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Total income increased 5.31% YoY to Rs 17,815.69 crore during the quarter.
Profit before provisions and contingencies rose 10.20% YoY to Rs 6,131.35 crore in Q1FY27. Provisions declined 44.68% YoY to Rs 668.13 crore from Rs 1,207.76 crore in Q1FY26.
Net Interest Income (NII) increased 9% YoY to Rs 7,928 crore in Q1FY27 from Rs 7,259 crore in Q1FY26. Net Interest Margin (NIM) stood at 4.53% compared with 4.65% in Q1FY26.
The bank reported strong deposit growth in Q1FY27, with Total Period-end Deposits rising 12% YoY to Rs 5,72,820 crore from Rs 5,12,838 crore in Q1FY26.
Average Total Deposits grew 14% YoY to Rs 5,58,891 crore in Q1FY27 from Rs 4,91,998 crore in Q1FY26, while Average Current Deposits increased 15% YoY to Rs 78,107 crore from Rs 67,808 crore in Q1FY26.
Average Fixed Rate Savings Deposits rose 16% YoY to Rs 1,25,061 crore from Rs 1,07,450 crore in Q1FY26, and Average Term Deposits grew 14% YoY to Rs 3,41,992 crore from Rs 3,00,003 crore in Q1FY26.
The bank’s CASA ratio stood at 40.3% as of 30 June 2026, compared with 40.9% as of 30 June 2025.
Operating Expenses increased 8% YoY to Rs 5,135 crore in Q1FY27 from Rs 4,775 crore in Q1FY26, while Cost to Assets improved to 2.66% from 2.83% in Q1FY26.
Operating Profit rose 10% YoY to Rs 6,131 crore from Rs 5,564 crore in Q1FY26.
Net Advances grew 15% YoY to Rs 5,12,249 crore as of 30 June 2026 from Rs 4,44,823 crore as of 30 June 2025. Customer Assets increased 16% YoY to Rs 5,70,901 crore from Rs 4,92,972 crore.
The bank’s Credit to Deposit Ratio stood at 89.4% as of 30 June 2026, compared with 86.7% as of 30 June 2025.
Slippages declined 27% YoY to Rs 1,321 crore in Q1FY27 from Rs 1,812 crore in Q1FY26. GNPA improved to 1.18% and NNPA to 0.27% as of 30 June 2026, compared with GNPA of 1.48% and NNPA of 0.34% as of 30 June 2025.
Provision Coverage Ratio stood at 78% as of 30 June 2026, compared with 77% as of 30 June 2025.
Standalone ROA (annualised) stood at 2.14% and ROE (annualised) at 11.98% for Q1FY27. The bank’s Capital Adequacy Ratio stood at 22.8% and CET1 ratio at 22.4% as of 30 June 2026.
Kotak Mahindra Bank is the flagship company of the Kotak Group and has diversified operations covering commercial vehicle financing, consumer loans, corporate finance, and asset reconstruction. Through its subsidiaries, the bank is engaged in investment banking, equity broking, securities-based lending, and car finance.
Shares of Kotak Mahindra Bank rose 3.37% to end at Rs 389.85 on the BSE on Friday, 17 July 2026.
Average current account and savings account (CASA) deposits stood at Rs 2,16,898 crore, up 13% YoY and 2.4% QoQ during the quarter.
During the quarter, net advances (end-of-period basis) rose 15.1% YoY to Rs 5,12,171 crore in Q1 FY27, compared with Rs 4,44,823 crore in Q1 FY26. On a QoQ basis, net advances increased 3.2%.
Total deposits on an end-of-period basis stood at Rs 5,72,822 crore, registering an 11.7% YoY increase and a marginal 0.1% rise over the previous quarter.
The bank reported a 13.37% jump in standalone net profit to Rs 4,026.55 crore on 3.46% increase in total income to Rs 17,291.10 crore in Q4 FY26 over Q4 FY25
The counter slipped 3.89% to Rs 381.25 on the BSE.
Kotak Mahindra Bank announced that the loan portfolio of Kotak Mahindra Investments (KMIL), aggregating to an outstanding amount of Rs. 9,587.62 crore as on 01 July 2026, stand directly assigned to the Bank, with effect from the same date.
The aforesaid direct assignment has been effected in furtherance of the decision of the Bank to conduct the business activities of KMIL departmentally within the Bank on and from April 1, 2026, in compliance with the provisions of the Reserve Bank of India (Commercial Banks - Undertaking of Financial Services) Directions, 2025 and in the interest of group simplification and to drive operations synergies.
Kotak Mahindra Bank has executed a business transfer agreement with Deutsche Bank Aktiengesellschaft (acting through its branch in India) (DBAG) (BTA) on 30 June 2026 for the acquisition of DBAG's retail banking, private banking and wealth management business in India (Business Undertaking) as a going concern on a slump sale basis, subject to requisite approvals and the fulfilment of conditions specified in the BTA.
Kotak Mahindra Asset Management Company (Kotak AMC) and Kotak Alternate Asset Managers (KAAML) (both being wholly owned subsidiaries of Kotak Bank) have entered into non-binding term sheets with Deutsche Investments India (DIIPL) (which is a subsidiary of DBAG) for referral of clients for Portfolio Management Services and Investment Advisory, respectively. This remains subject to the definitive agreements to be entered into in this regard by DIIPL with Kotak AMC and KAAML, respectively. Kotak Bank will make relevant disclosure(s) upon signing of such definitive agreements.
The bank reported a 13.37% jump in standalone net profit to Rs 4,026.55 crore on 3.46% increase in total income to Rs 17,291.10 crore in Q4 FY26 over Q4 FY25.