Kotak Mahindra Bank on Saturday reported a strong business update for the first quarter, showing steady growth across deposits, advances, and low-cost current and savings account (CASA) balances, according to provisional data released by the lender. The figures highlight continued momentum in the bank’s core retail and corporate banking segments.
The bank’s net advances rose 15 per cent year-on-year to ₹4.94 lakh crore in the March–June quarter, compared to ₹4.29 lakh crore in the same period last year. On a sequential basis, net advances also increased by 2.7 per cent from ₹4.82 lakh crore in the previous quarter, indicating sustained credit growth across lending segments.
Total deposits for the quarter stood at ₹5.58 lakh crore, reflecting a 13.6 per cent rise over ₹4.92 lakh crore in the year-ago period. On a quarter-on-quarter basis, deposits also grew 3.38 per cent from ₹5.38 lakh crore, underscoring stable liability franchise expansion during the reporting period.
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The bank’s CASA ratio also recorded healthy growth, with balances rising 13 per cent year-on-year to ₹2.17 lakh crore from ₹1.92 lakh crore. Sequentially, CASA showed a marginal increase, standing at ₹2.19 lakh crore in Q1 FY26, reflecting consistent growth in low-cost deposits that are crucial for maintaining profitability.
In addition to quarterly business updates, Kotak Mahindra Bank’s previous financial performance had shown strong earnings growth. The bank reported a 13 per cent rise in standalone net profit for the March quarter, supported by lower provisions and improved asset quality. Net interest income rose 8 per cent to ₹7,875 crore, while operating profit increased 7 per cent year-on-year.
Asset quality metrics also improved during the period, with gross non-performing assets at 1.20 per cent and net NPAs at 0.25 per cent, both better than market expectations. The overall performance pointed to stable credit demand, controlled risk costs, and resilient income growth, reinforcing the bank’s steady financial position going into FY26.
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