Kotak Mahindra Bank provides a full suite of banking services to its customers encompassing Retail Banking, Treasury and Corporate Banking in India and also has a representative office in Dubai.The stock is currently trading at 4.8x of its book value, which is at a lower side when compared to a high of 5.2x in the last one year. The bank generates an ROE of 13.2%. Considering Kotak’s superior NIMs, strong CASA, a well-capitalized balance sheet and their ability to maintain a healthy asset quality over others this valuation looks justified. Hence BUY.
Kotak Mahindra Bank Ltd
Published on 14th August 2019| CMP | NA |
|---|---|
| Target Price | NA |
| Investment Period | 12 Months |
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