Kotak Mahindra Bank’s net advances climb 25% YoY to Rs 5.77 lakh crore; deposits grow 23% in Q2

What happened: Kotak Mahindra Bank reported net advances rose 25% year-on-year to Rs 5.77 lakh crore and deposits grew 23% in Q2, with balances as of September 30, 2026. Key numbers: Net advances Rs 5.77 lakh crore, up 25% YoY. Average net advances Rs 5,46,963 crore, up 22.1% YoY. Total deposits Rs 6,51,491 crore, up 23.2% YoY. CASA deposits Rs 2,49,105 crore, up 11.3% YoY. Why it matters: The bank said the September 30, 2026 figures are provisional and subject to limited review by its statutory auditors. Shares have declined 6.21% year-to-date, according to NSE data.

Kotak Mahindra Bank reported net advances rose 25% year-on-year to Rs 5.77 lakh crore and deposits grew 23% in Q2, with balances as of September 30, 2026.

The bank said the September 30, 2026 figures are provisional and subject to limited review by its statutory auditors. Shares have declined 6.21% year-to-date, according to NSE data.