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Kotak Mahindra Bank reported business performance in Q1FY27

ICICIdirect Research 06 Jul 2026 DISCLAIMER

News: Kotak Mahindra Bank reported business performance in Q1FY27 (provisional), with net advances (EOP) rising to ₹5,12,171 crore, up 15.1% YoY (3.2% QoQ). Total deposits (EOP) stood at ₹5,72,822 crore, up 11.7% YoY (0.1% QoQ). CASA deposits (EOP) declined to ₹2,31,019 crore, though remained up 10.2% YoY (-6.7% QoQ), reflecting quarter-end moderation in low-cost deposits.

View: Muted sequential deposit growth coupled with a decline in CASA balances may keep pressure on the funding mix and margins in the near term. Liability mobilisation and rebuilding the CASA franchise will remain key monitorables over the coming quarters

Impact: Neutral

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