Jefferies, which has a ‘Buy’ rating and a price target of ₹530, said loan growth of 16% and deposit growth of 15% outpaced peers such as HDFC and ICICI, although NII growth of 5% lagged. The brokerage views Kotak’s performance as on par with peers.
Jefferies, which has a ‘Buy’ rating and a price target of ₹530, said loan growth of 16% and deposit growth of 15% outpaced peers such as HDFC and ICICI, although NII growth of 5% lagged. The brokerage views Kotak’s performance as on par with peers.