Mumbai, Oct 25: Kotak Mahindra Bank reported a 2.7% YoY decline in its Q2 net profit to Rs 3,253 crore for Q2 FY26, down from Rs 3,344 crore in the same period last year.

Despite the dip, the bank’s net interest income rose by 4% to Rs 7,311 crore, while the net interest margin stood at a healthy 4.54 per cent.

The lender’s advances book expanded by 16% to Rs 4,62,688 crore, reflecting robust credit demand. Average total deposits and current deposits also rose by 14%.

Asset quality improved, with the gross non-performing assets ratio declining to 1.39 per cent.

See Full Page