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# India's Kotak Mahindra Bank posts 26% rise in Q1 FY27 standalone net profit to ₹4,123 crore
- URL: https://www.theglobalbanker.com/kotak-mahindra-bank-q1-fy27-net-profit-4123-crore/
- Published: 2026-07-18T16:06:00.000Z
- Updated: 2026-10-02T00:30:52.000Z
- Description: Kotak Mahindra Bank reported a 26% year-on-year jump in Q1 FY27 standalone net profit to ₹4,123 crore, with gross NPAs improving to 1.18%.
- Author: TGB Editorial Team
- Tags: Banking News, Asia-Pacific

Kotak Mahindra Bank reported standalone net profit of ₹4,123 crore for the quarter ended 30 June 2026, an increase of 26% from the same period a year earlier, the lender said in its filings on Saturday. Consolidated profit after tax rose 23% to ₹5,480 crore.

Net interest income, the difference between the interest the bank earns on loans and pays on deposits, rose 9% year on year to ₹7,928 crore. Net advances grew 15% year on year to ₹5.12 lakh crore, while average total deposits rose 14%.

#### MARGINS UNDER PRESSURE

Net interest margin fell to 4.53% from 4.65% a year earlier and 4.67% in the previous quarter, while the CASA ratio slipped to 40.3% at 30 June from 40.9% a year earlier. 

The credit-to-deposit ratio was 89.4% at 30 June, up from 86.7% a year earlier. 

Fees and services rose 11% year on year to ₹2,500 crore, operating expenses rose 8% to ₹5,135 crore and operating profit increased 10% to ₹6,131 crore. 

#### ASSET QUALITY STRENGTHENS

Gross non-performing assets improved to 1.18% at 30 June from 1.48% a year earlier, and net NPAs to 0.27% from 0.34%. Fresh slippages fell 27% year on year to ₹1,321 crore, and provisions and contingencies dropped 45% to ₹668 crore.

Standalone return on assets was 2.14% and return on equity 11.98% for the quarter, while the capital adequacy ratio stood at 22.8%. 

The full disclosures, including segment reporting and detailed asset-quality metrics, were released on the investor relations section of the bank's website.