# KOTAKBANK (KOTAKBANK) — Stock analysis

> Faxioms all-in-one stock review. Canonical page: https://faxioms.com/stocks/kotakbank

## Current market snapshot

- Exchange: BSE
- Country: India
- Price: ₹439
- Change: -0.99%
- As of: 2026-10-13
- 1D return: +0.54%
- 5D return: +6.59%
- 1M return: +6.45%
- Latest complete quarter: fy27_q1

## Faxioms Analysis

_As of 2026-10-12_

### Technical Outlook

As of October 12, 2026, KOTAKBANK is exhibiting a mixed technical picture across timeframes. The daily and weekly charts show bullish trends with prices trading above key moving averages and the Supertrend indicator. However, the monthly timeframe indicates a bearish trend, with the Supertrend pointing downwards, despite prices being above moving averages. Daily trend strength is established (ADX 34.76), while weekly trend strength is weak (ADX 15.46), and monthly trend strength is established (ADX 37.19). The stock is positioned near the upper end of its recent trading ranges across 20, 50, and 252-day periods. Recent anomalies include unusual price movement on October 6, 2026 (+3.8% return), and high participation with no clear direction on October 1, 2026 (+4.7% range). Volatility remains a factor, with annualized volatility at +23.0% and an ATR of 2.14%.

- Daily and weekly charts show bullish trends, while the monthly chart is bearish.
- The stock is trading near the upper end of its 20, 50, and 252-day trading ranges.
- Recent anomalies include unusual price action and high participation on October 6 and October 1, 2026, respectively.
- Nearest support is at ₹441.37 (0.46% below current price), and nearest resistance is at ₹444.88 (0.33% above current price).
- Confirmation of the bullish setup would involve sustained price action above ₹444.88, while a break below ₹441.37 could signal further weakness.

- Inside Bar
- Morning Star
- Bullish Engulfing Reversal
- Outside Bar

### News Context

During the week ending October 9, 2026, Kotak Mahindra Bank was featured in multiple analyst reports highlighting its position within the banking sector. Nuvama Institutional Equities identified Kotak Mahindra Bank as a top banking pick, alongside other institutions like ICICI Bank, RBL Bank, Karur Vysya Bank, and Ujjivan Small Finance Bank, as they assessed Q2 FY27 earnings. Separately, Jefferies included large-cap banks in their top stock picks, coinciding with the beginning of a rate hike cycle. On October 6, a report noted that Kotak Bank's Q2 update contributed to the Nifty trading above 22,700 on expiry day. Additionally, an opinion piece on October 7 suggested Kotak Bank as one of three stocks to buy, with a cautious market outlook noted by the analyst.

- On October 9, Nuvama Institutional Equities named Kotak Mahindra Bank among their top banking stock picks, considering Q2 FY27 earnings.
- On October 8, Jefferies included large-cap banks in their top stock picks amid a rate hike cycle.
- On October 7, analyst Vaishali Parekh identified Kotak Bank as one of three stocks to buy.
- On October 6, Kotak Bank's Q2 update was cited as a factor contributing to the Nifty trading above 22,700 on expiry day.

- [Kotak, ICICI, RBL, KVB, Ujjivan SFB: Nuvama shares top banking picks; check target prices](https://www.businesstoday.in/markets/stocks/story/kotak-icici-rbl-kvb-ujjivan-sfb-nuvama-shares-top-banking-picks-check-target-prices-560581-2026-10-09)
- [RIL, Bharti Airtel, largecap banks, power stocks: Jefferies’ top picks as rate hike cycle begins](https://www.businesstoday.in/markets/stocks/story/ril-bharti-airtel-largecap-banks-power-stocks-jefferies-top-picks-as-rate-hike-cycle-begins-560275-2026-10-08)
- [Best 3 stocks to buy: Balrampur Chini, Bluestone, Kotak Bank by Vaishali Parekh | Target, stop-loss, Nifty prediction](https://www.livemint.com/market/stock-market-news/best-3-stocks-to-buy-balrampur-chini-bluestone-kotak-bank-by-vaishali-parekh-target-stop-loss-nifty-prediction-11791379340026.html)
- [Market Today: Sensex Falls 429 Points, Nifty Ends Below 22,650; RBI Rate Hike, Crude Weigh](https://www.news18.com/business/markets/market-today-sensex-falls-429-points-nifty-ends-below-22650-rbi-rate-hike-crude-weigh-10371264.html)
- [Live: Nifty above 22,700 on expiry day; Q2 update cheers Trent, Kotak Bank | Closing Bell](https://www.moneycontrol.com/news/videos/business/markets/live-nifty-above-22-700-on-expiry-day-q2-update-cheers-trent-kotak-bank-closing-bell-14045726.html)

