Why is Kotak Mahindra Bank trending today?
The bank is trending following the release of its unaudited results for the quarter ending September 30, 2026. Investors are reacting to a 29% yearly increase in standalone profit and a notable decrease in slippages.
What happened
- 24 Oct, 2026
The Board of Directors approved the bank's standalone and consolidated results for the quarter and half-year ended September 30, 2026 [1].
What you need to know
Standalone profit after tax (PAT) rose to Rs 4,212 crore, a 29% increase compared to the same quarter last year [1].
Net Interest Income grew 16% year-on-year to reach Rs 8,459 crore [1].
Slippages dropped 24% year-on-year to Rs 1,230 crore, indicating better credit quality [1].
Net advances grew by 25% year-on-year to Rs 577,295 crore [1].
The sources do not provide the specific current share price or the exact percentage change in the stock price following the announcement.
Background
Kotak Mahindra Bank's recent performance was influenced by the mobilization of approximately Rs 55,344 crore in FCNR(B) deposits. While this helped growth, it led to a moderation in the Net Interest Margin, which stood at 4.31% compared to 4.54% in the previous year [1].
The bank's consolidated profit after tax rose 26% year-on-year to INR 5,645 crore. While core advances grew by 19%, overall results were impacted by volatility in subsidiary mark-to-market values [2].
Questions people ask
What happened to the bank's asset quality?
Asset quality improved, with GNPA falling to 1.04% and NNPA falling to 0.24% as of September 30, 2026 [1].
Why did the Net Interest Margin (NIM) decrease?
The decline in NIM was primarily due to the mobilization of FCNR(B) deposits during the quarter [1].
Where this came from
Found through Google Trends and drafted with AI from at least two cited sources. Published automatically after passing our automated checks for sources, wording and safety. It may not have been reviewed by a person yet. Report a correction.