The bank’s net advances rose to Rs 4.8 lakh crore in Q3FY26 from Rs 4.13 lakh crore in the year-ago period. Total deposits also registered robust growth, rising 15% year-on-year to Rs 5.43 lakh crore from Rs 4.73 lakh crore a year ago.
Sequentially, net advances rose 4% over the Rs 4.63 lakh crore reported in Q2FY26, while deposits increased by nearly 3% from Rs 5.28 lakh crore.
Average net advances stood at Rs 4.66 lakh crore for the quarter, up 16% YoY and 2% QoQ, and average total deposits were Rs 5.26 lakh crore, reflecting a 15% YoY and 3% QoQ increase.
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The bank’s CASA (Current Account and Savings Account) deposits stood at Rs 2.24 lakh crore, unchanged from the previous quarter but up from Rs 2 lakh crore in the same period last year. This marked a 12% rise on an annual basis, with a marginal 0.2% sequential uptick.
While the detailed earnings are yet to be released, the bank’s provisional numbers suggest continued momentum in both credit growth and deposit mobilisation. In Q2FY26, the bank had reported a Net Interest Margin (NIM) of 4.54% for Q2FY26, with a cost of funds at 4.70%, and an operating profit of Rs 5,268 crore for that quarter, up 3% from Rs 5,099 crore in Q2FY25.The shares of Kotak Mahindra Bank closed marginally lower at Rs 2,190.90 on the BSE.
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