Kotak, Axis, IndusInd Bank shares: Q2 business updates trigger sharp moves- How stocks reacted; key data details to know
AI Summary
The robust growth in advances and deposits reported by Kotak Mahindra Bank and Axis Bank indicates a positive trend for the private banking sector, suggesting strong demand for credit in the economy. However, the disparity in CASA and term deposit growth could signal a shift in funding strategies that investors should monitor closely, as it may affect banks' cost of funds and profitability in the long run. Retail investors should consider these dynamics when evaluating their positions in these banks, especially in light of the recent volatility in their stock prices.
Shares of leading private-sector lenders Kotak Mahindra Bank, Axis Bank and IndusInd Bank witnessed strong momentum on Tuesday, October 6, after the banks released their provisional business updates for the September quarter. The updates showed healthy growth in advances and deposits across the three lenders, although differences in deposit composition and CASA growth remained key factors for investors to assess.
Kotak Mahindra Bank shares jumped as much as 4% to the day's high of ₹432.75 on the BSE, while IndusInd Bank share price rose as much as 2.3% to its intra-day high of ₹902.80. Moreover, Axis Bank gained 1.7% to ₹1,244.40.
Original Article
Published on Livemint
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This is a market news update from Livemint, published on 06 October 2026.
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