Kotak Mahindra Bank shares rise as Q2 advances, deposits grow
In short
Kotak Mahindra Bank said its Q2 FY27 net advances rose 25% year on year to Rs 5.77 lakh crore. Total deposits climbed more than 23% to Rs 6.51 lakh crore, and CASA deposits were Rs 2.49 lakh crore, up 11%. Anup Kumar Saha was named CEO from January 1, 2027.
The numbers suggest stronger business growth, which may support the bank’s shares. The report does not say whether investors reacted mainly to the lending growth, deposit growth, or the CEO change.
What the reporting says
Kotak Mahindra Bank reported Q2 FY27 net advances of Rs 5.77 lakh crore, up 25% year on year, and total deposits of Rs 6.51 lakh crore, up more than 23%, with CASA deposits at Rs 2.49 lakh crore, up 11%. The market summary also said Anup Kumar Saha will become CEO from January 1, 2027. The immediate share-price reaction was a 4% jump, while the reporting does not say what drove the move beyond the update.
Why it matters
Kotak Mahindra Bank reported Q2 FY27 business updates showing stronger lending and deposit growth, including net advances of Rs 5.77 lakh crore and deposits of Rs 6.51 lakh crore. CASA deposits were also higher at Rs 2.49 lakh crore. The market summary linked the update to a 4% share-price rise and noted Anup Kumar Saha’s appointment as CEO effective January 1, 2027. The reporting does not state the main reason for investor optimism.