Axis Bank snatches the crown of 4th largest bank from RBI-hit Kotak
Thu, Apr 25, 2024 11:40 AM

Axis Bank snatches the crown of 4th largest bank from RBI-hit Kotak

A Flip by Shubhangi Gupta
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Despite enjoying a higher valuation premium on risk management and overall governance practices, Kotak Mahindra Bank has now lost its status as the fourth largest banking stock on Dalal Street to rival Axis Bank. While Axis Bank shares were trading 4% higher on better-than-expected Q4 results, those of Kotak were trading 10% lower following a ban by RBI.

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