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As of 2026-08-25
In the week of August 18, 2026, Kotak Mahindra Bank raised $650 million through dollar-denominated bonds. This was part of a larger trend where Indian banks, including Kotak Mahindra Bank, collectively raised $4.4 billion in forex debt. The bank also announced an ESG Rating of 'Crisil ESG 72 - Leader' for Fiscal 2026 on August 20, 2026.
Over the last three years, Kotak Mahindra Bank has shown compounded profit growth of 9% and compounded sales growth of 18%. Its Return on Equity (ROE) has been consistent at 14% for the last three and five years, although it was 11% in the last year. For the fiscal year ending March 2024, the bank reported a Net Profit of ₹18,213 crore, an increase from ₹14,925 crore in March 2023. Revenue also grew to ₹56,237 crore in March 2024 from ₹42,151 crore in March 2023.
The stock is in a moderate uptrend on a daily basis, with the price above its 20-day and 50-day Simple Moving Averages (SMAs). The Average Directional Index (ADX) is 27.63, suggesting trend strength. On a weekly basis, the trend is described as a weak uptrend, with the price above the 20-day SMA but below the 50-day SMA. The stock experienced an upward gap on August 20, 2026, opening materially above the previous close.
Key resistance levels identified are R1 at ₹422.99, R2 at ₹430.04, R3 at ₹437.95, R4 at ₹448.18, and R5 at ₹460.38. Key support levels include S1 at ₹393.82, S2 at ₹364.54, S3 at ₹355.25, and S4 at ₹345.13.
Looking at the yearly shareholding pattern, Domestic Institutional Investors (DIIs) have increased their stake from 11.51% in March 2019 to 23.4% in March 2024. Conversely, Foreign Institutional Investors (FIIs) have decreased their stake from 40.27% in March 2019 to 37.59% in March 2024. The promoter's shareholding has remained relatively stable, around 25.9%.
Recent drawdown and price variability remain within the producer's contained-risk thresholds.
The session opened materially above the previous close, indicating a sharp repricing at the open.
The move may reflect new information; subsequent price follow-through is worth monitoring.
Latest complete financial results for Q1 FY2027 and comparative quarterly trends.
| Metric | Q1 FY2026-27(Latest) | Q4 FY2025-26 | Q3 FY2025-26 | Q2 FY2025-26 | Q1 FY2025-26 |
|---|---|---|---|---|---|
| Profit Loss For The Period | PEAK₹5,487.06 crore | ₹5,401.55 crore | ₹4,904 crore | ₹4,445.94 crore | ₹4,429.13 crore |
| Profit Loss From Ordinary Activities Before Tax | PEAK₹7,508.86 crore | ₹7,443.21 crore | ₹6,533.34 crore | ₹5,962.77 crore | ₹6,053.40 crore |
| Tax Expense | ₹2,021.80 crore | PEAK₹2,041.66 crore | ₹1,629.34 crore | ₹1,516.83 crore | ₹1,624.27 crore |
| Segment Revenue From Operations | PEAK₹30,068.60 crore | ₹28,107.60 crore | ₹27,850.79 crore | ₹24,901.39 crore | ₹26,703.92 crore |
| Interest Earned | PEAK₹18,354.57 crore | ₹17,827.36 crore | ₹17,506.80 crore | ₹17,198.74 crore | ₹17,248.31 crore |
| Other Income | PEAK₹11,714.03 crore | ₹10,280.24 crore | ₹10,343.99 crore | ₹7,702.65 crore | ₹9,455.61 crore |
Kotak Mahindra Bank reported a 23.9% year-on-year rise in net profit to ₹5,487 crore for the June 2026 quarter. Revenue growth was led by a 23.9% jump in non-interest income, while interest income grew by a more moderate 6.4%. Operating expenses increased faster than revenue on a yearly basis, but a sharp decline in provisions helped sustain the improvement in pre-tax profit. A notable divergence between net profit and earnings per share indicates a substantial increase in the number of shares outstanding.
Total segment revenue grew 12.6% year-on-year to ₹30,069 crore. Interest earned rose 6.4% to ₹18,355 crore, while other income (fees, commissions, and trading gains) surged 23.9% to ₹11,714 crore. As a result, other income’s share of total revenue increased to 39.0% from 35.4% in the year-ago quarter. Quarter-on-quarter, total revenue was up 7.0%, with other income rising 14.0% and interest income 3.0%.
Profit before tax increased 24.0% year-on-year to ₹7,509 crore, and 0.9% from the March 2026 quarter. Net profit after tax rose 23.9% year-on-year and 1.6% sequentially to ₹5,487 crore. The effective tax rate was 26.9%, slightly lower than the 27.4% recorded in the previous quarter.
