Kotak Mahindra Bank on Saturday reported a 47% year-on-year decline in its standalone net profit for the June quarter at Rs3,282 crore, compared to Rs 6,250 crore in the year-ago period. The net interest income (NII) for Q1FY26 increased to Rs 7,259 crore, up 6% YoY from Rs 6,842 crore in Q1FY25.
However, the decline in Kotak Bank‘s PAT would reduce to 7% excluding gains on KGI divestment, the company filing said. On June 18, 2024, ZKGI has ceased to be a wholly-owned subsidiary and became an associate of the Bank.
Average advances for Q1FY26 grew at 14% YoY with Net Advances increasing 14% YoY to Rs 444,823 crore as at June 30, 2025 from Rs 389,957 crore as at June 30, 2024.
More to follow……