### What Changed

Kotak Mahindra Bank (KOTAKBANK) on the BSE has seen a slight increase in its stock price. On October 12, 2026, the price was ₹443.4, up from ₹441.0 on the previous day. The company's profile and exchange listing on the BSE remain unchanged.

- Stock price increased to ₹443.4 on October 12, 2026, from ₹441.0 on the previous day.

### Official Filings

Kotak Mahindra Bank Limited has announced a Board Meeting scheduled for October 24, 2026, to review the standalone and consolidated unaudited financial results for the half-year ended September 30, 2026. Concurrently, the trading window for the bank's securities has been closed from October 1, 2026, and will reopen 48 hours after the financial results are declared. Earlier, on October 5, 2026, the bank disclosed provisional figures for deposits and advances as of September 30, 2026. Net advances were reported at ₹5,77,094 crore, marking a 24.7% year-over-year increase, while total deposits reached ₹6,51,491 crore, a 23.2% year-over-year increase. These figures include balances from FCNR(B) deposits under the RBI swap facility. In a significant governance development, the Reserve Bank of India approved on September 30, 2026, the appointment of Anup Kumar Saha as the new Managing Director & CEO for a three-year term commencing January 1, 2027. Mr. Saha, who joined the bank in January 2026, will require further shareholder approval. Additionally, on September 25, 2026, the Boards of wholly-owned subsidiaries Kotak Mahindra Investments Limited (KMIL) and Kotak Alternate Asset Managers Limited (KAAML) approved a Scheme of Amalgamation to merge KMIL into KAAML. This merger, aimed at group simplification, involves a share exchange ratio of 7 equity shares of KAAML for every 6 equity shares of KMIL and is subject to various regulatory and shareholder approvals.

- Board Meeting scheduled for October 24, 2026, to approve unaudited financial results for the half-year ended September 30, 2026.
- Trading window for bank securities closed from October 1, 2026, to reopen 48 hours post-results declaration.
- Provisional Net Advances as of September 30, 2026, stood at ₹5,77,094 crore (24.7% YoY increase).
- Provisional Total Deposits as of September 30, 2026, were ₹6,51,491 crore (23.2% YoY increase).
- RBI approval granted on September 30, 2026, for Anup Kumar Saha's appointment as MD & CEO from January 1, 2027.
- Scheme of Amalgamation approved by subsidiaries' Boards on September 25, 2026, to merge KMIL into KAAML.

- [Financial Results |Meeting Date: 24-Oct-2026](https://nsearchives.nseindia.com/corporate/KMBLOMKAR_08102026164133_KMBLBMintimationOct2026.pdf)
- [Updates |SUBJECT: Updates](https://nsearchives.nseindia.com/content/debt/WDM/KMBLOMKAR_08102026164825_KMBLBMintimationOct2026.pdf)
- [Kotak Mahindra Bank Limited has informed the Exchange about Board Meeting to be held on 24-Oct-2026 to inter-alia consider and approve the Unaudited Financial results of the Company for the Half Yearly ended September 2026 . |SUBJECT: Board Meeting Intimation](https://nsearchives.nseindia.com/corporate/xbrl/PRIOR_INTIMATION_1118_WebXMLFile_20261008_170031809.xml)
- [Board Meeting Intimation |Meeting Date: 24-Oct-2026](https://nsearchives.nseindia.com/corporate/xbrl/PRIOR_INTIMATION_1118_WebXMLFile_20261008_170031809.xml)
- [Kotak Mahindra Bank Limited has informed the Exchange regarding intimation under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. |SUBJECT: Updates](https://nsearchives.nseindia.com/corporate/KOTAK_05102026161039_PrebusinessupdateQ2H1FY27.pdf)
- [Updates |SUBJECT: Updates](https://nsearchives.nseindia.com/content/debt/WDM/KOTAK_05102026161916_PrebusinessupdateQ2H1FY27.pdf)
- [Update on Appointment of New Managing Director & CEO of the Bank |SUBJECT: General Updates](https://nsearchives.nseindia.com/corporate/KMBLTAB_01102026080559_SEIntimation.pdf)
- [Updates |SUBJECT: Updates](https://nsearchives.nseindia.com/content/debt/WDM/KMBLTAB_01102026081348_SEIntimation.pdf)
- [Intimation of Scheme of Amalgamation of Kotak Mahindra Investments Limited with Kotak Alternate Asset Managers Limited, both, wholly-owned subsidiaries of the Bank |SUBJECT: General Updates](https://nsearchives.nseindia.com/corporate/KMBLTAB_25092026201322_KMBLLODRV2250926.pdf)
- [Updates |SUBJECT: Updates](https://nsearchives.nseindia.com/content/debt/WDM/KMBLTAB_25092026201906_KMBLLODRV2250926.pdf)

