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Kotak Mahindra Bank Q3 Results Review — Dolat Capital Retains 'Buy'; Sees 31% Upside; Here's Why
Tweaking earnings with slightly lower opex, Dolat Capital retains ‘Buy’ rating with unrevised target price of Rs 2300, valuing the standalone bank at 2.4x Sep-26E adjusted book value
19 Jan 2025, 02:48 PM IST 
Kotak Mahindra Bank reported a strong quarter with healthy business growth, sequential decline in slippage ratio to 1.7%, stable net interest margin QoQ at 4.93%, and in line profitability metrics with return on asset at 2.1%.
(Photo source: Vijay Sartape/NDTV Profit)
Despite being half the size of other large private banks, Kotak Mahindra Bank's differentiated liability strategy resulted in lowest cost of fund and industry-best current account-savings account ratio, which sustained in last few years.
