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Business Standard
5 days ago
- Business
- Business Standard
Kotak Mahindra Bank shares rally on robust loan, deposit growth in Q1
Private sector lender Kotak Mahindra Bank's shares rallied close to 4 per cent on Tuesday, following its quarterly business update, wherein the bank reported robust growth in advances and deposits for the quarter ended June 2025 (Q1FY26). Shares of the bank closed at ₹2,224.5 on the BSE on Tuesday, up 3.61 per cent. In its quarterly business update, the bank reported 14 per cent year-on-year (Y-o-Y) and 4.2 per cent sequential growth in net advances to ₹4.44 trillion in Q1. During the same period, the bank's net deposits rose 14.6 per cent Y-o-Y and 2.8 per cent quarter-on-quarter (Q-o-Q) to ₹5.12 trillion. 'Kotak (standalone), in its pre-quarter update, reported 14 per cent Y-o-Y (4 per cent Q-o-Q) loan growth and about 15 per cent Y-o-Y (2.8 per cent Q-o-Q) deposit growth. These were better than our expectations and also better than private peers,' said Macquarie Research in its note. It added that with Y-o-Y system deposit and loan growth at about 10 per cent levels (as on June 13, 2025), the reported numbers (of the bank) are encouraging. While low cost deposits — current account savings account (Casa) — growth of the private sector lender was 8 per cent Y-o-Y in Q1 to ₹2.09 trillion, sequentially it reported a drop of 2.2 per cent. Meanwhile, analysts have pointed out that Kotak Mahindra Bank has the largest share of external benchmark-linked loans among peers, at 60 per cent of its loan book. HDFC Bank has 45 per cent of its loan book linked to the external benchmark-linked loan rate (EBLR), while ICICI Bank and Axis Bank have 53 per cent and 54 per cent, respectively. With the front loading of rate cuts, focus shifts on the extent of margin compression in Q1 and the coming quarters. 'We factor in a 15 basis points (bps) Q-o-Q margin decline in Q1', Macquarie Research said. At the end of Q4FY25, the bank reported a net interest margin (NIM) of 4.97 per cent, down from 5.28 per cent in the corresponding period a year ago. '…going forward, the bank has levers on the liability side to navigate through the rate-cut cycle. These include repricing of the savings book and sweep deposit book, strong growth in Casa balances and reduction in term deposit rates. Further commentary around the credit cost trajectory, slippages trend in the unsecured segment (including MFI) remains a key monitorable,' the report further said.
Mint
27-06-2025
- Mint
Samsung Galaxy S26 series may outpace iPhone 17 with higher RAM offering: Report
Samsung's upcoming Galaxy S26 series, expected to debut soon, could feature a substantial upgrade in memory, according to a new leak. The flagship smartphone lineup, expectedly comprising the standard Galaxy S26, Galaxy S26+, and Galaxy S26 Ultra, may come equipped with up to 16GB of RAM, a notable increase over their predecessors. Leaked information shared by tipster Jukan Choi (@Jukanlosreve), referencing data from Macquarie Research, suggests that Samsung plans to offer 16GB RAM variants of all three Galaxy S26 models globally. This could be a considerable jump from the current Galaxy S25 series, where only the Galaxy S25 Ultra comes with 16GB RAM, and that too only in select regions such as South Korea and China. The base Galaxy S25 and Galaxy S25+ models are presently limited to 12GB RAM configurations. The reported memory enhancement appears aimed at supporting Samsung's expanding suite of Galaxy AI tools, which are expected to play a major role in the S26 series. Increased RAM could also improve multitasking, gaming, and overall system performance, positioning Samsung's next-gen flagships more competitively against rivals, particularly Chinese brands like OnePlus and Red Magic, which already offer smartphones with up to 24GB of RAM. The leak also sheds light on Apple's future plans. The iPhone 17 series, likely to launch in September, could introduce a 12GB RAM option across its lineup, including the iPhone 17, iPhone 17 Air, iPhone 17 Pro, and iPhone 17 Pro Max. This would mark a step up from the 8GB RAM currently found in the iPhone 16 range. However, Apple's iPhone 18 series, tipped for release next year, is expected to maintain the same 12GB RAM configuration. As competition intensifies in the premium smartphone segment, memory upgrades are becoming increasingly crucial to support new AI-powered experiences and demanding user tasks. If the leak holds true, Samsung's Galaxy S26 series could gain a notable edge by offering higher memory across its entire lineup.
