Kotak Mahindra Bank Q1 profit up 22.6% to ₹5,480.46 crore

Kotak Mahindra Bank, a private lender, announced on Saturday that its consolidated net profit rose 22.55% to ₹5,480.46 crore for the first quarter of FY 2026‑27.

In the same quarter of the previous fiscal year, the bank’s net profit was ₹4,472.18 crore.

On a standalone basis, net profit for the June 2026 quarter reached ₹4,122.96 crore, up from ₹3,281.68 crore a year earlier.

The bank’s core net interest income grew 9% year‑on‑year to ₹7,928 crore in the reporting quarter, compared with ₹7,259 crore in Q1FY26.

Nevertheless, the net interest margin slipped to 4.53% in the June quarter, down from 4.65% a year ago and 4.67% in the preceding quarter.

Fee and service income climbed 11% to ₹2,500 crore in the quarter, versus ₹2,249 crore a year earlier; on a sequential basis it fell 10%.

Total deposits increased 14% year‑on‑year to ₹5.59 lakh crore in Q1FY27, up from ₹4.92 lakh crore in Q1FY26, as shown in the investor presentation.

Current‑account deposits rose 15% year‑on‑year to ₹78,107 crore.

Advances jumped 15% year‑on‑year to ₹5.28 lakh crore in the June quarter, from ₹4.59 lakh crore a year earlier.

Asset quality also improved, with the gross non‑performing asset (NPA) ratio at 1.18% as of 30 June 2026, compared with 1.48% on 30 June 2025 and 1.20% on 31 March 2026.

Published on July 18, 2026