Motilal Oswal Recommends Buy on Kotak Mahindra Bank; Target Rs 2500

• Motilal Oswal recommends 'Buy' for Kotak Mahindra Bank with a target price of Rs 2500.
• KMB maintains disciplined growth, focusing on retail and SME-led expansion.
• NIMs expected to be range-bound near-term; 25bp rate cut impact seen in 4QFY26.
• Funding costs may ease with ActivMoney sweep deposits, despite term-deposit lag.
• Robust return ratios projected: RoA/RoE at 2%/12.7% by FY27E, ensuring earnings stability.

Why It Matters: Motilal Oswal advises buying Kotak Mahindra Bank, projecting strong returns and a Rs 2500 target.