### Fundamentals

Kotak Mahindra Bank reported sequential growth in its latest financial results. Segment Revenue from Operations increased to ₹30,068.60 crore in Q1 FY2026-27 from ₹28,107.60 crore in Q4 FY2025-26. This top-line growth was accompanied by an increase in both Interest Earned, which rose to ₹18,354.57 crore from ₹17,827.36 crore, and Other Income, which grew to ₹11,714.03 crore from ₹10,280.24 crore over the same periods. Profit Before Tax saw a sequential increase to ₹7,508.86 crore from ₹7,443.21 crore, and Net Profit also edged higher to ₹5,401.55 crore from ₹5,487.06 crore. The sequential increase in Net Profit indicates a positive operating trajectory.

- Segment Revenue from Operations increased sequentially to ₹30,068.60 crore in Q1 FY2026-27.
- Net Profit saw a sequential increase to ₹5,487.06 crore in Q1 FY2026-27.
- Both Interest Earned and Other Income contributed to the sequential revenue growth.
- The next checkpoint will be monitoring the sustainability of this sequential profit growth in the upcoming reporting period.

### Bull Case

Kotak Mahindra Bank's technical indicators show a bullish daily trend, supported by a positive EMA 20 slope of 10.52 and a Supertrend direction identified as bullish. The weekly trend also indicates a bullish Supertrend direction with a positive EMA 20 slope of 10.21. The stock has demonstrated positive returns over various periods, including a +17.4% return over the last three months and a +18.4% return over the last six months. Year-to-date, the return is 0.0%. The market capitalization stands at ₹4,386,916,308,348.0.

- Daily trend shows a bullish Supertrend direction.
- Weekly trend indicates a bullish Supertrend direction.
- The stock has achieved a +17.4% return in the last three months.
- The stock has achieved a +18.4% return in the last six months.

- [Kotak, ICICI, RBL, KVB, Ujjivan SFB: Nuvama shares top banking picks; check target prices](https://www.businesstoday.in/markets/stocks/story/kotak-icici-rbl-kvb-ujjivan-sfb-nuvama-shares-top-banking-picks-check-target-prices-560581-2026-10-09)
- [RIL, Bharti Airtel, largecap banks, power stocks: Jefferies’ top picks as rate hike cycle begins](https://www.businesstoday.in/markets/stocks/story/ril-bharti-airtel-largecap-banks-power-stocks-jefferies-top-picks-as-rate-hike-cycle-begins-560275-2026-10-08)
- [Best 3 stocks to buy: Balrampur Chini, Bluestone, Kotak Bank by Vaishali Parekh | Target, stop-loss, Nifty prediction](https://www.livemint.com/market/stock-market-news/best-3-stocks-to-buy-balrampur-chini-bluestone-kotak-bank-by-vaishali-parekh-target-stop-loss-nifty-prediction-11791379340026.html)
- [Market Today: Sensex Falls 429 Points, Nifty Ends Below 22,650; RBI Rate Hike, Crude Weigh](https://www.news18.com/business/markets/market-today-sensex-falls-429-points-nifty-ends-below-22650-rbi-rate-hike-crude-weigh-10371264.html)
- [Live: Nifty above 22,700 on expiry day; Q2 update cheers Trent, Kotak Bank | Closing Bell](https://www.moneycontrol.com/news/videos/business/markets/live-nifty-above-22-700-on-expiry-day-q2-update-cheers-trent-kotak-bank-closing-bell-14045726.html)
- [Financial Results |Meeting Date: 24-Oct-2026](https://nsearchives.nseindia.com/corporate/KMBLOMKAR_08102026164133_KMBLBMintimationOct2026.pdf)
- [Updates |SUBJECT: Updates](https://nsearchives.nseindia.com/content/debt/WDM/KMBLOMKAR_08102026164825_KMBLBMintimationOct2026.pdf)
- [Kotak Mahindra Bank Limited has informed the Exchange about Board Meeting to be held on 24-Oct-2026 to inter-alia consider and approve the Unaudited Financial results of the Company for the Half Yearly ended September 2026 . |SUBJECT: Board Meeting Intimation](https://nsearchives.nseindia.com/corporate/xbrl/PRIOR_INTIMATION_1118_WebXMLFile_20261008_170031809.xml)
- [Board Meeting Intimation |Meeting Date: 24-Oct-2026](https://nsearchives.nseindia.com/corporate/xbrl/PRIOR_INTIMATION_1118_WebXMLFile_20261008_170031809.xml)
- [Kotak Mahindra Bank Limited has informed the Exchange regarding intimation under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. |SUBJECT: Updates](https://nsearchives.nseindia.com/corporate/KOTAK_05102026161039_PrebusinessupdateQ2H1FY27.pdf)

