Mumbai, 24th October 2026: Kotak Mahindra Bank Limited has announced a robust financial performance for the quarter and half-year ending 30th September 2026. The bank’s Board of Directors approved the unaudited standalone and consolidated financial results, showcasing significant growth in profit and operational metrics.
For the second quarter of the fiscal year 2027, the bank reported a standalone Profit After Tax (PAT) of ₹4,212 crore, marking a 29% year-on-year increase from ₹3,253 crore in the same period last year. The quarter-on-quarter growth was a modest 2% from ₹4,123 crore in Q1FY27. The bank’s Net Interest Income (NII) also saw a substantial rise, reaching ₹8,459 crore, a 16% increase from the previous year, driven by a 25% year-on-year growth in net advances to ₹577,295 crore.
The bank’s Net Interest Margin (NIM) for the quarter stood at 4.31%, a slight decrease from 4.54% in Q2FY26, attributed to the mobilisation of FCNR(B) deposits during the period. The cost of funds was reported at 4.52%, reflecting a decrease from the previous year. Operating expenses rose by 14% year-on-year to ₹5,271 crore, while operating profit increased by 21% to ₹6,382 crore.
On a consolidated basis, the bank’s PAT for Q2FY27 was ₹5,645 crore, up 26% from ₹4,468 crore in Q2FY26. The consolidated customer assets grew by 21% year-on-year to ₹699,250 crore. The bank’s subsidiaries also contributed positively, with Kotak Securities and Kotak Asset Management reporting PATs of ₹348 crore and ₹287 crore, respectively.
Kotak Mahindra Bank’s capital adequacy remained strong, with a standalone Capital Adequacy Ratio of 21.9% and a CET1 ratio of 21.4% as per Basel III norms. The consolidated capital adequacy ratio was slightly higher at 22.4%, with a CET1 ratio of 22.1%. The bank’s consolidated return on assets and equity stood at 2.10% and 11.70%, respectively, for the quarter.
Analysts note that Kotak Mahindra Bank’s performance reflects a well-managed balance between growth and risk, with significant improvements in asset quality and operational efficiencies. The bank’s strategic focus on expanding its deposit base and maintaining a strong capital position is expected to support its growth trajectory amidst a competitive banking landscape.
