Kotak Bank deposit growth may be hit, shares fall 11%

Mumbai: Kotak Mahindra Bank, India’s third-biggest private lender by market value, may see a moderation in deposit growth and a marginal drop in the share of low-cost deposits in FY25 as it shifts focus on fixing its IT systems following regulatory curbs, said banking analysts. The stock was both the biggest loser and most actively traded in the country Thursday.