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On a sequential basis, the bank's average total deposits increased 3.8% quarter-on-quarter (QoQ). Average current account and savings account (CASA) deposits stood at Rs 2,16,898 crore, up 13% YoY and 2.4% QoQ during the quarter. During the quarter, net advances (end-of-period basis) rose 15.1% YoY to Rs 5,12,171 crore in Q1 FY27, compared with Rs 4,44,823 crore in Q1 FY26. On a QoQ basis, net advances increased 3.2%. Total deposits on an end-of-period basis stood at Rs 5,72,822 crore, registering an 11.7% YoY increase and a marginal 0.1% rise over the previous quarter. Kotak Mahindra Bank is the flagship company of the Kotak Group and has diversified operations covering commercial vehicle financing, consumer loans, corporate finance, and asset reconstruction. Through its subsidiaries, the bank is engaged in investment banking, equity broking, securities-based lending, and car finance. The bank reported a 13.37% jump in standalone net profit to Rs 4,026.55 crore on 3.46% increase in total income to Rs 17,291.10 crore in Q4 FY26 over Q4 FY25 The counter slipped 3.89% to Rs 381.25 on the BSE. Powered by Capital Market - Live News
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