Kotak Mahindra Bank has reported steady business growth for the first quarter of the financial year. The bank recorded double-digit growth in loans, deposits and CASA (Current Account Savings Account) balances compared to the same period last year.
Along with its quarterly business update, the bank also announced progress on its planned acquisition of Deutsche Bank AG’s retail banking, private banking and wealth management business in India. The deal, which is subject to regulatory approvals, is expected to strengthen Kotak Mahindra Bank’s presence in the country’s banking and wealth management sectors.
Q1 Business Update
Business Metric
Q1 FY27
Year-on-Year Growth
Net Advances
₹5.12 lakh crore
15.1%
Total Deposits
₹5.72 lakh crore
11.7%
CASA Deposits
₹2.31 lakh crore
10.2%
Deutsche Bank India Business Acquisition
Details
Information
Business Being Acquired
Retail Banking, Private Banking and Wealth Management
Seller
Deutsche Bank AG
Deal Value
Around ₹281.7 crore (cash)
Type of Transaction
Slump Sale
Business Size Being Acquired
Item
Value
Advances Outstanding
Around ₹29,000 crore
Deposits
Around ₹16,000 crore
Reference Date
March 31, 2026
Deal Status
Item
Details
Payment
₹281.7 crore in cash, subject to adjustments
Additional Payment
Net funding position of assets minus liabilities at closing
