Kotak Mahindra Bank shares surged 3.7% to ₹431.30 on the NSE after the bank reported robust provisional business updates for the September quarter. Net advances grew 24.7% year-on-year to ₹5,77,094 crore, while total deposits increased 23.2% to ₹6,51,491 crore. The stock’s rise reflects investor confidence following the strong quarterly performance announced on October 6, 2026, according to thehindubusinessline.com.
The bank’s growth was supported by FCNR(B) deposits of $5.78 billion mobilised under the RBI’s swap facility, with corresponding advances of $1.68 billion from international branches. Citi analysts maintained a Buy rating, noting that core loan growth excluding FCNR(B) exposure was 21.6% year-on-year, driven by corporate banking, SME, LAP, and microfinance segments. The CASA ratio declined about 140 basis points sequentially to 37.4%, reflecting a rise in term deposits, thehindubusinessline.com reported.
Kotak Mahindra Bank’s shares have outperformed broader indices, gaining nearly 10% over the past two months while the Nifty 50 and Bank Nifty declined. Analysts attribute this to improving loan growth, clarity on leadership with RBI approval of Anup Saha as MD and CEO starting January 2027, and expectations of an earnings recovery. The stock traded near its 52-week high of ₹452.98, highlighting investor optimism, according to livemint.com.
The bank’s advances and deposits growth outpaced many peers, with advances rising 24.7% year-on-year and deposits up 23.2%. The next key event for investors will be the bank’s Q2 earnings release, which will provide detailed financial results and insights into the sustainability of this growth momentum, thehindubusinessline.com noted.