Synopsis:
The shares of Kotak Mahindra Bank Ltd, rose by 4 percent after announcing strong Q1FY26 updates, with Net Advances rising 14 percent.
The shares of one of the leading banks offering diversified financial services like retail and corporate banking, treasury operations, investment banking, stock broking, vehicle financing, advisory services, and many more gained 4 percent per share after declaring a Q1 business update.
Kotak Mahindra bank Ltd is a large-cap company with market capitalization of Rs.4,39,806 Cr. it opened at Rs.2201.00 per equity share from its previous day’s closing price Rs.2147.00.
Q1 Update
Kotak Mahindra Bank Ltd reported a strong performance in its Quarterly(Q1) business update, reflecting steady growth in both lending and deposits. The bank’s net advances rose 14 percent year on year, reaching Rs.4.45 lakh crore, indicating healthy credit demand across segments.
On the deposit front, the bank showed equally strong momentum, with total deposits increasing by 14.6 percent Year on Year to stand at Rs.5.13 lakh crore as of the quarter end.
Average deposits grew by 12.9 percent Year on Year, totaling Rs.4.92 lakh crore. This deposit growth plays a crucial role in supporting the bank’s lending activities and maintaining liquidity strength.
While the average CASA (Current and Savings Account) rose 4.2 percent Year on Year to Rs.1.92 lakh crore. The overall growth trend remains positive, supported by a healthy balance sheet and customer confidence.
The market responded positively to the update, with Kotak Bank shares rose over 4 percent intraday, touching a high of Rs.2,241.50. This performance sets a solid foundation for the bank’s earnings in the upcoming quarters, backed by strong loan growth and stable deposit inflows. It reflects its continued focus on maintaining financial strength, expanding its retail and corporate lending book, and adapting to evolving market dynamics.
Written by Sudeep Kumbar
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