Further, the bank’s net interest income (NII) also witnessed a growth of 5% YoY at Rs 7,565 crore, versus Rs 7,196 crore in Q3FY25. Sequentially, it is up 3% from Rs 7,311 crore in Q2FY26.
Further, the consolidated PAT for Q3FY26 came in at Rs 4,924 crore, marking a 5% year-on-year increase from Rs 4,701 crore in Q3FY25 and a 10% sequential rise from Rs 4,468 crore in Q2FY26.
Net interest margin (NIM) stood at 4.54% in Q3FY26, compared with 4.93% in Q3FY25, and remained flat sequentially from 4.54% in Q2FY26.
The bank’s total customer assets under management (AUM) stood at Rs 7,87,950 crore as of December 31, 2025, reflecting a 15% year-on-year increase from Rs 6,85,134 crore a year earlier, while domestic mutual fund AUM rose 20% YoY to Rs 5,86,610 crore.
On the asset quality front, as of December 31, 2025, the gross non-performing asset (GNPA) ratio stood at 1.30%, down from 1.50% a year earlier, while the net NPA (NNPA) improved to 0.31% from 0.41% over the same period. The provision coverage ratio (PCR) as of December 31, 2025, stood at 76%.Kotak Mahindra Bank reported a 16% year-on-year (YoY) increase in net advances to Rs 4,80,673 crore as of December 31, 2025, compared to Rs 4,13,839 crore a year earlier. Customer assets, which include advances (such as IBPC and BRDS) and credit substitutes, rose 15% YoY to Rs 5,29,455 crore from Rs 4,59,436 crore in the same period last year.Total period-end deposits stood at Rs 5,42,638 crore for Q3FY26, registering a 15% YoY growth over Rs 4,73,497 crore in Q3FY25. Average total deposits rose 15% YoY to Rs 5,26,025 crore from Rs 4,58,614 crore.
Within this, average current deposits increased 14% YoY to Rs 75,596 crore, while average fixed rate savings deposits rose 12% YoY to Rs 1,18,505 crore. Average term deposits grew 19% YoY to Rs 3,18,070 crore for the quarter, compared to Rs 2,67,743 crore in Q3FY25.
The CASA ratio as of December 31, 2025, stood at 41.3%.
Provisions for Kotak Mahindra Bank in Q3FY26 stood at Rs 810 crore, compared to Rs 794 crore in Q3FY25 and Rs 947 crore in Q2FY26. The annualised credit cost for the quarter was 0.63%, down from 0.68% in Q3FY25 and 0.79% in Q2FY26.
The private lender reported a standalone Return on Assets (ROA) of 1.89% and a Return on Equity (ROE) of 10.68% for Q3FY26 (annualised). The bank’s Capital Adequacy Ratio, as per Basel III norms, stood at 22.6% as of December 31, 2025, with a CET1 ratio of 21.5%, including unaudited profits.
In a separate development, the bank’s board has also approved a proposal to raise funds by way of issuance of Unsecured, Redeemable, Non-Convertible Debentures, on a privateplacement basis, for an amount up to Rs. 15,000 crore.
“Pursuant to Regulation 30 and Regulation 51 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“Listing Regulations”), this is to inform you that the Board of Directors of Kotak Mahindra Bank Limited (“Bank”) have, at their meeting today, on January 24, 2026, inter alia, approved a proposal to enable the Board of Directors of the Bank to raise funds by way of issuance of Unsecured, Redeemable, Non-Convertible Debentures, on a private placement basis, for an amount up to Rs. 15,000 crore, in one or more tranches / series, during FY 2026-27, subject to the approval of the members of the Bank and any other approvals as may be necessary,” the bank stated in its regulatory filing to the stock exchanges.
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