Kotak Mahindra Bank posts 24.7% advance growth in provisional Q2 FY27 update

Kotak Mahindra Bank, one of India’s largest private-sector lenders, released provisional business figures on October 5, 2026, for the quarter ended September 30, 2026 — the second quarter of its fiscal year 2027. The bank reported net advances of ₹5,77,094 crore, up 24.7% from the same quarter a year earlier, alongside total deposits of ₹6,51,491 crore, up 23.2% year-over-year.

The bank also disclosed that CASA balances — deposits held in current and savings accounts, which typically carry lower funding costs than term deposits — rose 11.3% year-over-year to ₹2,49,105 crore. CASA growth running well behind overall deposit growth suggests a larger share of Kotak’s deposit base is shifting toward higher-cost term deposits, a pattern that has shown up across several Indian private banks this reporting season as lenders compete for deposits amid credit growth.

These figures are provisional business metrics rather than full financial results — a standard practice among Indian banks, which often disclose quarter-end loan and deposit figures ahead of complete, audited income statements. Kotak Mahindra Bank said its full results for the quarter, including net interest income, profit, and asset-quality metrics, remain subject to limited review by statutory auditors and are expected by November 14, 2026. The provisional update does not include profitability or margin data, so it is not yet possible to say whether the loan growth is translating into comparable earnings growth.