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Kotak Mahindra Drops After Bad Loans Catch Investors by Surprise

Kotak Mahindra Bank Drops After Bad Loans Surprise Investors Bloomberg 1/25/2021 Rahul Satija © Bloomberg Kotak Mahindra Bank Ltd. logo is displayed at the company s head office at the Bandra Kurla Complex in Mumbai, India, on Sunday, Jan. 28, 2018. India s economy is expected to grow at 6.75 percent this year on the back of a recovery in second half of the year, Chief Economic Adviser Arvind Subramanian said in the Economic Survey presented in Parliament on Nov. 29. (Bloomberg) Shares of Kotak Mahindra Bank Ltd. dropped after investors expressed concerns over the level of bad loans held by India’s third-largest lender by market value.

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