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Kotak Mahindra and IDFC First Bank Release Q2 Business Updates
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CNBC Awaaz•05-10-2026, 16:52
Kotak Mahindra and IDFC First Bank Release Q2 Business Updates
- •Kotak Mahindra Bank reported a 24.7 percent year-on-year growth in net advances, reaching Rs 5.77 lakh crore.
- •Kotak Mahindra Bank's total deposits increased by 23.2 percent year-on-year to Rs 6.51 lakh crore.
- •IDFC First Bank recorded a 17 percent year-on-year growth in total deposits, reaching Rs 3.24 lakh crore.
- •IDFC First Bank's loans and advances registered a 20.4 percent year-on-year growth to touch Rs 3.14 lakh crore.
Key Questions Answered
Kotak Mahindra Bank reported that its net advances for Q2 increased by 24.7% on a year-on-year basis, reaching ₹5.77 lakh crore.
IDFC First Bank recorded a 17% year-on-year growth in total deposits, pushing the figure to ₹3.24 lakh crore.
IDFC First Bank's CASA Ratio for Q2 stood at 51.3%, which is higher than the 50.1% reported in the same quarter last year and 50.8% in the previous quarter.
