Kotak Mahindra Bank

Kotak Mahindra Bank reported a modest yet stable performance in the third quarter, with net profit rising 4 percent year-on-year to Rs 3,446 crore. The lender’s earnings were supported by steady loan growth, resilient net interest income, and improved asset quality metrics. While operating expenses increased amid branch expansion and technology investments, core banking operations remained robust. Deposit mobilization and retail lending continued to anchor balance sheet strength.

Kotak Mahindra Bank reported a 4% year-on-year increase in net profit for the third quarter, with earnings reaching Rs 3,446 crore. The steady growth was supported by resilient loan expansion, improved net interest income, and stable asset quality. While margins remained under pressure due to evolving interest rate dynamics, the bank maintained disciplined cost management and a diversified revenue mix. Analysts note that Kotak’s conservative lending approach and strong capital position continue to provide stability amid a competitive banking environment.

Kotak Mahindra Bank posted a 3% decline in its second-quarter profit, registering Rs 3,253 crore compared to the previous year, reflecting pressures from higher operating costs and macroeconomic headwinds. Net interest income grew modestly, but elevated provisions and cautious lending strategies impacted overall profitability. The bank continues to focus on retail lending, digital expansion, and risk management to sustain long-term growth.

The Department for Promotion of Industry and Internal Trade (DPIIT) has entered into a strategic collaboration with Kotak Mahindra Bank and Primus Partners to bolster India’s startup ecosystem. The alliance seeks to enhance access to finance, mentorship, and strategic advisory services for emerging entrepreneurs.

Kotak Mahindra Bank has announced a Rs 9 crore grant initiative to support startups and early-stage enterprises in India’s small towns and cities. The program aims to catalyze entrepreneurship outside major metropolitan hubs, providing financial assistance, mentorship, and ecosystem support to innovators with high-growth potential. By targeting Tier-2 and Tier-3 cities, the bank seeks to unlock untapped talent and foster regional economic development.