A few lenders including IndusInd Bank, Bank of Baroda (BoB) and Kotak Mahindra Bank (KMB) recently issued business updates for the September quarter (Q2FY26). Nomura has shared its key takeaways and stock views post these updates.

Kotak Mahindra Bank

Kotak Mahindra Bank reported a solid performance in its pre-quarterly update, with net advances rising 15.8 per cent YoY and 4.0 per cent QoQ. Average net advances grew 14.6 per cent YoY and 4.0 per cent QoQ. Advertisement

Total deposits grew 14.6 per cent YoY and 3.1 per cent QoQ (period end), while average deposits were up 14.4 per cent YoY and 3.7 per cent QoQ. CASA deposits saw a healthy 11.2 per cent YoY and 6.7 per cent QoQ growth, improving the CASA ratio by 144 basis points QoQ to 42.3 per cent. The loan-to-deposit ratio (LDR) rose

See Full Page