Modest Rise - Business Outrank

Kotak Mahindra Bank achieved a 1% year-over-year increase in consolidated adjusted net profit which reached ₹4,472 crore during Q1FY26 despite facing major challenges. The bank achieved this growth after removing the ₹3,013 crore exceptional gain from its general insurance unit stake sale during the previous year. The previous year's profit would have been ₹4,435 crore if the exceptional gain had not been included. The bank's total assets under management surged to ₹7.50 trillion, marking an 18% Y-o-Y growth. The bottom line suffered from increased provisions because of higher slippages. The bank recorded fresh slippages which increased by 33% year-over-year to reach ₹1,812 crore while provisions and contingencies more than doubled to ₹1,208 crore. Gross NPAs experienced a minor deterioration because they increased to 1.48%. The bank achieved a 6% increase in net interest income which reached ₹7,259 crore although its net interest margin decreased to 4.65% from 5.02%. The bank experienced a 13% increase in deposits which reached ₹4.92 trillion but its CASA ratio decreased to 40.9%. The home loans and corporate banking segments of Kotak Mahindra Bank led advances growth but the credit card business experienced a 12% decline. The bank demonstrated environmental resistance through its 23% capital adequacy ratio.

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