New Delhi, July 8 -- Kotak Mahindra Bank share price in focus: Shares of Kotak Mahindra Bank, one of India's leading private sector banks, jumped 4.26% to hit a 10-week high of Rs.2,241 apiece in an early trade on Tuesday, July 08, following the release of the June quarter business update, which showed a steady performance in the deposit and lending growth, even as gains in low-cost deposits moderated.

The bank, through an exchange filing on Monday, released its June quarter update, reporting a 14% YoY and 4.2% QoQ growth in lending to Rs.4.45 lakh crore. The bank's loan book at the end of the March quarter stood at 4.27 lakh crore, and the same was at Rs.3.90 lakh crore in Q1FY25.

It also reported a healthy 14.6% growth in deposits, re...