Kotak Mahindra Bank reported a 4 per cent YoY profit growth in the third quarter of FY26. The bank reported a standalone net profit of Rs 3,446 crore in Q3 FY26. Its net profit in the same quarter of FY25 was at Rs 3,305. On a sequential basis, the bank’s net profit grew by 6 per cent YoY.
Kotak Mahindra Bank’s Net Interest Income (NII) for Q3FY26 increased by 5 per cent on a yearly basis. The bank posted a Net interest income of Rs 7,565 crore in Q3 FY26. The private lender’s NII in the corresponding quarter of the previous fiscal year was at Rs 7,196 crore.
Kotak Mahindra Bank’s Net Interest Margin (NIM) was 4.54 per cent during the December quarter of FY26. The Bank’s NII was 4.93 per cent in Q3FY25 and 4.54 per cent in Q2FY26.
The new labour code resulted in an additional expense of Rs 96 crore in the December quarter.
Kotak Mahindra deposit and advance in Q3
Kotak Mahindra Bank’s Net Advances increased 16 per cent YoY to Rs 480,673 crore as at December 31, 2025, compared to Rs 413,839 crore as at December 31, 2024.
Furthermore, the bank’s Deposits grew to Rs 542,638 crore by the end of Q3 FY26, up 15 per cent YoY from Rs 473,497 crore during Q3 FY25.
The bank’s average Current Deposits grew to Rs 75,596 crore in Q3 FY26, up 14 per cent YoY from Rs 66,589 crore in Q3 FY25. Its Average Fixed rate Savings Deposits grew to Rs 118,505 crore for Q3 FY26.
Kotak Mahindra Bank’s operational growth in Q3
Kotak Mahindra Bank’s GNPA was 1.30 per cent and NNPA was 0.31 per cent as of December 31, 2025. During the same quarter of FY25, its GNPA was 1.50 per cent, and NNPA was 0.41 per cent. By the end of Q3 FY26, its Provision Coverage Ratio stood at 76 per cent.
The bank’s Provisions for Q3 FY26 were Rs 810 crore, compared to Rs 794 crore in Q3FY25 and Rs 947 crore in Q2 FY26.