Kotak Mahindra Bank Goldman Sachs Coverage August 21 2026

Mahindra Bank Limited [][SHARE PRICE URL] gained 1.37 per cent on August 21, 2026, to feature among the top performers in the Nifty Financial Services index, on a day when the broader Sensex closed virtually flat at 77,540.83 and crude above $93 continued to weigh on market sentiment. The trigger behind the August 21 buying was Goldman Sachs beginning coverage of 14 Indian banks, pointing to improving earnings prospects for private lenders, with heavyweight private lenders advancing more than 1 per cent overall and Kotak Mahindra Bank leading with a 1.1 per cent gain. Bernstein also separately published a note expecting healthy bank growth in FY27, underpinned by robust liquidity and a recovery in nominal credit growth. Key financial metrics for context: - *FY26 PAT: Rs 19,288 crore*, down from Rs 22,126 crore in FY25 due to one-off adjustments - Q4 FY26 net profit: Rs 5,423.15 crore, up 9.94 per cent year on year - Consolidated balance sheet crossed Rs 10 lakh crore in FY26 - Asset Management average AUM: Rs 5.7 lakh crore in 2026 - *CASA ratio: 43.3 per cent* in FY26 - 52-week range: Rs 345.50 to Rs 453.20 - Market cap: approximately Rs 4,00,940 crore The August 21 session also saw HDFC Life Insurance Company gain 2.36 per cent and Muthoot Finance rise 1.75 per cent in the financial services space, while BSE and Cholamandalam Finance were the index's notable underperformers on the day. MD and CEO Ashok Vaswani informed the board in June 2026 that he does not wish to seek reappointment when his term ends December 31, 2026. The board has initiated a search for a successor.