Operating expenses increased 19.4% year-on-year to ₹14,092 crore, faster than the 12.6% rise in revenue. Employee costs grew only 6.1% to ₹3,300 crore, implying that other operating expenses expanded significantly. Total expenditure excluding provisions and contingencies rose 12.8% year-on-year, broadly matching revenue growth. Provisions declined by 42.1% to ₹765 crore, which supported the improvement in pre-tax profit.
Gross non-performing assets stood at ₹7,158 crore, down 7.4% from a year ago. The gross NPA ratio improved to 1.21% from 1.50% a year earlier, and edged down from 1.23% in the March 2026 quarter. Although absolute NPAs rose 1.6% sequentially, the ratio declined, indicating that loan growth outpaced the small increase in NPAs.
Basic earnings per share was ₹5.51, up 1.1% from the previous quarter but 75.5% lower than ₹22.49 a year ago. The sharp decline, despite the 23.9% rise in net profit, indicates a material increase in the number of outstanding shares. Return on assets rose to 2.18% from 0.56% in the prior quarter—a jump that is not explained by the modest sequential rise in net profit and likely reflects a smaller average asset base or a change in the calculation methodology.
The bank’s share of profit from associates turned to a loss of ₹6.6 crore, compared with a profit of ₹21.6 crore in the previous quarter and ₹43.1 crore a year ago. The impact on pre-tax profit is negligible.
Kotak Mahindra Bank’s profit growth continued in the June 2026 quarter, with non-interest income taking a larger share of revenue. The gross NPA ratio fell to its lowest level in the available comparisons. The steep drop in earnings per share, despite higher net profit, highlights a significant increase in shares outstanding, which is relevant for per-share returns. The sharp rise in return on assets appears to be driven by factors beyond the small change in net profit.
Exchange disclosures and regulatory announcements for Kotak Mahindra Bank.
On August 24, 2026, Kotak Mahindra Bank Limited allotted US$ 650 million in 5.478% senior notes due on August 24, 2031, as part of its US$ 1 billion euro medium-term note programme. The unsecured instrument, rated BBB by S&P Global Ratings, will be listed on India International Exchange (IFSC) Limited and NSE IFSC Limited with interest payable semi-annually. Net proceeds are designated to diversify the bank's funding sources and meet general corporate purposes.
Kotak Mahindra Bank issued US$650,000,000 of 5.478% senior notes due 2031 under its US$1 billion euro medium term note programme, pursuant to Regulation S of the U.S. Securities Act 1933. The pricing supplement was uploaded on India International Exchange (IFSC) Limited and NSE IFSC Limited on August 24, 2026.
On August 21, 2026, Kotak Mahindra Bank received an ESG Rating of '70' (Excellent) from ESG Risk Assessments and Insights Limited for the fiscal year 2025-26 based on publicly available information. The bank formally intimated this rating to the BSE and NSE on August 22, 2026, in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Kotak Mahindra Bank Limited will hold a virtual meeting with investors at the Morgan Stanley India Financials Investor Group Trip on August 27, 2026. The event involves representatives of the bank and is disclosed pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The intimation was issued by Company Secretary Avan Kayomars Doomasia on August 21, 2026.
Kotak Mahindra Bank Limited has informed the Exchange about Schedule of meet |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates
On August 20, 2026, Kotak Mahindra Bank Limited received an ESG Rating of 'Crisil ESG 72 - Leader' from Crisil ESG Ratings & Analytics Ltd. for Fiscal 2026 based on publicly available information. The Company Secretary was notified of this rating at 10:51 a.m. (IST) on the same date, triggering a regulatory intimation under SEBI Listing Regulations.
Kotak Mahindra Bank Limited has informed the Exchange about ESG rating |SUBJECT: General Updates
On August 19, 2026, Kotak Mahindra Bank's Large Expenditure and Share Transfer and Other Matters Committee allotted 2,85,255 equity shares of Re. 1 each upon exercise of employee stock options under the 2015 and 2023 ESOP schemes. The allotment increased the bank's paid-up share capital from 9,94,73,70,773 to 9,94,76,56,028 equity shares.
KOTAKBANK: Kotak Mahindra Bank Limited has informed the Exchange regarding Allotment of 285255 Shares. |SUBJECT: ESOP/ESOS/ESPS
On August 19, 2026, Kotak Mahindra Bank Limited allotted equity shares under its ESOP/ESPS scheme following a board meeting approval on the same date. The allotment increased the company's paid-up share capital from INR 9,947,370,773 to INR 9,947,656,028 and raised the total number of shares outstanding from 9,947,370,773 to 9,947,656,028.
