Kotak Mahindra bank sees rise in CASA. (Image: Vijay Sartape/NDTV Profit) Show Quick Read Summary is AI Generated. Newsroom Reviewed

Kotak Mahindra Bank’s net advances rose 15.8% year-on-year to Rs 4.62 lakh crore in the July-September quarter, according to provisional numbers disclosed by the lender on Monday. On a sequential basis, it advanced by 4% from Rs 4.44 lakh crore.

The bank's total deposits stood at Rs 5.28 lakh crore, up by 14.6% from Rs 4.61 lakh crore in the year-ago period. In the previous quarter the bank had reported its total deposits as Rs 5.12, marking a sequential rise of 3.1% for the current quarter.

The current account and savings account, or CASA, also saw an 11.2% rise year-on-year to Rs 2.23 lakh crore from Rs 2.01 lakh crore. The bank also noted a sequent

See Full Page