### Bear Case

While some market commentary suggests a cautious market bias, with the Nifty index trading below 23,000, Kotak Mahindra Bank's monthly trend indicators show a bearish supertrend direction. The stock has experienced a current drawdown of -2.3% and a maximum drawdown of -22.1% from its peak. The annualized volatility stands at +23.0%, and downside deviation is +15.1%. Despite a positive return of +17.4% over three months and +18.4% over six months, the year-to-date return is -0.0%. Nearest support levels are identified at ₹441.37 and ₹437.48.

- Monthly trend indicates a bearish supertrend direction.
- Current drawdown stands at -2.3%, with a maximum drawdown of -22.1%.
- Annualized volatility is +23.0% and downside deviation is +15.1%.
- Year-to-date return is -0.0%, with nearest support levels at ₹441.37 and ₹437.48.

- [Kotak, ICICI, RBL, KVB, Ujjivan SFB: Nuvama shares top banking picks; check target prices](https://www.businesstoday.in/markets/stocks/story/kotak-icici-rbl-kvb-ujjivan-sfb-nuvama-shares-top-banking-picks-check-target-prices-560581-2026-10-09)
- [RIL, Bharti Airtel, largecap banks, power stocks: Jefferies’ top picks as rate hike cycle begins](https://www.businesstoday.in/markets/stocks/story/ril-bharti-airtel-largecap-banks-power-stocks-jefferies-top-picks-as-rate-hike-cycle-begins-560275-2026-10-08)
- [Best 3 stocks to buy: Balrampur Chini, Bluestone, Kotak Bank by Vaishali Parekh | Target, stop-loss, Nifty prediction](https://www.livemint.com/market/stock-market-news/best-3-stocks-to-buy-balrampur-chini-bluestone-kotak-bank-by-vaishali-parekh-target-stop-loss-nifty-prediction-11791379340026.html)
- [Market Today: Sensex Falls 429 Points, Nifty Ends Below 22,650; RBI Rate Hike, Crude Weigh](https://www.news18.com/business/markets/market-today-sensex-falls-429-points-nifty-ends-below-22650-rbi-rate-hike-crude-weigh-10371264.html)
- [Live: Nifty above 22,700 on expiry day; Q2 update cheers Trent, Kotak Bank | Closing Bell](https://www.moneycontrol.com/news/videos/business/markets/live-nifty-above-22-700-on-expiry-day-q2-update-cheers-trent-kotak-bank-closing-bell-14045726.html)
- [Financial Results |Meeting Date: 24-Oct-2026](https://nsearchives.nseindia.com/corporate/KMBLOMKAR_08102026164133_KMBLBMintimationOct2026.pdf)
- [Updates |SUBJECT: Updates](https://nsearchives.nseindia.com/content/debt/WDM/KMBLOMKAR_08102026164825_KMBLBMintimationOct2026.pdf)
- [Kotak Mahindra Bank Limited has informed the Exchange about Board Meeting to be held on 24-Oct-2026 to inter-alia consider and approve the Unaudited Financial results of the Company for the Half Yearly ended September 2026 . |SUBJECT: Board Meeting Intimation](https://nsearchives.nseindia.com/corporate/xbrl/PRIOR_INTIMATION_1118_WebXMLFile_20261008_170031809.xml)
- [Board Meeting Intimation |Meeting Date: 24-Oct-2026](https://nsearchives.nseindia.com/corporate/xbrl/PRIOR_INTIMATION_1118_WebXMLFile_20261008_170031809.xml)
- [Kotak Mahindra Bank Limited has informed the Exchange regarding intimation under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. |SUBJECT: Updates](https://nsearchives.nseindia.com/corporate/KOTAK_05102026161039_PrebusinessupdateQ2H1FY27.pdf)

