Kotak Mahindra Bank disclosed the figures for its business in the first quarter of the fiscal year 2026. The private sector bank reported an impressive 14 percent growth in net advances and a 14.6 percent growth in total deposits.
Kotak Mahindra Bank: Q1 deposits
As per the exchange filings by Kotak Mahindra Bank, its total deposits at the end of the period reached Rs 5.12 lakh crore in Q1FY26. In the corresponding quarter of last year, the bank’s deposits stood at Rs 4.47 lakh crore. While on a year-on-year basis the bank’s deposits have risen by 14.6 percent, on a QoQ basis the deposits have increased by just 2.8 percent.
The bank’s CASA (Current Account and Savings Account) stood at 2.09 lakh crore at the end the first quarter of FY26. While the CASA deposits increased by 7.9 percent on a YoY basis, it has also witnessed a de-growth of 2.2 percent on a QoQ basis.
Kotak Mahindra’s advances in Q1
Kotak Mahindra Bank’s total advances, at the end of the period, stood at Rs 4.44 lakh crore in Q1. Last year, in QFY25, its total advances stood at Rs 3.89 lakh crore, registering a 14 percent YoY growth in the quarter.
On a quarter-on-quarter basis, Kotak Mahindra Bank’s advances increased by 4.2 percent as it was Rs 4.26 lakh crores in the quarter ended March 31, 2025.
Motilal Oswal recommends ‘Buy’
Looking at Kotak Mahindra Bank’s strong growth in Q1, Motilal Oswal has recommended a ‘Buy’ for the bank’s stock. In a report, Motilal Oswal said that KMB’s loan growth remained strong, outpacing system growth and exceeding our expectations, while deposit growth remained healthy and broadly in line with our estimates.
The report further added that Kotak Mahindra Bank’s CD ratio rose to 86.7 percent in Q1FY26 from 85.5% in 4QFY25.