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The Economic Times

Debaroti Adhikary

Kotak Mahindra Bank shares jump 4% as Q2 net advances rise 25% YoY, deposits up 23%

Kotak Mahindra Bank Anup Kumar Saha Ashok Vaswani Debaroti Adhikary SEBI

Shares of Kotak Mahindra Bank rallied 4% to their day's high of Rs 431 on the NSE on Tuesday after the private lender released its provisional business update for the July-September quarter of FY27, reporting nearly 25% year-on-year rise in net advances to Rs 5.77 lakh crore.

The company released the update in post-market hours on Monday, showing growth in end-of-period advances from Rs 4.63 lakh crore reported in the corresponding quarter of the previous financial year. Sequentially, Kotak Mahindra Bank’s net advances increased around 13% from Rs 5.12 lakh crore in the April-June quarter of the ongoing financial year 2027.

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