Kotak Mahindra Bank reported a 29% year-on-year jump in standalone net profit to ₹4,212 crore for the September quarter, while consolidated profit rose 26% to ₹5,645 crore. The board approved results at a Mumbai meeting on October 25, 2026.
Net interest income climbed 16% to ₹8,459 crore, though margin narrowed to 4.31% from 4.54% due to FCNR(B) mobilisation. Asset quality improved with gross NPA at 1.04% and slippages down 24%. Advances grew 25% to ₹5.77 lakh crore, deposits rose 23% to ₹6.51 lakh crore, and capital adequacy stood at 21.9%.
Subsidiaries added to consolidated earnings, led by Kotak Securities (₹348 crore) and Kotak Mahindra Life Insurance (₹198 crore). Consolidated customer assets reached ₹6.99 lakh crore, mutual fund AUM grew 10% to ₹6.16 lakh crore, and networth stood at ₹1.95 lakh crore.
