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Kotak Bank Sees Profit Rise Amidst Banking Challenges
24 Jan
Summary
- Kotak Mahindra Bank reported a 4.3% net profit increase to ₹3,446 crore.
- Customer assets surged 15% year-on-year to ₹598,780 crore.
- Board approved raising up to ₹15,000 crore via debentures.
Kotak Mahindra Bank reported a consolidated net profit of ₹3,446 crore for the December quarter of FY26, marking a 4.3% year-on-year increase. Operating profit also saw a 4% rise to ₹5,380 crore, driven by steady net interest income growth of approximately 5% to ₹7,565 crore.
Consolidated customer assets, including advances, grew by 15% year-on-year to ₹598,780 crore as of December 31, 2025. Assets under management also increased by 15%, with domestic mutual fund assets seeing a 20% YoY rise.
The bank's board has approved a proposal to raise up to ₹15,000 crore through unsecured, non-convertible debentures in FY 2026-27. This move is pending shareholder approval and necessary regulatory clearances.
