Athira Sethu
Kochi, 27 Jan 2026
Private sector lender Kotak Mahindra Bank reported a steady performance for the December quarter of FY26, posting a consolidated net profit of ₹3,446 crore, up 4.3% year-on-year, driven by healthy growth in net interest income, improving asset quality, and continued balance sheet expansion despite a challenging banking environment.
Quarterly Financial Performance (Q3 FY26)
| Metric | Q3 FY26 | Q3 FY25 | YoY Change |
| Consolidated Net Profit | ₹3,446 crore | ₹3,305 crore | +4.3% |
| Operating Profit | ₹5,380 crore | ₹5,181 crore | +4% |
| Net Interest Income (NII) | ₹7,565 crore | ~₹7,205 crore | +5% |
| Annualised RoA | 2.10% | — | — |
| Annualised RoE | 11.39% | — | — |
Asset Quality Snapshot
| Asset Quality Indicator | Q3 FY26 | Q2 FY26 | Q3 FY25 |
| Gross NPA (GNPA) | 1.30% | 1.39% | — |
| Net NPA (NNPA) | 0.31% | 0.32% | — |
| Gross NPAs (₹ crore) | ₹6,320 | — | ₹6,479.5 |
| Net NPAs (₹ crore) | ₹1,497 | — | ₹1,491 |
Balance Sheet & Assets Under Management
| Particulars | Amount | YoY Growth |
| Consolidated Customer Assets | ₹5,98,780 crore | +15% |
| Total Assets Under Management | ₹7,87,950 crore | +15% |
| Domestic MF AUM | ₹5,86,610 crore | +20% |
| Consolidated Net Worth | ₹1,75,251 crore | — |
| Book Value per Share* | ₹176 | — |
*Post 1:5 share subdivision effective January 14, 2026
Standalone Banking Performance
| Metric | Q3 FY26 | YoY Growth |
| Net Advances | ₹4,80,673 crore | +16% |
| Customer Assets | ₹5,29,455 crore | +15% |
| Period-end Deposits | ₹5,42,638 crore | +15% |
| CASA Ratio | 41.3% | — |
| Credit-to-Deposit Ratio | 88.6% | — |
| Customer Base | 5.1 crore | — |
| Average Cost of Funds | 4.54% | ↓ from 5.06% |
