bank.
Emkay Global analysts anticipate a continuation of the contraction of the margin in the second quarter. with a gradual recovery expected from the third quarter.
When interest rates drop. banks generally quickly impact this advantage over kotak mahindra bank falls stock new borrowers, before reducing levels on deposits, which can temporarily compress margins.
Earlier kotak mahindra bank falls stock this month. the competing bank Axis Bank also published disappointing results, accentuating concerns related to the degradation of the quality of assets.
The losses recorded during this session brought back the annual increase of Kotak Mahindra to 11 %. against an increase of 10 % for the private banks index.
Kotak mahindra bank falls stock new
Kotak mahindra bank falls stock
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