Kotak Mahindra Bank Q3 Results

reported its Q3 FY26 results on showcasing a resilient performance with consistent growth in core income and a significant improvement in asset quality. Net Profit: Consolidated net profit rose 4.3% YoY to ₹3,446 crore, up from ₹3,305 crore. Net Interest Income (NII): Grew 5% YoY to ₹7,565 crore, driven by healthy lending and stable margins. Operating Profit: Increased to ₹5,380 crore, a 4% rise compared to the previous year. Efficiency: Average cost of funds improved significantly, dropping to 4.54% from 5.06% in Q3 FY25. Asset Quality: Gross NPA (GNPA) improved sequentially to 1.30% (from 1.39% in Q2), while Net NPA (NNPA) dipped to 0.31%. Loan Growth: Consolidated customer assets surged 15% YoY to ₹5,98,780 crore. Standalone advances grew 16% to ₹4,80,673 crore. Deposits: Total deposits rose 15% YoY to ₹5,42,638 crore, maintaining a healthy CASA ratio of 41.3%. Returns: Annualized RoA stood at 2.10%, with an RoE of 11.39%. ₹15,000 Crore Fundraise: The board has approved raising up to ₹15,000 crore via NCDs in FY 2026–27 to support future growth. AUM Growth: Mutual fund AUM saw a robust 20% YoY increase, reaching ₹5,86,610 crore. Market Outlook: With a customer base now at 5.1 crore and a strengthening balance sheet, Kotak Bank remains well-positioned to navigate the challenging banking environment.