27 Oct 2025 | 3 Mins Read
Buy Kotak Mahindra Bank; Rs 2480 target: broker Prabhudas Lilladher
Flipitmoney
Kotak Mahindra Bank saw a mixed quarter with a 5.3% beat in core PAT due to lower opex, but elevated credit costs from write-offs. Loan growth was 4.0% QoQ, mainly driven by corporate and housing/SME, while recovery growth was slower at -1.5% QoQ. Opex growth is expected to normalize to 16% in FY27/28.