Slippages for Q4FY26 decreased to ₹ 1,018 crore, down 32% YoY from ₹ 1,488 crore in Q4FY25. As at March 31, 2026, GNPA was 1.20% & NNPA was 0.25% (GNPA was 1.42% & NNPA was 0.31% as at March 31, 2025).
The Board of Directors of Kotak Mahindra Bank (“the Bank”) approved the audited standalone and consolidated results for the quarter and financial year ended March 31, 2026, at the Board meeting held in Mumbai, today.
Kotak Mahindra Bank standalone results
The Bank’s PAT for Q4FY26 increased to ₹ 4,027 crore, up 13% YoY from ₹ 3,552 crore in Q4FY25 (up 17% QoQ from ₹ 3,446 crore in Q3FY26). PAT for FY26 stood at ₹ 14,008 crore, up 2% YoY from ₹ 13,720 crore in FY25 (excluding gain on ZKGI divestment).
Net Interest Income (NII) for Q4FY26 increased to ₹ 7,876 crore, up 8% YoY from ₹ 7,284 crore in Q4FY25 (up 4% QoQ from ₹ 7,565 crore in Q3FY26) and for FY26 increased to ₹ 30,010 crore, up 6% YoY from ₹ 28,342 crore in FY25.
Net Interest Margin (NIM) was 4.67% for Q4FY26 (4.97% for Q4FY25 and 4.54% for Q3FY26). NIM was 4.60% for FY26 (4.96% for FY25).
Cost of funds was 4.45% for Q4FY26 (5.09% for Q4FY25 and 4.54% for Q3FY26). Cost of funds was 4.67% for FY26 (5.10% for FY25).
Fees and services for Q4FY26 increased to ₹ 2,767 crore, up 6% YoY from ₹ 2,616 crore in Q4FY25 (up 9% QoQ from ₹ 2,549 crore in Q3FY26) and for FY26 increased to ₹ 9,981 crore, up 5% YoY from ₹ 9,530 crore in FY25.
Operating expenses for Q4FY26 increased to ₹ 5,137 crore, up 3% YoY from ₹ 4,994 crore in Q4FY25 (up 2% QoQ from ₹ 5,023 crore in Q3FY26) and for FY26 increased to ₹ 19,566 crore, up 4% YoY from ₹ 18,754 crore in FY25. Cost to assets was 2.73% for Q4FY26 and 2.75% for FY26.
Operating profit for Q4FY26 increased to ₹ 5,855 crore, up 7% YoY from ₹ 5,472 crore in Q4FY25 (up 9% QoQ from ₹ 5,380 crore in Q3FY26) and for FY26 increased to ₹ 22,067 crore, up 5% YoY from ₹ 21,006 crore in FY25.
Provisions for Q4FY26 decreased to ₹ 516 crore, down 43% YoY from ₹ 909 crore in Q4FY25 (down 36% QoQ from ₹ 810 crore in Q3FY26) and for FY26 was ₹ 3,481 crore (₹ 2,942 crore for FY25). Credit cost (annualised) for Q4FY26 stood at 0.39% (0.64% for Q4FY25 and 0.63% for Q3FY26) and for FY26 stood at 0.65% (0.60% for FY25).
Net Advances increased 16% YoY to ₹ 496,009 crore as at March 31, 2026 from ₹ 426,909 crore as at March 31, 2025. Customer Assets which comprise Advances (incl. IBPC & BRDS) and Credit Substitutes grew to ₹ 545,716 crore as at March 31, 2026, up 14% YoY from ₹ 477,855 crore as at March 31, 2025.
Total period-end Deposits grew to ₹ 572,456 crore for Q4FY26, up 15% YoY from ₹ 499,055 crore for Q4FY25. Average Total Deposits grew to ₹ 538,301 crore for Q4FY26, up 15% YoY from ₹ 468,486 crore for Q4FY25.
Average Current Deposits grew to ₹ 77,058 crore for Q4FY26, up 18% YoY from ₹ 65,427 crore for Q4FY25. Average Fixed rate Savings Deposits grew to ₹ 122,364 crore for Q4FY26, up 17% YoY from ₹ 104,379 crore for Q4FY25.
Average Term Deposits grew to ₹ 326,403 crore for Q4FY26, up 16% YoY from ₹ 280,448 crore for Q4FY25. CASA ratio as at March 31, 2026 stood at 43.3% (43.0% as at March 31, 2025).
Credit to Deposit ratio as at March 31, 2026 stood at 86.6% (85.5% as at March 31, 2025).
Customers as on March 31, 2026 were 5.2 crore.
