{
  "id": 12311890,
  "title": "Kotak Mahindra Bank jumps 3.7% after strong Q2 loan, deposit data",
  "url": "https://urgent.news/2026/10/06/kotak-mahindra-bank-jumps-3-7-after-strong-q2-loan-deposit-data",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-06T05:30:18.000Z",
  "source": {
    "name": "Hindu BusinessLine",
    "slug": "hindu-businessline",
    "url": "https://www.thehindubusinessline.com/markets/stock-markets/kotak-mahindra-bank-jumps-37-after-strong-q2-loan-deposit-data/article71550048.ece"
  },
  "original_language": "en",
  "account": "Kotak Mahindra Bank's shares surged 3.7% on Tuesday, trading at ₹431.30, up from Monday's close of ₹416. The bank reported strong Q2 loan and deposit data, with net advances rising 24.7% year-on-year and deposits increasing 23.2% YoY. The boost came from $5.78 billion in FCNR(B) deposits and corresponding advances, along with an expanded term deposit base due to FCNR inflows. Analysts from Citi and Goldman Sachs maintained a Buy rating with target prices of ₹465 and ₹540 respectively, citing impressive loan growth and potential acceleration in unsecured loan growth.",
  "summary": "The stock opened at ₹422, touched a high of ₹434.40 and has seen traded volumes of 153.20 lakh shares worth ₹658.94 crore so far in the session",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 3,
    "also_reported_by": [
      {
        "outlet": "The Economic Times - Top News",
        "title": "Kotak Mahindra Bank shares jump 4% as Q2 net advances rise 25% YoY, deposits up 23%",
        "url": "https://urgent.news/2026/10/06/kotak-mahindra-bank-shares-jump-4-as-q2-net-advances-rise-25-yoy",
        "published": "2026-10-06T03:49:47.000Z"
      },
      {
        "outlet": "Hindu BusinessLine",
        "title": "HDFC Bank shares flat, Bernstein maintains outperform rating with ₹1,150 target",
        "url": "https://urgent.news/2026/10/06/hdfc-bank-shares-flat-bernstein-maintains-outperform-rating-with-1",
        "published": "2026-10-06T05:43:39.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}