Results6 Oct 2026 · Tue morning
KOTAKBANKKotak Mahindra Bank
Kotak Mahindra Bank's net advances rise 24.7% to ₹5.77 lakh crore in the September quarter
In its provisional September-quarter update, Kotak Mahindra Bank reported net advances up 24.7% and total deposits up 23.2% from a year earlier.
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- Sector
- Banking
What happened
- Net advances at the end of the quarter were ₹5,77,094 crore, up 24.7% year on year and 12.7% from the June quarter, according to Sahi and Whalesbook.
- Total deposits were ₹6,51,491 crore, up 23.2% year on year and 13.7% from the previous quarter.
- CASA deposits were ₹2,49,105 crore, up 11.3% year on year and 7.8% on the quarter.
- The reports say year-end balances included large FCNR(B) deposit inflows under the Reserve Bank of India's concessional swap window, about ₹55,344 crore (US$5.78 billion).
Why it matters
The deposit total includes the one-off FCNR(B) inflows, so the growth rates are not a like-for-like read of ordinary deposit gathering. The figures are provisional.
Good to know: CASA stands for current account and savings account deposits, the low-cost part of a bank's deposits. FCNR(B) deposits are foreign-currency term deposits that non-resident Indians can hold in India.
Key facts
- Net advances
- ₹5,77,094 crore (+24.7% YoY)
- Total deposits
- ₹6,51,491 crore (+23.2% YoY)
- CASA deposits
- ₹2,49,105 crore (+11.3% YoY)
- FCNR(B) in year-end balances
- About ₹55,344 crore (reported)
Read the source
This is a summary of public news about Kotak Mahindra Bank, for information only. It is not a recommendation to buy, sell or hold KOTAKBANK.