Kotak Bank: Advances up 24.7% YoY to ₹5.77 Lakh Cr in Q2 FY27

Kotak Mahindra Bank Ltd. has reported its provisional deposit and advances figures for the quarter ended September 30, 2026. Net advances saw a significant Year-on-Year (YoY) increase of 24.7%, reaching ₹5,77,094 crore (₹5.77 Lakh Crore) by the end of the quarter, up from ₹4,62,688 crore in the same period last year. Quarter-on-Quarter (QoQ), net advances grew by 12.7%. Total deposits also showed robust growth, rising 23.2% YoY to ₹6,51,491 crore (₹6.51 Lakh Crore). CASA deposits grew 11.3% YoY to ₹2,49,105 crore. The figures are provisional and subject to limited review by the bank's statutory auditors.