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15 hours ago
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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. Compared to the previous quarter ended June 30, 2025, where net advances stood at Rs 4,44,823 crore, the growth was 4.0%.
Current Account and Savings Account (CASA) balances at period end were reported at Rs 2,23,791 crore as of September 30, 2025. This represents an 11.2% increase over Rs 2,01,275 crore in the same period last year and a 6.7% increase over Rs 2,09,645 crore in the June 2025 quarter.
The average CASA deposits during the September 2025 quarter stood at Rs 1,98,250 crore, up 6.2% from Rs 1,86,676 crore a year ago, and up 3.3% from Rs 1,91,995 crore in the preceding quarter.
The total deposits at the end of the September 2025 quarter stood at Rs 5,28,776 crore, which marks a 14.6% increase compared to Rs 4,61,454 crore as of September 30, 2024. Compared to the June 2025 quarter-end figure of Rs 5,12,838 crore, this reflects a 3.1% quarter-on-quarter growth.
On Friday, Kotak Mahindra Bank shares closed 1.8% higher at Rs 2,100.90 on the BSE.
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