Mumbai, October, 2025.

The Board of Directors of Kotak Mahindra Bank (“the Bank”) approved the unaudited standalone and consolidated results for the quarter and half-year endedSeptember 30, 2025, at the Board meeting held in Mumbai, today.

Consolidated results at a glance

Consolidated PAT for Q2FY26 stood at ₹ 4,468 crore (₹ 5,044 crore in Q2FY25).

PAT of Bank and key subsidiaries given below:

Consolidated Customer Assets which comprise Advances (incl. IBPC & BRDS) and Credit Substitutes grew to ₹ 576,339crore as at September30, 2025, up 13% YoY from ₹ 510,598 crore as at September 30, 2024.

Total Assets Under Management as at September 30, 2025 grew to ₹ 760,598crore , up 12% YoY from ₹ 680,838 crore as at September 30, 2024. The Domestic MF Equity AUM increased by 14% YoY to ₹ 362,694 crore as at September 30, 2025.

Consolidated Networth as at September 30, 2025 was ₹ 167,935crore. The Book Value per Share increased to ₹ 844as at September 30, 2025, up 14% YoY from ₹ 740 as at September 30, 2024.

At the consolidated level, Return on Assets (ROA) for Q2FY26 (annualized) was 1.97%. Return on Equity (ROE) for Q2FY26 (annualized) was 10.65%.

Consolidated Capital Adequacy Ratio as per Basel III as at September 30, 2025 was 22.8% and CET I ratio was 21.8% (including unaudited profits).

Average Liqudity Coverage Ratio stood at 132% for Q2FY26.

Kotak Mahindra Bank standalone results

Net Advances increased 16% YoY to ₹ 462,688 crore as at September 30, 2025 from ₹ 399,522 crore as at September 30, 2024.

Average Total Deposits grew to ₹ 510,538 crore for Q2FY26, up 14% YoY from ₹ 446,110 crore for Q2FY25. Average Current Deposits grew to ₹ 70,220crore for Q2FY26, up 14% YoY from ₹ 61,853 crore for Q2FY25. Average Fixed rate Savings Deposits grew to ₹ 113,894 crore for Q2FY26, up 8% YoY from ₹ 105,584 crore for Q2FY25.

Average Term Deposits grew to ₹ 311,889 crore for Q2FY26, up 20% YoY from ₹ 259,434 crore for Q2FY25.

CASA ratio as at September 30, 2025 stood at 42.3%. Activ Money grew 10% YoY to ₹ 57,768 crore.

Credit to Deposit ratio as at September 30, 2025 stood at 87.5%.

Customers as on September 30, 2025 were 5.2 crore.

Net Interest Income (NII) for Q2FY26 increased to ₹ 7,311crore, up 4% YoY from ₹ 7,020 crore in Q2FY25.

Net Interest Margin (NIM) was 4.54% for Q2FY26. Cost of funds was 4.70% for Q2FY26.

Fees and services for Q2FY26increased to ₹ 2,415crore, up 4% YoY from ₹ 2,312crore in Q2FY25.

Operating expenses for Q2FY26 increased to ₹ 4,632 crore, up 1% YoY from ₹ 4,605 crore in Q2FY25.

Operating profit for Q2FY26 increased to ₹ 5,268 crore, up 3% YoY from ₹ 5,099crore in Q2FY25.

Credit cost (annualised) for Q2FY26 stood at 0.79% (0.93% for Q1FY26).

The Bank’s PAT for Q2FY26 stood at ₹ 3,253 crore (₹ 3,344 crore in Q2FY25).

As at September 30, 2025, GNPA was 1.39%& NNPA was 0.32% (GNPA was 1.49% & NNPA was 0.43% at September 30, 2024). As at September 30, 2025, Provision Coverage Ratio stood at 77%.

Standalone Return on Assets (ROA) for Q2FY26 (annualized) was 1.88%.  Return on Equity (ROE) for Q2FY26 (annualized) was 10.38%.

Capital Adequacy Ratio of the Bank, as per Basel III, as at September 30, 2025was 22.1% and CET1 ratio of 20.9% (including unaudited profits).