Kotak Mahindra Bank posts 24.7% rise in advances and deposits
In short
Kotak Mahindra Bank said its net advances rose 24.7% to Rs 5,77,094 crore by September 30, 2026. Total deposits rose 23.2% to Rs 6,51,491 crore, and CASA deposits grew 11.3%.
This matters because it shows loan and deposit growth at the bank. The reporting does not explain what caused the rise or whether the trend will continue.
What the reporting says
Kotak Mahindra Bank reported net advances of Rs 5,77,094 crore and total deposits of Rs 6,51,491 crore as of September 30, 2026. The lender said net advances rose 24.7% year on year, total deposits increased 23.2%, and CASA deposits grew 11.3%, according to provisional data. The reporting does not say what drove the growth or how it compares with guidance.
Why it matters
Kotak Mahindra Bank disclosed provisional September 30, 2026 data showing net advances of Rs 5,77,094 crore, up 24.7% year on year, and total deposits of Rs 6,51,491 crore, up 23.2%. CASA deposits also rose 11.3%. The numbers point to strong balance-sheet growth for the lender, but the reporting does not explain the driver or whether this pace is sustainable.