Kotak Mahindra Bank is set to release its second-quarter results on October 24. With many private sector banks, including HDFC Bank, ICICI Bank, Axis Bank, IndusInd Bank, and IDFC First Bank, having already announced their Q2 results on Saturday, October 18, all eyes are now on Kotak Mahindra Bank. Analysts expect the bank to deliver a stable September quarter (Q2FY26) and possibly outperform peers.

Kotak Mahindra Bank Q2FY26 preview: Key factors to watch out for-

 1) Commentary on NIMs 

2) Growth outlook 

3) Asset quality among others.

Kotak Mahindra Bank Q2FY26 preview: Axis Securities bets on growth pick-up

Axis Securities Equity Research expects Kotak Mahindra Bank to see pickup in growth, with particular focus on the resumption of growth in the unsecured segment. The report by Axis Securities Equity Research noted that “margin compression is imminent, though the quantum is expected to be meaningfully lower quarter-on-quarter,” reflecting stability in the bank’s core operations. Fee income is anticipated to remain healthy, while operating expense ratios may see a slight uptick. Asset quality is projected to stay broadly stable, with credit costs under control.

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Axis Securities highlighted that commentary on NIMs and growth outlook, especially meaningful growth resumption in the unsecured book will be key monitorables.

Kotak Mahindra Bank Q2FY26 preview: InCred Equities sees margins to outperform peers

Incred Equities expects Kotak Mahindra Bank to perform relatively better on margins/growth as compared to large private peers over the near- to medium-term.

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“Kotak Mahindra Bank can deliver relatively better margin progression over the medium term vs. peer large private banks. Given its small market share & strong liability franchise, the bank has the potential to sustainably deliver 2-3 percentage points better volume growth than large private peers. We therefore expect some revival of growth premium. At the current valuation, the risk reward ratio appears attractive despite RoE differential vs. large private peers.” Incred Equities added.

Kotak Mahindra Bank Q2FY26: Anand Rathi sees 7% NII gain

Anand Rathi estimates Kotak Mahindra Bank to report a net interest income (NII) likely to grow 7% year-on-year and 3.4% quarter-on-quarter, while profit after tax (PAT) may rise by 3.6% YoY and 5.5% QoQ.