Kotak Mahindra Bank Q3 Update: Net advances rise 16% to ₹4.80 lakh crore, deposits up 15%

Private sector lender Kotak Mahindra Bank Ltd on Monday (January 5) reported growth in advances and deposits for the quarter ended December 31, 2025, according to a regulatory filing dated January 5, 2026.

Net advances at the end of the period stood at ₹4,80,229 crore as of December 31, 2025, registering a year-on-year growth of 16.0% compared with ₹4,13,839 crore as of December 31, 2024.

On a quarter-on-quarter basis, net advances increased 3.8% from ₹4,62,688 crore as of September 30, 2025. Average net advances for the quarter rose 16.2% year-on-year to ₹4,65,879 crore, and were higher by 4.0% sequentially.

Also Read: Kotak Mahindra Bank reports Q1 net profit of ₹3,282 crore, net interest income increases 6%

CASA deposits at the end of the period increased to ₹2,24,199 crore as of December 31, 2025, up 11.9% year-on-year from ₹2,00,412 crore, while showing a marginal 0.2% rise over the previous quarter. Average CASA deposits stood at ₹2,07,955 crore, reflecting a 9.0% year-on-year growth and a 4.9% increase on a quarter-on-quarter basis.

Total deposits at the end of the period rose 14.6% year-on-year to ₹5,42,638 crore as of December 31, 2025, compared with ₹4,73,497 crore a year earlier. Sequentially, deposits grew 2.6% from ₹5,28,776 crore as of September 30, 2025. Average total deposits for the quarter stood at ₹5,26,025 crore, up 14.7% year-on-year and 3.1% quarter-on-quarter.

Shares of Kotak Mahindra Bank Ltd ended at ₹2,192.30, down by ₹2.80, or 0.13%, on the BSE.

Also Read: Kotak Mahindra Bank shares worth ₹6,256 crore change hands as SMBC plans an exit