Ahead of its second quarter earnings, Kotak Mahindra Bank released its business update and said it reported a steady growth in its deposits and advances for the quarter ended September 30.
Advances up 15.8% year-on-year
Kotak Mahindra Bank’s net advances stood at Rs 4.62 lakh crore, up 15.8% from Rs 3.99 lakh crore a year ago. On a sequential basis, advances rose 4% from Rs 4.44 lakh crore in the June quarter.
The average net advances for the quarter came in at Rs 4.47 lakh crore, marking a 14.6% year-on-year increase.
Kotak Mahindra Bank’s CASA deposits rise 11.2%
Kotak Mahindra Bank’s current account savings account (CASA) deposits, grew 11.2% year-on-year to Rs 2.23 lakh crore and 6.7% on sequential basis from Rs 2.09 lakh crore in the previous quarter.
The average CASA for the September quarter stood at Rs 1.98 lakh crore, higher by 6.2% on-year.
Total deposits up 14.6%
Total deposits climbed to Rs 5.28 lakh crore, reflecting a 14.6% increase from Rs 4.61 lakh crore a year ago and a 3.1% rise compared to the June 2025 quarter. The average total deposits grew 14.4% year-on-year to Rs 5.10 lakh crore.
Kotak Mahindra Bank highlighted that the figures for the September 2025 quarter are provisional and subject to limited review by statutory auditors.