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Kotak Mahindra Bank Q2 Net Advances Jump 25 Percent And Deposits Rise 23 Percent
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CNBC TV18•05-10-2026, 16:49
Kotak Mahindra Bank Q2 Net Advances Jump 25 Percent And Deposits Rise 23 Percent
- •Kotak Mahindra Bank reported strong business growth for the September quarter with net advances rising 24.7 percent year-on-year to 5.77 lakh crore rupees.
- •Total deposits increased 23.2 percent year-on-year to reach 6.51 lakh crore rupees by the end of the quarter.
- •Current account savings account deposits rose 11.3 percent year-on-year to touch 2.49 lakh crore rupees.
- •Sequential growth was also robust with net advances increasing 12.7 percent and total deposits rising 13.7 percent from the previous quarter.
Key Questions Answered
Kotak Mahindra Bank reported that its net advances rose 24.7% year-on-year to ₹5.77 lakh crore as of September 30, while total deposits increased 23.2% year-on-year to ₹6.51 lakh crore according to its provisional business update.
The bank's end-of-period balances include foreign currency non-resident deposits of $5.78 billion, or approximately ₹55,344 crore, under the Reserve Bank of India's swap facility along with related advances of $1.68 billion.
Shares of Kotak Mahindra Bank ended 0.4% lower at ₹416.50 ahead of the business update on Monday, with the stock declining over 6% for the year and about 3% over the trailing 12-month period.
