The numbers are provisional and part of Kotak Bank‘s quarterly updates. It will announce its detailed earnings later.
Net advances were up 4% on a sequential basis versus Rs 4.63 lakh crore in Q2FY26, while total deposits rose nearly 3% quarter-on-quarter to Rs 5.28 lakh crore.
Average net advances in the quarter under review stood at Rs 4.66 lakh crore, up 16% YoY and 2% QoQ, while average total deposits in the October-December quarter of FY26 stood at Rs 5.26 lakh crore, gaining 15% YoY and 3% sequentially.
The bank’s CASA stood at Rs 2.24 lakh crore in Q3FY26 versus Rs 2.24 lakh crore in Q2FY26 and Rs 2 lakh crore in Q3FY25. This was a 12% YoY increase, with a marginal 0.2% QoQ uptick.
Shares of Kotak Bank ended at Rs 2,192.30 on Monday, falling by Rs 2.80 or 0.13% over the Friday closing price. Its shares are trading above their 50-day and 200-day simple moving averages (SMAs) of Rs 2,136 and Rs 2,103, respectively, according to Trendlyne data.
Also read: PNB Q3 updates: Global business grows 9.6% YoY to Rs 28.92 lakh crore, advances jump 11%The Kotak Bank scrip has been a market outperformer with 1-year returns of 19.16% versus 9% by the Nifty in the same period.
Kotak Mahindra Bank had reported a 2.7% YoY decline in its standalone net profit for the September quarter at Rs 3,253 crore, compared to Rs 3,344 crore in the year-ago period. The net interest income (NII) for Q2FY26 increased to Rs 7,311 crore, up 4% YoY from Rs 7,020 crore in Q2FY25.
Also Read: Bajaj Finance Q3 update: New loans booked in December quarter grow 15% YoY, AUM jumps 22%
The bank reported a Net Interest Margin (NIM) of 4.54% for Q2FY26, with a cost of funds of 4.70% during the same period. Its operating profit for Q2FY26 rose to Rs 5,268 crore, marking a 3% year-on-year increase from Rs 5,099 crore in Q2FY25, it said in an exchange filing on October 25.
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