Kotak Mahindra Bank Ltd. Advances Rise 25%

Kotak Mahindra Bank reported strong business momentum in the September quarter, with net advances rising **24.7% year-on-year to ₹5.77 lakh crore** as of September 30, 2026. The growth reflects continued expansion in the bank’s lending business. The bank’s total deposits increased **23.2% year-on-year to ₹6.51 lakh crore**, while current account and savings account (CASA) deposits grew 11.3% to ₹2.39 lakh crore. The figures indicate healthy deposit mobilisation, although the slower growth in CASA compared with overall deposits remains an important factor to monitor. Kotak Mahindra Bank shares gained around 4% on October 6 following the quarterly business update. Brokerages Citi and Goldman Sachs maintained positive views, with Goldman Sachs raising its price target after assessing the latest operating performance. Investors will now focus on the bank’s upcoming quarterly results, scheduled for review on October 24, with particular attention on net interest margins, credit growth, asset quality and profitability. Strong advances and deposit growth remain positive indicators, while the impact of higher interest rates on funding costs will be closely watched.