Kotak Mahindra Bank shares jump 2% after Q2 updates impress investors
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Kotak Mahindra Bank shares rose 1.7% to an intraday high of Rs 2,138 on the BSE on Monday, following the release of strong provisional financial figures for the quarter ended September 30, 2025. The rally was fueled by solid year-on-year growth in both deposits and advances, indicating the bank’s continued operational strength and customer trust. The bank reported a 14.4% year-on-year rise in average total deposits, which stood at Rs 5,10,138 crore for the September quarter. This compares with Rs 4,46,110 crore in the same period last year. On a sequential basis, the average deposits rose 3.7% from Rs 4,91,998 crore in the June 2025 quarter. The total deposits at the end of the September quarter reached Rs 5,28,776 crore, marking a 14.6% increase over Rs 4,61,454 crore as of September 30, 2024, and a 3.1% rise from Rs 5,12,838 crore recorded at the end of the June quarter. The bank also posted a 14.6% year-on-year growth in average net ad...