India's Kotak Mahindra Bank, RBL Bank slump
India's Kotak Mahindra Bank, RBL Bank slump as loan stress hurts Q2 earnings
Shares of India's Kotak Mahindra Bank and RBL Bank slumped on Monday as the lenders reported a jump in bad loans that hurt their second-quarter profit and margins, a trend that could continue for a few more quarters.
Kotak Mahindra Bank shares dive 7% after mixed Q2 results; Nuvama sees more downside
The stock plunged 7.21 per cent to hit a day low of Rs 1,735. Nuvama Institutional Equities has suggested a downward target price of Rs 1,615 per share.
Q2 Results Today: HDFC Bank, RBL Bank, Kotak Mahindra Bank, 19 others to declare Q2 results 2024 on Saturday — Oct 19
From established names like HDFC Bank and Tech Mahindra to emerging players like Achyut Healthcare and Nutraplus India, investors will have a plethora of financial statements to analyze.
Kotak Mahindra Bank shares fall over 4% as Q2 margins slip, NPAs rise. What brokerages say
Kotak Mahindra Bank shares fell over 4% to Rs 1,793.85 on NSE after the private sector lender's net interest margin (NIM) moderated 11 bps sequentially to 4.91% and card delinquencies drove an increase in slippage run-rate.
Kotak Mahindra Bank shares fall over 5% after Q2 earnings miss, mixed analyst views
Kotak Mahindra Bank's second quarter faced several challenges, including the Reserve Bank India's embargo and a weak macroeconomic environment.
Kotak Mahindra Bank's Q2 profit rises 5% to ₹3,344 crore
Kotak Securities reported a PAT of ₹324 crore in Q2, down from ₹400 crore YoY. Its overall market share also dipped slightly to 11.6% from 12.2%. Meanwhile, Kotak Mahindra AMC saw its PAT rise to ₹197 crore sequentially, while its assets under management (AUM) jumped by a substantial 37% YoY to reach ₹6,80,838 crore.
Kotak Mahindra Bank top Nifty loser as Q2 results disappoint Street, RBI embargo may weigh on outlook
Weaker loan growth, higher slippages, shrinking margins, and the RBI's restrictions on its digital banking operations impacted the bank’s Q2 performance, with brokerages warning that these challenges
Kotak Mahindra Bank's profit increase 5% in Q2 FY25
Kotak Mahindra Bank reported a 5% increase in standalone profit for Q2 ended September 2024, with a total profit of Rs 3,344 crore. The bank's total i
Kotak Mahindra Bank shares dive 7% as Q2 earnings disappoint, analysts cut target price
Kotak Mahindra Bank shares dropped 7.2% to ₹1,735 after disappointing quarterly results. Analysts downgraded the target price on the stock amid concerns over unsecured portfolio stress and declining margins.
Kotak Mahindra Bank Q2 Earnings: Muted Result, What Led To Weak Performance? | Management View
Kotak Mahindra Bank's Q2 earnings result was muted, leading to weak performance. According to Devang Gheewalla of Kotak Bank Ltd, the acquisition of Standard Chartered will help aid net interest margins (NIMs).
Kotak Mahindra Bank Q2 results: Net profit rises 5% to Rs 3,344 crore, misses market estimates
Kotak Mahindra Bank's Q2 FY25 net profit missed Street expectations, but net interest income surpassed estimates. The bank said its Gross Non Performing Assets also shrunk year-on-year.
Kotak Mahindra Bank Q2 Results: Net profit below estimates as RBI ban, rise in NPA bite
Kotak Mahindra Bank reported a 5% increase in standalone profit to Rs 3,344 crore for the quarter ended September 2024, ...
Kotak Mahindra Bank Q2 net profit rises 5% to ₹3,344 crore
Kotak Mahindra Bank Ltd. for the second quarter ended September 30, 2024 reported 5% year-on-year growth in net profit at ...
Q2 results, global trends to drive market sentiment this week
Quarterly earnings and global trends are expected to impact market sentiment this week, with notable Q2 results from HDFC ...