newsmetry
rusign inget started
macro

Kotak Mahindra Bank's September-quarter profit rises 29.5% as lending income nears 16% growth

Kotak Mahindra Bank's quarterly profit climbed 29.5% on higher net interest income, while its margin narrowed and asset quality improved.

published on Newsmetry
original source published

the public page opens no earlier than 15 minutes after we detect the story. approved stories may reach the api sooner. connect the api →

Newsmetry newsroom

what happened

Kotak Mahindra Bank's profit for the September quarter of FY27 rose 29.5% to ₹4,212 crore from ₹3,253.3 crore a year earlier, according to an exchange filing reported by TradingView. Net interest income grew 15.7% to ₹8,459 crore, and operating profit advanced 21.1% to ₹6,382.2 crore.

The net interest margin narrowed to 4.31%, compared with 4.54% a year earlier and 4.53% in the June quarter. Asset quality improved, though: gross bad loans fell to 1.04% from 1.18% in June, and net bad loans dropped to 0.24% from 0.27%. Provisions came in at ₹803.6 crore, down 15.2% year on year but up 20.3% from the June quarter.

Net advances jumped 25% to ₹5,77,295 crore as of September 30, 2026. Excluding loans backed by FCNR(B) deposits and the portfolio acquired from Kotak Mahindra Investments Ltd (KMIL), growth was 19%. The CASA ratio slipped to 38.2% from 42.3%, which the bank tied to a rise in term deposits from FCNR(B) inflows. Shares ended 1.5% lower at ₹430.50 on the NSE on October 23.

why it matters

For investors, the report points to strong loan growth and cleaner loan books, but a thinner margin and a smaller share of low-cost deposits are points to watch for the sector's funding costs. The stock was down 2.9% so far this year.

market impact

Indian banks: strong loan growth and cleaner assets support the sector, while a narrower margin is a drag

tags

EarningsStockIndia

instruments

Kotak Mahindra BankIndian banksINRNSE Nifty Bank

sources

  1. Kotak Mahindra Bank Q2 results: Net profit jumps 29.5%, NII rises nearly 16% — TradingView, 24 October 2026 at 08:43 UTC

prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.

the public page opens no earlier than 15 minutes after we detect the story. approved stories may reach the api sooner.

get stories in real time ↗

related stories