Kotak Bank Q3 Updates: Net advances up 16% YoY to Rs 4.8 lakh crore, deposits up 15%

Kotak Mahindra Bank, India’s third-largest private lender by market capitalization, on Monday reported a 16% year-on-year increase in its net advances for the December quarter to Rs 4.8 lakh crore, compared to 4.13 lakh crore in the year-ago period. Total deposits in Q3FY26 stood at Rs 5.43 lakh crore, up 15% versus Rs 4.73 lakh crore in the corresponding quarter of the last fiscal.The figures are provisional and are part of Kotak Bank’s quarterly updates. It will announce its detailed earnings later.

Net advances rose 4% on a sequential basis from Rs 4.63 lakh crore in Q2FY26, while total deposits rose nearly 3% quarter-on-quarter to Rs 5.28 lakh crore.Average net advances in the quarter under review stood at Rs 4.66 lakh crore, up 16% year-on-year and 2% quarter-on-quarter, while average total deposits in the October-December quarter of FY26 were Rs 5.26 lakh crore, up 15% year-on-year and 3% sequentially.

The bank’s CASA stood at Rs 2.24 lakh crore in Q3FY26, up from Rs 2.24 lakh crore in Q2FY26 and Rs 2 lakh crore in Q3FY25. This was an increase of 12% year-on-year, with a marginal increase of 0.2% quarter-on-quarter.

Shares of Kotak Bank ended at Rs 2,192.30 on Monday, declining by Rs 2.80 or 0.13% from Friday’s closing price. According to data from Trendlyne, the shares are trading above their 50-day and 200-day simple moving averages (SMAs) of Rs 2,136 and Rs 2,103, respectively.

Also read: PNB Q3 updates: Global business grows 9.6% YoY to Rs 28.92 lakh crore, advances rise 11%. The Kotak Bank scrip outperformed the market with one-year returns of 19.16% against the Nifty’s 9% in the same period.

Kotak Mahindra Bank had reported a 2.7% year-on-year decline in its standalone net profit for the September quarter at Rs 3,253 crore, compared to Rs 3,344 crore in the year-ago period. Net interest income (NII) for Q2FY26 rose to Rs 7,311 crore, up 4% year-on-year compared to Rs 7,020 crore in Q2FY25.

Also read: Bajaj Finance Q3 update: New loans booked in December quarter grow 15% YoY, AUM rises 22%

The bank reported a net interest margin (NIM) of 4.54% for Q2FY26, while borrowing costs stood at 4.70% during the same period. Operating profit for Q2FY26 rose to Rs 5,268 crore, up 3% year-on-year from Rs 5,099 crore in Q2FY25, the company said in a stock exchange filing on October 25.

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