Motilal Oswal Recommends 'BUY' for Kotak Mahindra Bank; Target Price Rs 500

• Kotak Mahindra Bank (KMB) reported a standalone PAT of INR 34.5 billion for 3QFY26, up 4.3% YoY.
• Consolidated PAT reached INR 49.2 billion, marking a 5% YoY increase.
• Net Interest Income (NII) grew 5.1% YoY to INR 75.6 billion, with NIMs flat at 4.54%.
• Advances saw robust growth of 16.1% YoY, reaching INR 4.81 trillion, driven by Home Loans, Business Banking, SME, and corporate advances.
• Deposits increased by 14.6% YoY, but the CASA ratio declined to 41.3% due to a 4% QoQ drop in the Current Account book.

Why It Matters: Motilal Oswal maintains a 'BUY' rating on Kotak Mahindra Bank with a target price of INR 500.