Kotak Mahindra Bank500247Key financial milestone
Deposits and Advances update for the quarter ended September 30, 2026: Net Advances Rs. 5,77,094 crore
Deposits and advances update for the quarter ended September 30, 2026.
- Net Advances (EOP)
- Rs. 5,77,094 crore, up 24.7% YoY and 12.7% QoQ
- Total Deposits (EOP)
- Rs. 6,51,491 crore, up 23.2% YoY and 13.7% QoQ
- CASA (EOP)
- Rs. 2,49,105 crore, up 11.3% YoY
- FCNR(B) Deposits
- USD 5.78 billion (~Rs. 55,344 crore)
- Advances against FCNR(B) Deposits
- USD 1.68 billion (~Rs. 16,110 crore)
What the update says
Kotak Mahindra Bank has informed the exchanges of its Deposits and Advances for the quarter ended September 30, 2026. This is a business update shared ahead of the quarterly results.
Deposits and advances (Rs. in crore)
- Net Advances - EOP: 5,77,094 as of 30-Sep-26, against 5,12,249 as of 30-Jun-26 and 4,62,688 as of 30-Sep-25. Year-on-year 24.7%, quarter-on-quarter 12.7%.
- Net Advances - Average: 5,46,963, against 4,94,854 and 4,47,809. Year-on-year 22.1%, quarter-on-quarter 10.5%.
- CASA - EOP: 2,49,105, against 2,31,017 and 2,23,791. Year-on-year 11.3%, quarter-on-quarter 7.8%.
- CASA - Average: 2,26,469, against 2,16,898 and 1,98,250. Year-on-year 14.2%, quarter-on-quarter 4.4%.
- Total Deposit - EOP: 6,51,491, against 5,72,820 and 5,28,776. Year-on-year 23.2%, quarter-on-quarter 13.7%.
- Total Deposit - Average: 6,06,234, against 5,58,891 and 5,10,138. Year-on-year 18.8%, quarter-on-quarter 8.5%.
What sits inside the September 30, 2026 balances
- FCNR(B) deposits aggregating to USD 5.78 billion (about Rs. 55,344 crore), under the Reserve Bank of India's swap facility for FCNR(B) deposits, converted at the prevailing exchange rate on September 30, 2026.
- Advances aggregating to USD 1.68 billion (about Rs. 16,110 crore) against these FCNR(B) deposits, by the bank's international branches.
Two words explained
- EOP means end of period, the balance on the last day of the quarter. Average is the average balance through the quarter.
- CASA means current account and savings account deposits.
What the reader can take away
- The update is only about balances on the deposit and loan books, with three comparison points: 30-Sep-26, 30-Jun-26 and 30-Sep-25.
- Net Advances on an end-of-period basis grew 24.7% year-on-year, while Total Deposits on the same basis grew 23.2% year-on-year.
- CASA on an end-of-period basis was 2,49,105 crore, up 11.3% year-on-year.
- The bank states the figures as of September 30, 2026 are provisional and subject to limited review by its Statutory Auditors.
Also from Kotak Mahindra Bank
HSBC upgraded Kotak Mahindra Bank from hold to buy with a higher target price of 520 rupees, citing growth outlook after new CEO appointment; Geojit's Gaurang Shah also turned positive on the stock
7 Oct 2026
Chandan Taparia recommended buying Kotak Mahindra Bank on dips, citing strong resilience and a broader range setup
7 Oct 2026
Mitesh Thakkar gave a technical buy call on Kotak Bank stock on a fresh swing high
7 Oct 2026
More numbers
- Net Advances - EOP (30-Sep-26)5,77,094
- Net Advances - Average (30-Sep-26)5,46,963
- CASA - EOP (30-Sep-26)2,49,105
- CASA - Average (30-Sep-26)2,26,469
- Total Deposit - EOP (30-Sep-26)6,51,491
- Total Deposit - Average (30-Sep-26)6,06,234
- Net Advances - EOP YoY %24.7%
- Net Advances - EOP QOQ %12.7%
- Total Deposit - EOP YoY %23.2%
- Total Deposit - EOP QOQ %13.7%
- FCNR(B) deposits included in EOP balances~Rs. 55,344 crore
- Advances against FCNR(B) deposits~Rs. 16,110 crore
Source: BSE · 5 Oct 2026
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