What was filed
Kotak Mahindra Bank released the media statement accompanying its unaudited standalone and consolidated results for the quarter ended June 30, 2026 (Q1FY27), approved by the Board on July 18, 2026. Both standalone and consolidated profit after tax rose at double-digit rates over the year-earlier quarter, with the standalone figure also edging up sequentially from Q4FY26.
Where the profit growth came from
The profit increase leaned heavily on a lower credit cost. Provisions fell 45% year-on-year, with annualised credit cost easing to 0.46% from 0.93% a year earlier, per the filing. Net interest income and operating profit grew more modestly, and net interest margin narrowed to 4.53% from 4.65% a year earlier. The bank said cost of funds declined to 4.46% from 5.01%, and cost to assets improved to 2.66%.
Balance-sheet growth continued: net advances rose 15% year-on-year and period-end deposits rose 12%. The CASA ratio stood at 40.3% versus 40.9% a year earlier, while the credit-to-deposit ratio rose to 89.4% from 86.7%.
Asset quality and capital
Asset-quality metrics improved over the year. GNPA was 1.18% and NNPA 0.27% as at June 30, 2026, against 1.48% and 0.34% a year earlier, with slippages down 27% year-on-year. The provision coverage ratio was 78%. The standalone Basel III capital adequacy ratio was 22.8% and CET1 22.4%.
At the consolidated level, the bank noted that PAT rose 5% sequentially excluding gains on the Infina divestment recorded in the prior quarter, and said book value per share is stated after the January 2026 sub-division of each ₹5 share into five ₹1 shares.