Muted loan growth at SBI and Kotak Bank reflects caution. Will FY26 see a credit revival?

Muted loan growth at SBI and Kotak Bank reflects caution. Will FY26 see a credit revival?

SBI and Kotak reported slower loan growth in FY25. SBI trades at a discount to peers, while Kotak's valuation premium is supported by its higher RoA and expected rebound in unsecured lending.