HDFC Bank Vs Kotak Bank: Why One Stock Is Rallying And The Other Is Falling

HDFC Bank and Kotak Mahindra Bank are moving in opposite directions after their Q1 FY27 business updates. In this discussion, we break down why HDFC Bank shares rallied while Kotak Mahindra Bank came under pressure. HDFC Bank saw stronger credit growth, better deposit momentum and stable CASA trends, while Kotak Mahindra Bank faced muted deposit growth and a sequential decline in CASA. We also compare loan growth, deposit trends, valuations, analyst ratings and return potential for both private bank stocks. Is HDFC Bank now the stronger bet, or does Kotak Bank’s correction offer an opportunity?