Kotak Mahindra Bank Ltd. displayed consistent growth across major metrics for the quarter ending March 2026, with both advances and deposits achieving double-digit year-on-year (YoY) growth.
The bank’s net advances increased by 16.2% YoY, reaching ₹4.95 lakh crore at the quarter’s end, compared to the same period last year. Sequentially, advances grew by 3.2% quarter-on-quarter (QoQ). Average advances for the quarter also rose by 16.2% annually and 3.4% sequentially to ₹4.81 lakh crore.
Total deposits stood at ₹5.72 lakh crore for the quarter, reflecting a 14.7% YoY growth and a 5.5% increase from the previous quarter. Average deposits increased by 14.9% YoY and 2.3% QoQ, amounting to ₹5.38 lakh crore.
The bank maintained a strong low-cost deposit base, with current account savings account (CASA) deposits totaling ₹2.47 lakh crore. CASA deposits grew by 15.5% YoY and witnessed a significant sequential rise of 10.5%.
Sources informed CNBC-TV18 last week that the bank has positioned itself as the primary candidate to acquire Deutsche Bank’s retail operations in India.
Shares of the bank were last traded at ₹358 each, marking an increase of 0.55% during the trading session on Thursday, April 2.
Also Read: AU Small Finance Bank Q4 Update: Deposits rise 22.8% YoY to ₹1.53 lakh crore; advances grow 25.1%
First Published: Apr 4, 2026 6:18 PM IST