### FAQs

**When is Kotak Mahindra Bank scheduled to announce its financial results, and what periods will they cover?**

Kotak Mahindra Bank has scheduled a Board Meeting for October 24, 2026, to consider and approve the unaudited standalone and consolidated financial results for the quarter and half-year ended September 30, 2026.

**What is the recent price action and return performance for Kotak Mahindra Bank as of October 12, 2026?**

As of October 12, 2026, Kotak Mahindra Bank's closing price was ₹443.4. The stock has shown a return of +5.8% in the last month and +18.4% over the last six months. Year-to-date, the return is 0.0%.

**What are the key technical support and resistance levels for Kotak Mahindra Bank?**

The nearest support level for Kotak Mahindra Bank is at ₹441.37, which is 0.46% below the current price. Key resistance levels are identified at ₹444.88 (0.33% above current price) and ₹448.18 (1.08% above current price).

**What is the current market capitalization of Kotak Mahindra Bank?**

As of October 12, 2026, Kotak Mahindra Bank has a market capitalization of ₹4,386,916,308,348.0.

- [Kotak, ICICI, RBL, KVB, Ujjivan SFB: Nuvama shares top banking picks; check target prices](https://www.businesstoday.in/markets/stocks/story/kotak-icici-rbl-kvb-ujjivan-sfb-nuvama-shares-top-banking-picks-check-target-prices-560581-2026-10-09)
- [RIL, Bharti Airtel, largecap banks, power stocks: Jefferies’ top picks as rate hike cycle begins](https://www.businesstoday.in/markets/stocks/story/ril-bharti-airtel-largecap-banks-power-stocks-jefferies-top-picks-as-rate-hike-cycle-begins-560275-2026-10-08)
- [Best 3 stocks to buy: Balrampur Chini, Bluestone, Kotak Bank by Vaishali Parekh | Target, stop-loss, Nifty prediction](https://www.livemint.com/market/stock-market-news/best-3-stocks-to-buy-balrampur-chini-bluestone-kotak-bank-by-vaishali-parekh-target-stop-loss-nifty-prediction-11791379340026.html)
- [Market Today: Sensex Falls 429 Points, Nifty Ends Below 22,650; RBI Rate Hike, Crude Weigh](https://www.news18.com/business/markets/market-today-sensex-falls-429-points-nifty-ends-below-22650-rbi-rate-hike-crude-weigh-10371264.html)
- [Live: Nifty above 22,700 on expiry day; Q2 update cheers Trent, Kotak Bank | Closing Bell](https://www.moneycontrol.com/news/videos/business/markets/live-nifty-above-22-700-on-expiry-day-q2-update-cheers-trent-kotak-bank-closing-bell-14045726.html)
- [Financial Results |Meeting Date: 24-Oct-2026](https://nsearchives.nseindia.com/corporate/KMBLOMKAR_08102026164133_KMBLBMintimationOct2026.pdf)
- [Updates |SUBJECT: Updates](https://nsearchives.nseindia.com/content/debt/WDM/KMBLOMKAR_08102026164825_KMBLBMintimationOct2026.pdf)
- [Kotak Mahindra Bank Limited has informed the Exchange about Board Meeting to be held on 24-Oct-2026 to inter-alia consider and approve the Unaudited Financial results of the Company for the Half Yearly ended September 2026 . |SUBJECT: Board Meeting Intimation](https://nsearchives.nseindia.com/corporate/xbrl/PRIOR_INTIMATION_1118_WebXMLFile_20261008_170031809.xml)
- [Board Meeting Intimation |Meeting Date: 24-Oct-2026](https://nsearchives.nseindia.com/corporate/xbrl/PRIOR_INTIMATION_1118_WebXMLFile_20261008_170031809.xml)
- [Kotak Mahindra Bank Limited has informed the Exchange regarding intimation under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. |SUBJECT: Updates](https://nsearchives.nseindia.com/corporate/KOTAK_05102026161039_PrebusinessupdateQ2H1FY27.pdf)
## Technical analytics

