Kotak Mahindra Bank posted robust growth in its core banking franchise in the December quarter, with total deposits up 14.6% year-on-year and net advances rising 16% as of December 31. The strong traction in both liabilities and assets underscores sustained customer confidence and steady credit demand.
Kotak Mahindra Bank continued to deliver healthy business growth in the latest reported quarter, with both deposits and loan book expanding at a strong double-digit pace. The performance highlights the bank’s resilience and its ability to scale its core operations even as the broader operating environment remains competitive and regulated.
Key highlights
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Total deposits at the end of the period were up 14.6% year-on-year, reflecting strong mobilisation across customer segments.
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Net advances as of December 31 grew 16% year-on-year, indicating sustained credit demand and healthy loan book expansion.
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Overall customer assets, including advances and credit substitutes, also showed mid-teens growth, supporting future earnings visibility.
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The growth comes even as the bank continues to operate under earlier RBI restrictions on certain digital activities, underscoring the strength of its franchise and physical distribution.
Sources: Exchange filings, Kotak Mahindra Bank investor updates, Reuters, The Economic Times.