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Kotak Mahindra Bank Ltd gained for a fifth straight session today. The stock is quoting at Rs 375.7, up 3.51% on the day as on 12:39 IST on the NSE. The benchmark NIFTY is up around 3.46% on the day, quoting at 23923.45. The Sensex is at 77391.97, up 3.72%. Kotak Mahindra Bank Ltd has slipped around 2.76% in last one month.
Meanwhile, Nifty Bank index of which Kotak Mahindra Bank Ltd is a constituent, has slipped around 1.23% in last one month and is currently quoting at 52716.25, up 4.96% on the day. The volume in the stock stood at 173 lakh shares today, compared to the daily average of 239.45 lakh shares in last one month.
The benchmark April futures contract for the stock is quoting at Rs 377.55, up 3.79% on the day. Kotak Mahindra Bank Ltd is down 8.49% in last one year as compared to a 6.81% spurt in NIFTY and a 10.13% spurt in the Nifty Bank index.
The PE of the stock is 26.65 based on TTM earnings ending December 25.
The bank’s average CASA deposits stood at Rs 2,11,898 crore as of 31 March 2026, registering a 12.7% YoY growth and a 1.9% QoQ rise.
During the quarter, net advances (end-of-period basis) rose 16.2% YoY to Rs 4,95,892 crore in Q4 FY26, compared with Rs 4,26,909 crore in Q4 FY25. On a QoQ basis, net advances increased 3.2%.
Total deposits (end-of-period basis) rose 14.7% YoY to Rs 5,72,457 crore in Q4 FY26 from Rs 4,99,055 crore in Q4 FY25, while increasing 5.5% on a QoQ basis.
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.
The bank reported a 4.28% jump in standalone net profit to Rs 3,446.14 crore on 4.3% increase in total income to Rs 16,741.05 crore in Q3 FY26 over Q3 FY25.
The counter slipped 1.72% to Rs 352 on the BSE.
Kotak Mahindra Bank Ltd fell for a fifth straight session today. The stock is quoting at Rs 409.7, down 1.32% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is down around 1.9% on the day, quoting at 24699.2. The Sensex is at 79712.32, down 1.94%.Kotak Mahindra Bank Ltd has eased around 1.47% in last one month.Meanwhile, Nifty Bank index of which Kotak Mahindra Bank Ltd is a constituent, has eased around 0.7% in last one month and is currently quoting at 60529, down 1.5% on the day. The volume in the stock stood at 83.59 lakh shares today, compared to the daily average of 154.19 lakh shares in last one month.
The benchmark March futures contract for the stock is quoting at Rs 411.9, down 1.36% on the day. Kotak Mahindra Bank Ltd jumped 6.99% in last one year as compared to a 11.66% rally in NIFTY and a 23.91% spurt in the Nifty Bank index.
The PE of the stock is 30.51 based on TTM earnings ending December 25.
Kotak Mahindra Bank Ltd is up for a third straight session in a row. The stock is quoting at Rs 433.55, up 1.11% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.45% on the day, quoting at 25984.15. The Sensex is at 84465.17, up 0.48%. Kotak Mahindra Bank Ltd has risen around 1.61% in last one month.
Meanwhile, Nifty Bank index of which Kotak Mahindra Bank Ltd is a constituent, has risen around 2.24% in last one month and is currently quoting at 60669.35, up 0.19% on the day. The volume in the stock stood at 94.84 lakh shares today, compared to the daily average of 182.24 lakh shares in last one month.
The benchmark February futures contract for the stock is quoting at Rs 432.65, up 0.85% on the day. Kotak Mahindra Bank Ltd is up 12.99% in last one year as compared to a 12.62% spurt in NIFTY and a 23.04% spurt in the Nifty Bank index.
The PE of the stock is 31.5 based on TTM earnings ending December 25.
On February 06, widely circulated media reports stated that Fairfax Financial and Kotak Mahindra Bank are set to submit financial bids separately for a majority stake in IDBI Bank along with supporting documents on Friday.
The two contenders are in a race to acquire the 60.72% stake belonging to the government and Life Insurance Corporation of India (LIC) that is on offer, the reports added.
Providing a clarification on the same, Kotak Mahindra Bank said: “We would like to clarify that the Bank has not submitted a financial bid as part of disinvestment process relating to IDBI Bank Limited.”
Kotak Mahindra Bank is the part 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. As on 31 st December 2025, the bank has a national footprint of 2,218 branches and 2,749 ATMs (incl. cash recyclers) and branches in GIFT City and DIFC (Dubai).
The scrip had advanced 3.35% to end at Rs 422.35 on the BSE on Friday.
Meanwhile, another foreign broker has retained a ‘Neutral’ rating on the counter and raised its target price to Rs 460, implying an upside of about 9% from the last closing price cited in its January 26 report. The brokerage highlighted that margins stayed flat at 4.54% against its expectation of an improvement, while higher operating expenses led to a miss at the core pre-provision operating profit level.
Operating profit before provisions and tax rose 3.84% YoY to Rs 5,379.77 crore during the quarter. Provision (other than tax) and contingencies increased 1.95% YoY to 809.58 crore during the quarter.
Net interest income (NII) stood at Rs 7565 crore in Q3 FY26, up 5% compared with Rs 7,196 crore in Q3 FY25. Net Interest Margin (NIM) was 4.54% for Q3FY26 compared with 4.93% for Q3FY25.
Operating expenses rose 8% to Rs 5,023 crore in Q3 FY26 compared with Rs 4,638 crore in Q3 FY25. Q3FY26. These expenses include an estimated incremental cost of Rs 96 crore arising from the implementation of the new Labour Code. Excluding this impact, operating expenses for Q3 FY26 stood at Rs 4,927 crore, reflecting a 6% YoY increase.
Credit cost (annualised) stood at 0.63% in Q3 FY26, compared with 0.68% in Q3 FY25.
Total deposits at the end of the period grew 15% to Rs 542,638 crore for Q3FY26, from Rs 473,497 crore for Q3FY25. Average total deposits also increased 15% to Rs 526,025 crore for Q3FY26, from Rs 458,614 crore for Q3FY25. Average current deposits grew to Rs 75,596 crore for Q3FY26, up 14% from Rs 66,589 crore for Q3FY25.
Net Advances increased 16% to Rs 480,673 crore as at December 31, 2025 from Rs 413,839 crore as at December 31, 2024.
Asset quality continued to improve, with gross non-performing assets (GNPA) declining to 1.30% as on December 31, 2025, from 1.50% as on 31st December 2024 and net non-performing assets (NNPA) was 0.31% as on 31st December 2025 compared with 0.41% as of 31st December 2024. As at December 31, 2025, Provision Coverage Ratio stood at 76% as of 31st December 2025.
The bank’s capital adequacy ratio under Basel III norms stood at 22.6% as of December 31, 2025, while the CET1 ratio was strong at 21.5%, including unaudited profits.
Meanwhile, the company’s board approved a proposal to raise funds by way of issuance of unsecured, redeemable, non-convertible debentures (NCDs), on a private placement basis, for an amount up to Rs 15,000 crore, in one or more tranches / series, during FY 2026-27, subject to the approval of the members of the bank.
The counter shed 0.85% to end at Rs 422.20 on the BSE.