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Kotak Mahindra Bank said the September 30 balances included FCNR(B) deposits of $5.78 billion, equivalent to around Rs55,344 crore, under the Reserve Bank of India's swap facility.
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Moneycontrol•06-10-2026, 09:48
Kotak Mahindra Bank Shares Surge Nearly 4 Percent on Strong Q2 Growth
  • •Shares of Kotak Mahindra Bank jumped nearly 4 percent in opening trade on Tuesday.
  • •Net advances rose 24.7 percent year-on-year to Rs 5.77 lakh crore as of September 30, 2026.
  • •Total deposits increased by 23.2 percent year-on-year and 13.7 percent quarter-on-quarter to Rs 6.51 lakh crore.
  • •CASA deposits saw an 11.3 percent year-on-year growth, reaching Rs 2.49 lakh crore.
  • •The September 30 figures remain provisional and are subject to a limited review by statutory auditors.
Read Full Article on Moneycontrol in English

Key Questions Answered

Shares of Kotak Mahindra Bank jumped nearly 4% in opening trade on Tuesday, trading at Rs 432.60 at 9:40 am on the NSE.

The lender reported a 24.7% year-on-year rise in net advances, reaching Rs5.77 lakh crore as of September 30, 2026.

Total deposits rose 23.2% year-on-year to Rs6.51 lakh crore, which included FCNR(B) deposits of $5.78 billion under the RBI's swap facility.

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