Kotak Mahindra Bank Q4 update: Advances grow 16% YoY, deposits rise nearly 15%

Kotak Mahindra Bank Ltd. reported steady growth across key metrics for the quarter ended March 2026, with both advances and deposits posting double-digit growth year-on-year (YoY).

The bank’s net advances rose 16.2% YoY to ₹4.95 lakh crore at the end of the quarter, compared with the same period last year. On a sequential basis, advances were up 3.2% quarter-on-quarter (QoQ). Average advances for the quarter also increased 16.2% annually and 3.4% sequentially to ₹4.81 lakh crore.

Total deposits stood at ₹5.72 lakh crore for the quarter, marking a 14.7% YoY growth and a 5.5% increase from the previous quarter. Average deposits rose 14.9% YoY and 2.3% QoQ to ₹5.38 lakh crore.

The bank’s low-cost deposit base remained robust, with current account savings account (CASA) deposits at ₹2.47 lakh crore. CASA deposits grew 15.5% YoY and saw a sharp 10.5% sequential increase.

Sources told CNBC-TV18 last week that the bank has emerged as the leading contender to acquire Deutsche Bank’s India retail business. 

Shares of the bank last closed at ₹358 apiece, up 0.55% for 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%