 "Kotak Mahindra Bank")
Goldman Sachs has said that the market capitalisation (m-cap) of Kotak Mahindra Bank (Kotak Bank) can top the $100-billion mark by 2026-27 (FY27) since the private sector lender is “geared up for the next phase of transformation”.
In a note, the brokerage has upgraded the stock to ‘buy’, with a target price of Rs 2,135.
Shares of Kotak Bank rose 2.64 per cent on Wednesday to end at Rs 1,707, valuing the lender at $42.8 billion (Rs 3.4 trillion).
“The key debates have been the bank’s risk appetite and its ability to deliver sustainable growth by utilising excess capital
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