On August 17, 2026, the Nomination and Remuneration Committee of Kotak Mahindra Bank Ltd. granted 3,47,410 Employee Stock Options under the ESOP Scheme 2023 – Series 12 to eligible employees, with each option convertible into one equity share of Re. 1. The options vest in four tranches on August 31, 2027, June 30, 2028, June 30, 2029, and June 30, 2030, with a one-year exercise period from each vesting date.
Kotak Mahindra Bank Limited has informed the Exchange regarding Grant of 347410 Options. |SUBJECT: ESOP/ESOS/ESPS
Kotak Mahindra Bank Limited has informed the Exchange about establishment of Euro Medium Term Note Programme. |SUBJECT: General Updates
Kotak Mahindra Bank Ltd. established a USD 1 billion Euro Medium Term Note Programme on August 14, 2026, as disclosed to stock exchanges under SEBI Listing Regulations.
On August 14, 2026, Kotak Mahindra Bank Limited announced that S&P Global Ratings assigned a BBB rating to Senior Notes to be issued under its USD 1 billion Euro Medium Term Note Programme. The bank disclosed this credit rating decision pursuant to SEBI Listing Regulations and made the rating rationale available on S&P's website and the bank's investor relations page.
Kotak Mahindra Bank Limited scheduled an institutional investor group meeting for August 19, 2026, at 15:00 in Mumbai to discuss the Motilal Oswal 22nd Annual Global Investor Conference. The event will be conducted in-person with multiple investors and is coordinated by Kaynaan Shums of the investor relations team.
Kotak Mahindra Bank Limited has informed the Exchange about Schedule of meet |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates
Kotak Mahindra Bank representatives will attend Motilal Oswal's 22nd Annual Global Investor Conference 2026 in Mumbai on August 19, 2026, with no unpublished price sensitive information to be shared.
Recent market and company developments associated with Kotak Mahindra Bank.
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This week was the busiest for forex debt issuance by Indian lenders. ICICI Bank, Kotak Mahindra Bank, IDFC First Bank, HDFC Bank and Bank of Baroda together raised a massive $4.4 billion, and the bulk of the proceeds may be used to help fund the leverage for foreign currency non-resident (bank) [FCNR (B)] deposits.
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The five-year notes will carry a fixed coupon of 5.478%, with Kotak Mahindra Bank using the proceeds to diversify its funding sources and for general corporate purposes.
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Kotak Mahindra Bank has launched a hybrid home loan allowing borrowers to lock interest rates and EMIs for up to 65 months before switching to a repo-linked floating rate.
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Axis Bank will increase the DCC fee on its credit cards to 3.5% from 1.5%, effective August 28, 2026, according to the bank's revised terms and conditions. Kotak Mahindra Bank will raise the fee on debit-card transactions to 3.5% plus goods and services tax (GST), from 1% plus GST, effective August 1.
Comprehensive Section Breakdown for Kotak Mahindra Bank
Strategic Vision: Indian bank offering diversified financial services.
Category: Financial Services
Manages personal savings accounts, home loans, credit cards, personal lending, and digital banking platforms.
Key Products & Services: Kotak 811
Category: Financial Services
Provides project finance, working capital facilities, trade services, and cash management, alongside equity capital market underwriting and M&A advisory through Kotak Mahindra Capital Company.
Key Products & Services: Kotak Mahindra Capital Company
Category: Financial Services
Provides retail stock brokerage, depository services, and investment research.
Key Products & Services: Kotak Securities
Category: Financial Services
Manages mutual fund portfolios and retirement plans.
Key Products & Services: Kotak Mahindra Asset Management
Category: Financial Services
The dedicated automobile and passenger car finance company.
Key Products & Services: Kotak Mahindra Prime
Category: Financial Services
Offers term, savings, and pension life insurance products.
Key Products & Services: Kotak Mahindra Life Insurance
Core Thesis: The bank operates a centralized conglomerate model designed to cross-sell financial products through a unified customer franchise.
• Group Ownership & Cross-Selling: The bank maintains beneficial ownership of its main operating subsidiaries, allowing bank branches to act as unified distribution hubs for cross-selling various financial products. • Digital Customer Acquisition (Kotak 811): The 'Kotak 811' digital-first banking platform serves as a high-density consumer acquisition funnel for tech-centric savers, who are subsequently cross-sold other financial products. • Specialized Auto & Micro-Lending: Kotak Mahindra Prime finances passenger vehicles through dealership networks, while BSS Microfinance provides joint-liability micro-loans in rural regions. • Asset-Liability Management (ALM): Deposits fund retail mortgages, corporate project finance, and commercial lending, with the Treasury division managing liquidity and foreign exchange portfolios.
• Centralized conglomerate model for cross-selling.
• Unified customer franchise.
• Digital-first banking platform for customer acquisition.
• Integration with automobile dealership networks.
• Wholly owned subsidiary for micro-loans in rural regions.