Kotak Mahindra Bank posts 26% jump in Q2 FY27 consolidated profit

For the July-September quarter of FY27, Kotak Mahindra Bank’s consolidated net profit climbed 26% year-on-year to ₹5,645 crore, while standalone profit rose 29% to ₹4,212 crore. The earnings boost stemmed from a 16% increase in net interest income and a 15% reduction in provisions, despite net interest margin slipping to 4.31% because of heavy FCNR(B) deposit inflows. Fee-and-service revenue jumped 21% to ₹2,926 crore, and operating costs rose 14% to ₹5,271 crore.

Credit cost fell to 0.35%, and non-performing assets improved, with GNPA at 1.04% of advances and net NPA at 0.24%. Deposits grew 23% to ₹6.51 trillion, though the CASA ratio declined to 38.2% due to term-deposit growth.