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Bloomberg Quint

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Kotak Bank Shares Hit Over One-Month High After Q1 Deposits Rise

  • Kotak Mahindra Bank's share price reached a one-month high after reporting its Q1 business update.
  • Net advances of the bank rose 14.0% year-on-year to Rs 4.45 lakh crore, with total deposits increasing by 12.9% to Rs 5.13 lakh crore.
  • CASA deposits grew by 8% year-on-year to Rs 2.1 lakh crore, contributing to the bank's positive performance.
  • Kotak Bank's share price surged 4.27% to Rs 2,241.5 apiece, the highest level since April 29, making it a top performer in the NSE Nifty 50.

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