From mint · A Ksheerasagar · · 1m 30s
Kotak Mahindra Bank Shares Rise 4.3% to ₹459
Kotak Mahindra Bank shares hit highest level since April 2025 after 26% profit jump.
In brief
Kotak Mahindra Bank shares hit highest level since April 2025 after 26% profit jump. Kotak Mahindra Bank shares rose 4.3% to ₹459, their highest level since April 2025, following a 26% quarterly profit increase. Originally reported by mint.
Kotak Mahindra Bank Shares Rise
Kotak Mahindra Bank shares rose 4.3% to ₹459, their highest level since April 2025.
Q2 Profit Jump
The bank reported a 26% jump in consolidated net profit for the September quarter at ₹5,645 crore.
Banking Stock Rally
The rally marked the stock’s biggest single-day gain in over a year, offering relief to shares under pressure.
Court Order on Fraud
The Delhi High Court directed social media platforms to remove fraudulent accounts impersonating Kotak Mahindra Bank and Kotak Securities.
Regulatory Directives
The court also ordered MeitY and DoT to issue blocking notifications against infringing URLs.
Profit Breakdown
On a standalone basis, the bank reported a 29% increase in profit after tax at ₹4,212 crore, aided by core income growth.
Net Interest Margin
Core net interest income rose 16% to ₹8,459 crore, helped by a 25% jump in net advances.
FCNR(B) Impact
Mobilisation of ₹55,344 crore of FCNR(B) deposits led to NIM compression during the quarter.
Asset Quality
Slippages declined to ₹1,230 crore, and gross non-performing assets ratio improved to 1.04%.
Capital Adequacy
The Capital Adequacy Ratio was at 21.9%, including core CET1 buffer at 21.4% as of September 30, 2026.
Here's the gist
Kotak Mahindra Bank shares rose 4.3% to ₹459, their highest level since April 2025, following a 26% quarterly profit increase.
