#kotakmahindrabank - Business Outrank

Kotak Mahindra Bank announced that its consolidated net profit had grown by 5 percent year on year to 4924 crore in the third quarter of the October-December period in FY26. The increase in profit was 10 percent. We experience stable incomes along with average growth of the income and a little increase in provisioning in the course of the quarter. Net profit increased by 4 percent to 3,446 crore, on a stand-by basis. Growth remained moderate with provisions increasing marginally and net interest income and other income increasing at a lower rate. In standalone basis, profit improved by 6 percent over the quarter-on-quarter, based on the stable lending and cost management. The net interest income grew 5 percent compared to the year before to 7,565 crore and 3 percent compared to the sequential growth. This was after the gross advances grew by 15 percent to 4.99 trillion. Other income increased by 8 percent per annum to 2,838 crore, also due to fee and treasury streams. The ratio of net interest margin was 4.54 percent and was stable compared to the last quarter. Margins have declined by 39 basis points on an annual basis, which indicates pressure on the funding costs. The cost of funds incurred by the bank also fell to 4.54 percent, as compared to 4.70 percent, which was somewhat of a relief in the future. Provisions increased slightly by 2 percent compared to the year before, but by 15 percent compared to the previous year. New slippages were also 1,605 crore, which is lower than the last quarter and last year. The quality of assets became better as the gross NPAs stood at 1.30 percent and the net NPAs at 0.31 percent. Net advances rose by 16 percent on a year-by-year basis to 4.80 trillion. Advances and credit substitutes are also known as customer assets, which amounted to ₹5.29 trillion. The deposit growth was healthy as the total period-end deposits increased by 15 percent to 5.42 trillion, and the CASA increased by 41.3 percent. Home loans and loans against property increased by 18 percent across the segments, and the credit card book reduced by 13 percent. Commercial banking increased by 7 percent, and wholesale banking rose by 17 percent. Wholesale and secured retail segments are boosting stability, as cards are re-strategizing. Ashok Vaswani, the bank's managing director and chief executive, reported that the bank has redefined its credit card business and introduced new products. This is my expectation of issuance, and he will spend in the next couple of quarters. Another strategy that was accepted by the board would increase non convertible debit by 15000 crore in FY27 in order to fund growth.

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