VERIFIEDET Markets·6 Jul 2026negative

Kotak Mahindra Bank shares fall over 3% after Q1 update; advances jump 15% to Rs 5.12 lakh crore

AI Summary

·Kotak Mahindra Bank shares fell over 3% after its Q1 FY27 business update.
·Net advances increased 15% year-on-year to Rs 5.12 lakh crore, with total deposits growing nearly 12%.
·The bank announced the acquisition of Deutsche Bank's India retail and wealth management business.