Kotak Mahindra Bank Shares Rise 4% on Strong Q2 Growth
Kotak Mahindra Bank shares increased by over 4% after the bank reported strong second-quarter business performance. Citi notes gross advances grew 24.7 percent year-on-year and 12.7 percent sequentially, significantly ahead of its estimates.
7 per cent sequentially, significantly ahead of its estimates. Shares of Kotak Mahindra Bank rose more than 4 per cent on Tuesday after the lender reported a strong second-quarter business update, with advances and deposits showing gains.