The cost-to-income rate has improved to 45.58% in Q1FY2027 from 46.73% in the previous quarter and 46.19% in the corresponding quarter last year. The credit cost (NPA provisions as an annualized percentage of loans) declined to 0.51% in Q1FY2027 from 1.05% in Q1FY2026. The loan growth of the bank was steady at 15% at end June 2026. The business growth of the bank eased to 13% at end June 2026.

On consolidated front, the bank has reported 23% growth in the Net Profit to Rs 5480.46 crore for the quarter ended June 2026, up from Rs 4472.18 crore in the quarter ended June 2026. NII increased 10% to Rs 10652.03 crore, while other income moved up 24% to Rs 11714.03 crore. The operating profit improved 12% to Rs 8273.69 crore in the quarter ended June 2026. Provisions and contingencies have declined 42% to Rs 764.83 crore, while the effective tax rate was at 26.93% in Q1FY2027, compared with 26.8% in Q1FY2026.

Asset quality stable: The bank has maintained stable asset quality in the quarter ended June 2026.

On standalone basis, GNPA ratio has improved to 1.18% and NNPA ratio stood at 0.27% at end June 2026.

The SMA-2 category loans of the bank was stable at Rs 249 crore at end June 2026 from Rs 194 crore a quarter ago and Rs 340 crore a year ago.

Capital Adequacy ratio under Basel III including profits stood at 22.80% with the Tier I of 22.40% at end June 2026.

Business Highlights: Standalone Business Highlights

The business level of the bank increased 13% yoy to Rs 1085069 crore at end June 2026. The deposits moved up 12% to Rs 572820 crore, while advances increased 15% to Rs 512249 crore at end June 2026. The credit-deposit ratio increased to 89.43% at end June 2026 from 86.65% a quarter ago.

Segment wise, corporate banking recorded loan growth of 15% to Rs 121875 crore, CV/CE 5% to Rs 45081 crore, tractor Finance 11% to Rs 19792 crore, home loans & LAP 15% to Rs 150903 crore, personal loans 5% to Rs 25589 crore end June 2026 over June 2026.

The CASA deposits ratio eased to 40.3% at end June 2026 from 43.27% a quarter ago and 40.88% a year ago. The cost of saving account deposits rose to 2.86% at end June 2026 from 2.8% at end March 2026.

The bank has added 25 branches and 7 ATMs in the quarter ended June 2026. The branch and ATMs network of the bank stood at 2301 branches and 2734 ATMs at end June 2026.

Book Value per share of the bank stood at Rs 141.7 per share at end June 2026. Adjusted book value (net of NNPA and 10% of restructured advances) stood at Rs 140.3 per share at end June 2026.

Consolidated Business Highlights

Consolidated customer assets increased 16% to Rs 645812 crore at end June 2026. Book Value per share stood at Rs 189.2 per share at end June 2026, while adjusted book value (net of NNPA) stood at Rs 187.3 per share at end June 2026.

Consolidated Quarterly Performance:

On the consolidated front, the bank has reported 23% increase in the net profit at Rs 5480.46 crore, with the NII growth of 10% to Rs 10652.03 crore in the quarter ended June 2026. Non-interest income increased 24% to Rs 11714.03 crore and net total income moved up 17% to Rs 22366.06 crore in the quarter ended June 2026. The expense ratio was higher at 63.0%, while the tax rate was steady at 26.9% in the quarter ended June 2026.

Kotak Prime has reported 17% yoy improvement in the net total income at Rs 872 crore for Q1FY2027, while net profits rose 30% to Rs 354 crore. Total customer asset moved up 34% yoy to Rs 55593 crore at end June 2026. Car advances constituting 82.7% of the total customer assets increased 35% to Rs 45960 crore. Asset quality has been stable with %NNPA steady at 1.00% at end June 2026.

Kotak Mahindra Life Insurance has reported 28% increase in the gross premium collection to Rs 3674 crore in Q1FY2027. PAT increased 3% to Rs 336 crore in Q1FY2027. Solvency ratio eased to 2.20% in Q1FY2027 against 2.40% in Q1FY2026.

Kotak Securities has reported PAT at Rs 533 crore in Q1FY2027, exhibiting 15% surge from Rs 465 crore in Q1FY2026. Total income moved up 25% to Rs 1809 crore. Market share was at 10.4% at end June 2026 from 9.8% a quarter ago and 10.1% a year ago.

Kotak Mahindra Capital has reported a net profit of Rs 89 crore, against Rs 89 crore in the corresponding quarter last year. AUM increased 8% to Rs 805531 crore at end June 2026 over June 2026.

Kotak Mahindra AMC and Trustee Co reported 16% surge in Average AUM at Rs 609499 crore in the quarter ended June 2026. The net profit of the company jumped 22% to Rs 399 crore in Q1FY2027.

Standalone Financial Performance - FY2026:

For the year ended March 2026 (FY2026), the bank posted 15% decline in the net profit to Rs 14007.70 crore. The net interest income increased 6% to Rs 30010.07 crore, while the non-interest income improved 2% to Rs 11623.29 crore in FY2026. Expense ratio dipped sharply to 47.0% in FY2026 compared to 47.2% in FY2025. The provision and contingencies declined 18% to Rs 3481.18 crore FY2026. The profit before tax rose 3% to Rs 18585.72 crore in FY2026. The effective tax rate was marginally higher at 24.6% in FY2026 compared to 23.8% in FY2025. Net profit declined 15% to Rs 14007.70 crore in FY2026.

Consolidated Financial Performance - FY2026:

For the year ended March 2026 (FY2026), the bank posted 13% decline in the net profit to Rs 19287.89 crore. The net interest income improved 7% to Rs 40161.23 crore, while non-interest income rose 2% to Rs 38150.28 crore in FY2026. Expense ratio was higher at 61.8% in FY2026 compared to 61.2% in FY2025. The provision and contingencies rose 1% to Rs 3900.39 crore in FY2026. The profit before tax increased 3% to Rs 25992.72 crore in FY2026. The effective tax rate was higher at 26.2% in FY2026 compared to 24.3% in FY2025. The net profit declined 13% to Rs 19287.89 crore in FY2026.