Kotak Mahindra Bank Q2 update: Avg deposits up 14% YoY, avg net advances rise 15%
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Kotak Mahindra Bank released its provisional financial figures for the second quarter ended September 30, reporting a year-on-year (YoY) growth of 14.4% in average total deposits, which stood at Rs 5,10,138 crore. The bank also posted a 14.6% YoY growth in its average net advances. In the same period last year, the average total deposits were Rs 4,46,110 crore. On a sequential basis, the average deposits rose by 3.7% compared to Rs 4,91,998 crore in the June 2025 quarter. The bank’s average net advances amounted to Rs 4,47,809 crore for the September 2025 quarter. This compares with Rs 3,90,590 crore in the same quarter a year ago. On a quarter-on-quarter basis, average net advances grew by 4% from Rs 4,30,449 crore in the June 2025 quarter. As per the data, net advances at the end of the period stood at Rs 4,62,552 crore as of September 30, 2025, reflecting a 15.8% increase over Rs 3,99,522 crore recorded at the end of September 2024. Co...