Kotak Mahindra Bank Latest Updates

Financial Performance Kotak Mahindra Bank reported a standalone net profit of ₹4,026.55 crore for Q4 FY26, a 13.3% year-on-year (YoY) increase from ₹3,552 crore. Net Interest Income (NII) grew by 8.1% to ₹7,876 crore. For the full financial year 2026, the bank achieved a consolidated profit after tax of ₹19,288 crore. Net Interest Margin (NIM) for the quarter stood at 4.67%, showing a sequential improvement from 4.54% in Q3. Asset Quality Improvement The bank saw a notable strengthening of its balance sheet, with Gross Non-Performing Assets (GNPA) declining to 1.20% from 1.42% a year ago. Net NPA eased to 0.25%, reaching one of the lowest levels in recent years. Slippages for the March quarter dropped significantly by 32% YoY to ₹1,018 crore, while the Provision Coverage Ratio (PCR) improved to 79%. Regulatory Relief and Digital Resumption In a major regulatory development, the Reserve Bank of India (RBI) lifted the nine-month-old restrictions on the bank in February 2026. This allows Kotak Mahindra Bank to resume onboarding new customers through its online and mobile banking channels and issue fresh credit cards. The restrictions had been in place since April 2024 due to IT governance concerns, which the bank addressed through external audits and remedial measures. Dividends and Stock Split The Board has recommended a dividend of ₹0.65 per equity share for FY26. Investors should note that this follows a stock split executed on January 14, 2026, where each share with a face value of ₹5 was sub-divided into five shares with a face value of ₹1 each. Consequently, the current dividend is adjusted to the new face value.