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Context from Wikipedia on the organisations, people and places in this story.
Indian private sector bank
Kotak Mahindra Bank Limited is an Indian banking and financial services company headquartered in Mumbai. It provides services such as banking, securities, asset management, insurance and lending.
More on Wikipedia ↗SBI fell 1.77 pr cent to Rs 942.10. PNB shares were quoting 1.35 per cent lower at Rs 115.40. ICICI Bank declined 1.34 per cen to Rs 1,336.90. Union Bank and IndusInd Bank slipped 1.2-1.3 per cent.
Explore the best bank shares to buy in India for October 2026. Discover top-performing banking stocks with strong growth potential and long-term investment opportunities.
The RBI has raised the minimum daily CRR maintenance requirement to 99% from 90% from October 16 to curb banking system liquidity. Jefferies expects a limited impact on banks net interest margins, estimating a potential 1-2 basis point increase in funding costs. It prefers banks over NBFCs in a rising-rate environment…