Kotak Mahindra Bank on Friday reported a 5 per cent year-on-year rise in its consolidated net profit for the third quarter of FY26, helped by steady growth in advances, deposits and assets under management.The bank’s consolidated profit after tax (PAT) for the quarter ended December 31, 2025, stood at ₹4,924 crore, compared to ₹4,701 crore in the same period last year. On a quarter-on-quarter basis, profit increased by 10 per cent. The consolidated results include an estimated post-tax cost of ₹98 crore due to the new Labour Code.
On a standalone basis, the bank posted a PAT of ₹3,446 crore for Q3FY26, up 4 per cent year-on-year and 6 per cent sequentially. Net interest income rose 5 per cent year-on-year to ₹7,565 crore, while net interest margin stood at 4.54 per cent.Net advances grew 16 per cent to ₹4.81 lakh crore, while total deposits increased 15 per cent to ₹5.43 lakh crore. The CASA ratio stood at 41.3 per cent as of December 31, 2025.
Asset quality improved during the quarter, with gross non-performing assets declining to 1.30 per cent from 1.50 per cent a year ago. The provision coverage ratio stood at 76 per cent.At the consolidated level, customer assets rose 15 per cent year-on-year to ₹5.99 lakh crore, while assets under management increased to ₹7.88 lakh crore. Capital adequacy remained strong at 23.3 per cent under Basel III norms.