Kotak Mahindra Bank shares fall 3.5% after Q1; brokerages see up to 28% upside despite margin pressure

Kotak Mahindra Bank’s provisioning credit cost almost halved to 0.46%, while its provisions declined 45%, providing a strong boost to its profitability. While the bank’s net profit beat estimates, its net interest margins (NIM) witnessed compression but was in-line with estimates.