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The Economic Times
The Economic Times
Debaroti Adhikary

Kotak Mahindra Bank shares fall over 3% after Q1 update; advances jump 15% to Rs 5.12 lakh crore

Kotak Mahindra Bank Kotak Deutsche Bank India

The shares of Kotak Mahindra Bank declined over 3% to Rs 383.50 on the BSE on Monday after the private lender announced that its net advances for the quarter which ended on June 30, 2026, rose more than 15% year-on-year (YoY) to Rs 5.12 lakh crore, from Rs 4.45 lakh crore reported in the same period last year.

Kotak Mahindra Bank released its provisional Q1 business update on Saturday. Sequentially, the bank’s net advances (end of period) rose over 3% from Rs 4.69 lakh crore reported for the January-March quarter of FY26.

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