- Kotak Mahindra Bank's net advances rose 16% to Rs 4.8 lakh crore in Q3 FY26
- Total deposits increased 14.6% to Rs 5.43 lakh crore year-on-year in Q3
- Credit growth outpaced deposit growth, raising the bank's credit-deposit ratio
Kotak Mahindra Bank Ltd.'s loan book expanded faster than deposits in the third quarter of the current financial year.
Net advances rose 16% to Rs 4.8 lakh crore in the October-December period, from Rs 4.14 lakh crore in the corresponding quarter last year, according to provisional business updates disclosed on Monday. On a quarterly basis, it rose nearly 4%.
Total deposit rose 14.6% to Rs 5.43 lakh crore from Rs 4.73 lakh crore last year. Sequentially, it advanced 2.6%.
The CASA (Current Account Savings Account) rose nearly 12% year-on-year to Rs 2.24 lakh crore. On a quarterly basis, it was flat.
HDFC Bank Shares Drag Nifty Down As Stock Reacts To Q3 Business UpdateKotak Mahindra Bank is yet to announce the date for the board meeting to consider and approve the third quarter financial results. The Mumbai-based lender is the fourth largest private bank in India in terms of market capitalisation.
Shares closed 0.1% lower at Rs 2,190.9 apiece on NSE, ahead of the announcement, compared to a 0.3% decline in the benchmark Nifty 50. The stock has risen 19% in the last 12 months.
UCO Bank Reports 13% Growth In Total Biz To Rs 5.54 Lakh Crore In Q3 FY'26
