Kotak Mahindra Bank Q2 net advances surge 16% to ₹4.62 lakh crore; deposits up 15%

Private sector lender Kotak Mahindra Bank Ltd on Saturday (October 4) reported a 15.8% year-on-year rise in period-end net advances, which stood at ₹4.62 lakh crore as of September 30, 2025.

Sequentially, net advances were up 4%. The bank’s average net advances for the quarter grew 14.6% year-on-year and 4% quarter-on-quarter to ₹4.47 lakh crore.

Total deposits at the end of the September quarter stood at ₹5.28 lakh crore, up 14.6% year-on-year and 3.1% sequentially. The bank’s average total deposits during the quarter rose 14.4% year-on-year and 3.7% quarter-on-quarter to ₹5.10 lakh crore.

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The bank’s low-cost current account and savings account (CASA) deposits rose 11.2% year-on-year and 6.7% quarter-on-quarter to ₹2.23 lakh crore as of September 2025.

First Quarter Results

Kotak Mahindra Bank reported a net profit of ₹3,281.7 crore in the June quarter, missing Street estimates of ₹3,442 crore. It was 57.5% lower than the previous year's ₹6,250 crore.

Its net interest income was at ₹7,249 crore, near Street estimates of ₹7,293 crore. The NII increased 6.1% to from the ₹6,842 crore the lender reported in the first quarter of the previous fiscal.

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Kotak Mahindra Bank's gross non-performing assets (NPA) increased to ₹6,637.7 crore in the first quarter from ₹6,134 crore in the fourth quarter of the financial year 2025. It was at 1.48% in the June quarter in comparison to 1.42% in the previous one.

On Friday (October 3), shares of Kotak Mahindra Bank Ltd ended at ₹2,100.90, up by ₹37.95, or 1.84%, on the BSE.