What was filed
Kotak Mahindra Bank released its unaudited standalone and consolidated results for the quarter ended 30 June 2026 (Q1FY27), approved by the Board on 18 July 2026. This is a **revised** media release: the bank said the Consolidated Average Liquidity Coverage Ratio for Q1FY27 was "inadvertently stated as 138%" in the earlier release and "should be read as 144%". All other contents remain unchanged.
The quarter's numbers
Standalone profit after tax grew year on year, helped by lower provisions and steady operating profit growth. Per the filing, provisions fell sharply from the year-ago quarter, and net interest income rose in single digits. Net interest margin narrowed year on year while cost of funds eased. On the balance sheet, net advances and deposits both grew in double digits year on year, and asset quality improved — GNPA and NNPA ratios were lower than a year ago, with the provision coverage ratio at 78%.
At the consolidated level, profit was carried by the bank plus subsidiaries across broking, asset management, financing and life insurance. The filing notes consolidated PAT rose 5% quarter on quarter when excluding gains on the Infina divestment recorded in the prior quarter.
Capital, scale and franchise
The bank reported a Basel III capital adequacy ratio of 22.8% and CET1 of 22.4% at the standalone level. Book value per share, computed after the January 2026 stock subdivision (₹5 face value split into five ₹1 shares), rose 14% year on year. As at 30 June 2026 the bank served 5.0 crore customers through 2,301 branches and 2,734 ATMs, plus branches in GIFT City and DIFC (Dubai).