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Economic Times
4 days ago
- Business
- Economic Times
Kotak Mahindra Bank shares rally 4% as business update shows steady Q1 growth
Kotak Mahindra Bank's shares surged by 4.2% following the release of its Q1FY26 business update. The bank reported a 12.9% year-on-year growth in average deposits, reaching Rs 4,91,998 crore. Net advances also saw a significant increase, growing by 14% year-on-year to reach Rs 4,44,731 crore. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Shares of Kotak Mahindra Bank rallied 4.2% to their day's high of Rs 2,237.35 on the BSE on Tuesday, July 8, after the private sector lender released its business update for the quarter ended June 30, 2025 (Q1FY26).According to provisional data disclosed by the bank, total average deposits for the June quarter stood at Rs 4,91,998 crore, reflecting a 12.9% year-on-year growth compared to Rs 4,35,603 crore in the same period last year. On a sequential basis, average deposits rose 5% from Rs 4,68,486 crore reported in the March 2025 bank's end-of-period (EOP) total deposits stood at Rs 5,12,838 crore as of June 30, 2025, compared to Rs 4,99,055 crore as of March 31, 2025, and Rs 4,47,418 crore as of June 30, 2024. This marks a year-on-year increase of 14.6% and a quarter-on-quarter growth of 2.8%. Kotak Mahindra Bank also reported average CASA (Current Account and Savings Account) deposits of Rs 1,91,995 crore during the June 2025 quarter, up 4.2% from Rs 1,84,306 crore a year ago and 2.1% higher than Rs 1,88,039 crore reported in the previous CASA deposits on an end-of-period basis came in at Rs 2,09,645 crore as of June 30, 2025, slightly lower than Rs 2,14,416 crore in the March quarter, indicating a 2.2% sequential decline. On a year-on-year basis, EOP CASA deposits rose 7.9% from Rs 1,94,222 advances of the bank grew to Rs 4,44,731 crore as of June 30, 2025, compared to Rs 4,26,909 crore as of March 31, 2025, and Rs 3,89,957 crore as of June 30, 2024. This represents a 14% year-on-year growth and a 4.2% rise over the previous Monday, Kotak Mahindra Bank shares closed flat at Rs 2,147 on the suggestions, views, and opinions given by the experts are their own. These do not represent the views of The Economic Times)
Time of India
4 days ago
- Business
- Time of India
Kotak Mahindra Bank shares in focus following Q1 business update
Live Events (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Shares of Kotak Mahindra Bank are likely to be in focus on Tuesday, July 8, after the private sector lender released its business update for the quarter ended June 30, 2025 (Q1FY26).According to provisional data disclosed by the bank, total average deposits for the June quarter stood at Rs 4,91,998 crore, reflecting a 12.9% year-on-year growth compared to Rs 4,35,603 crore in the same period last year. On a sequential basis, average deposits rose 5% from Rs 4,68,486 crore reported in the March 2025 bank's end-of-period (EOP) total deposits stood at Rs 5,12,838 crore as of June 30, 2025, compared to Rs 4,99,055 crore as of March 31, 2025, and Rs 4,47,418 crore as of June 30, 2024. This marks a year-on-year increase of 14.6% and a quarter-on-quarter growth of 2.8%.Kotak Mahindra Bank also reported average CASA (Current Account and Savings Account) deposits of Rs 1,91,995 crore during the June 2025 quarter, up 4.2% from Rs 1,84,306 crore a year ago and 2.1% higher than Rs 1,88,039 crore reported in the previous CASA deposits on an end-of-period basis came in at Rs 2,09,645 crore as of June 30, 2025, slightly lower than Rs 2,14,416 crore in the March quarter, indicating a 2.2% sequential decline. On a year-on-year basis, EOP CASA deposits rose 7.9% from Rs 1,94,222 advances of the bank grew to Rs 4,44,731 crore as of June 30, 2025, compared to Rs 4,26,909 crore as of March 31, 2025, and Rs 3,89,957 crore as of June 30, 2024. This represents a 14% year-on-year growth and a 4.2% rise over the previous Monday, Kotak Mahindra Bank shares closed flat at Rs 2,147 on the suggestions, views, and opinions given by the experts are their own. These do not represent the views of The Economic Times)