- As of: 2026-10-13
- Daily trend: Strong Uptrend
- Weekly trend: Weak Uptrend
- Pivot point: ₹441.37
- Risk regime: Price Risk Currently Contained

### Support levels
- 418.3530432128906
- 409.25
- 373.292890625

### Resistance levels
- 448.17500000000007
- 460.38000000000005
- 444.8833333333332

### Return and range metrics

| Metric | Value |
| --- | --- |
| return_1 | +0.54% |
| return_10 | +9.75% |
| return_1m | +5.82% |
| return_1y | +3.11% |
| return_20 | +6.45% |
| return_3m | +17.43% |
| return_5 | +6.59% |
| return_6m | +18.38% |
| return_since_start | +23.97% |
| return_ytd | -0.04% |

### Risk and volatility metrics

| Metric | Value |
| --- | --- |
| state | contained_risk |
| label | Price risk currently contained |
| summary | Recent drawdown and price variability remain within the producer's contained-risk thresholds. |
| maximum_drawdown | -22.12% |
| annualized_volatility | +22.96% |

## Quarterly financials

- Latest complete quarter: fy27_q1

# Net Profit Up 24% Year-on-Year as Non-Interest Income Surges

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.

## Revenue: Non-Interest Income Takes a Larger Share

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%.

## Profitability: Steady Growth and a Stable Tax Rate

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: Growth Outpaces Revenue on a Yearly Basis

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.

## Asset Quality: Gross NPA Ratio Improves

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.

## Earnings Per Share and Return on Assets

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.

## Associates Contribution

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.

## Key Takeaway

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.

### Ratios

## Shareholding pattern

- Quarter: FY2027-Q1
- As of: 2026-06-30
- Promoter holding: +25.87%
- FII holding: +25.20%
- DII holding: +37.71%
- Mutual fund holding: +24.50%
- Retail holding: +4.36%
- Promoter pledged: +0.00%

### Major reported shareholders

- Uday Suresh Kotak — +25.69%
- Life Insurance Corporation of India — +6.90%
- SBI Mutual Fund — +6.42%
- HDFC Mutual Fund — +3.51%
- ICICI Prudential Mutual Fund — +2.96%
- National Pension System Trust — +2.29%
- UTI Mutual Fund — +2.00%
- Parag Parikh Mutual Fund — +1.66%
- Nippon Life Mutual Fund — +1.45%
- Government Pension Fund Global — +1.32%

