27 Jan 2026 | 3 Mins Read
Kotak Mahindra Bank shares plummet despite Q3 results
Flipitmoney
Kotak Mahindra Bank shares fell 4% despite meeting Q3 expectations, as higher employee costs from the new Labour Code weighed on sentiment. NII rose 5% YoY, provisions were lower, and PAT grew 7% YoY. Credit costs eased to 0.63% with better asset quality. Brokerages stayed mixed: IIFL ‘Add’, Jefferies ‘Buy’, Nomura ‘Neutral’.