Kotak Mahindra Bank’s total deposits rose 15% year-on-year in Q4 FY26.
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ADNAN ABIDI
Kotak Mahindra Bank reported a jump in fourth-quarter profit that beat estimates on Saturday, supported by strong loan growth and lower provisions for potential bad loans.
India’s third-largest private lender’s standalone net profit rose 13 per cent to ₹4,027 crore for the quarter ended March 31 from last year. Analysts had expected a profit of ₹3,737 crore, according to data compiled by LSEG.
Loan demand in India gained momentum in the second half of the fiscal year ended in March as easing inflation and lower taxes supported household spending and corporate borrowing.
The lender’s net advances expanded 16 per cent in the quarter from a year earlier, mainly driven by retail and corporate loans. Total deposits rose by 15 per cent.
Last month, larger peers HDFC Bank and ICICI Bank beat profit views aided by strong loan growth.
Net interest income – the difference between interest earned on loans and interest paid on deposits – rose 8 per cent to ₹7,876 crore.
Provisions and contingencies fell 36 per cent quarter-on-quarter and 43 per cent year-on-year to ₹516 crore.
The lender’s gross non-performing asset ratio fell to 1.2 per cent at the end of March, from 1.42 per cent in the year-ago quarter.
Published on May 2, 2026
