Kotak Bank Q2 Net Profit Jumps 26%, NIM Slips
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓Kotak Mahindra Bank reported a 26% increase in consolidated net profit to ₹5,645 crore for the September quarter.
- ✓Strong loan growth and higher fee income helped the bank.
- ✓However, net interest margins fell to 4.31%.
Story at a Glance
- Category
- MARKET
- Reported By
- Economic Times
- Reading Speed
- 3 Minute(s)
- Market Focus
- India Economy
Kotak Mahindra Bank reported a 26% increase in its consolidated net profit for the September quarter to ₹5,645 crore from ₹4,468 crore a year earlier, aided by strong loan growth, higher fee income and lower provisions. Net interest margins, however, narrowed as the share of low-cost deposits in its funding mix declined.
On a standalone basis, the private sector lender's net profit rose 29% to ₹4,212 crore from ₹3,253 crore in the second quarter of FY26.
Net interest income (NII) increased 16% year-on-year to ₹8,459 crore from ₹7,311 crore. Net interest margin (NIM), however, contracted 23 basis points to 4.31% from 4.54%, even as the cost of funds fell 18 basis points year-on-year to 4.52%.
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Economic Times
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