Brokerages see 30% further upside in Kotak Bank after Q2 numbers. Here’s why

Kotak reported a strong Q2FY23, outperforming 11 per cent and 4 per cent on PAT and NII, respectively. NIMs expanded 23 bps to 5.17 per cent. Loan and asset growth too came in strong at 5 per cent and 4 per cent QoQ, respectively, said Nuvama Research.