Axis Bank overtakes Kotak Mahindra Bank, becomes 4th largest lender by market cap

Jaipur, April 25, 2024. Axis Bank on Thursday surpassed Kotak Mahindra Bank to become the fourth-largest banking stock on Dalal Street. Axis Bank’s shares rose by 4% due to better-than-expected Q4 results, while Kotak’s shares dropped by 10% following an RBI ban on digital customer sourcing and new credit card issuance. As a result, Kotak’s…

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