## Official filings

- 2026-10-08 — Board Meeting Notice: Kotak Mahindra Bank Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/KMBLOMKAR_08102026164133_KMBLBMintimationOct2026.pdf)
- 2026-10-08 — Generic Announcement: Kotak Mahindra Bank Limited — [Official attachment](https://nsearchives.nseindia.com/content/debt/WDM/KMBLOMKAR_08102026164825_KMBLBMintimationOct2026.pdf)
- 2026-10-08 — Generic Announcement: Kotak Mahindra Bank Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/PRIOR_INTIMATION_1118_WebXMLFile_20261008_170031809.xml)
- 2026-10-08 — Board Meeting Notice: Kotak Mahindra Bank Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/PRIOR_INTIMATION_1118_WebXMLFile_20261008_170031809.xml)
- 2026-10-05 — Generic Announcement: Kotak Mahindra Bank Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/KOTAK_05102026161039_PrebusinessupdateQ2H1FY27.pdf)
- 2026-10-05 — Generic Announcement: Kotak Mahindra Bank Limited — [Official attachment](https://nsearchives.nseindia.com/content/debt/WDM/KOTAK_05102026161916_PrebusinessupdateQ2H1FY27.pdf)
- 2026-10-01 — Management Change: Kotak Mahindra Bank Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/KMBLTAB_01102026080559_SEIntimation.pdf)
- 2026-10-01 — Generic Announcement: Kotak Mahindra Bank Limited — [Official attachment](https://nsearchives.nseindia.com/content/debt/WDM/KMBLTAB_01102026081348_SEIntimation.pdf)
- 2026-09-25 — Generic Announcement: Kotak Mahindra Bank Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/KMBLTAB_25092026201322_KMBLLODRV2250926.pdf)
- 2026-09-25 — Generic Announcement: Kotak Mahindra Bank Limited — [Official attachment](https://nsearchives.nseindia.com/content/debt/WDM/KMBLTAB_25092026201906_KMBLLODRV2250926.pdf)
- 2026-09-25 — Generic Announcement: Kotak Mahindra Bank Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/REG30_Restructuring_1118_WebXMLFile_20260925_204111854.xml)
- 2026-09-19 — Generic Announcement: Kotak Mahindra Bank Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/KOTAK_19092026194331_SEIntESOPAllotment.pdf)
- 2026-09-19 — Generic Announcement: Kotak Mahindra Bank Limited — [Official attachment](https://nsearchives.nseindia.com/content/debt/WDM/KOTAK_19092026195047_SEIntESOPAllotment.pdf)
- 2026-09-19 — Generic Announcement: Kotak Mahindra Bank Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/ALTERATION_OF_CAPITAL_AND_FUND_RAISING_1118_WebXMLFile_20260919_200606445.xml)
- 2026-09-16 — Generic Announcement: Kotak Mahindra Bank Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/KMBLTAB_16092026182359_SEIntimationInvestormeetSeptember21.pdf)
- 2026-09-16 — Generic Announcement: Kotak Mahindra Bank Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/KMBLTAB_16092026184146_SEIntimationInvestormeetSeptember21.pdf)
- 2026-09-16 — Generic Announcement: Kotak Mahindra Bank Limited — [Official attachment](https://nsearchives.nseindia.com/content/debt/WDM/KMBLTAB_16092026184329_SEIntimationInvestormeetSeptember21.pdf)
- 2026-09-16 — Generic Announcement: Kotak Mahindra Bank Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_1118_WebXMLFile_20260916_184820233.xml)
- 2026-09-16 — Generic Announcement: Kotak Mahindra Bank Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_1118_WebXMLFile_20260916_185059282.xml)
- 2026-09-15 — Annual Report: Kotak Mahindra Bank Limited — [Official attachment](https://nsearchives.nseindia.com/annual_reports/AR_32041_KOTAKBANK_2025_2026_A_9262663_16092026104828.pdf)
- 2026-09-11 — Generic Announcement: Kotak Mahindra Bank Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/KMBLTAB_11092026174710_SEIntimationNewspaperpublicationrelodgementoftransferrequestSept_2026.pdf)
- 2026-09-11 — Generic Announcement: Kotak Mahindra Bank Limited — [Official attachment](https://nsearchives.nseindia.com/content/debt/WDM/KMBLTAB_11092026174841_SEIntimationNewspaperpublicationrelodgementoftransferrequestSept_2026.pdf)
- 2026-09-08 — Generic Announcement: Kotak Mahindra Bank Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/KMBLTAB_08092026103059_SEIntimationESOPGrantSept072026.pdf)
- 2026-09-08 — Generic Announcement: Kotak Mahindra Bank Limited — [Official attachment](https://nsearchives.nseindia.com/content/debt/WDM/KMBLTAB_08092026103301_SEIntimationESOPGrantSept072026.pdf)
- 2026-08-24 — Generic Announcement: Kotak Mahindra Bank Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/KMBLTAB_24082026194907_EMTNAllotment.pdf)

## News and market events

- 2026-10-09 — BUSINESSTODAY: **Kotak, ICICI, RBL, KVB, Ujjivan SFB: Nuvama shares top banking picks; check target prices** — Nuvama Institutional Equities, banking stocks, Kotak Mahindra Bank, ICICI Bank, RBL Bank, Karur Vysya Bank, Ujjivan Small Finance Bank, NBFC stocks, Piramal Finance, Shriram Finance, Aditya Birla Capital, CreditAccess Grameen, Q2 FY27 earnings, stock recommendations, target prices — [Source](https://www.businesstoday.in/markets/stocks/story/kotak-icici-rbl-kvb-ujjivan-sfb-nuvama-shares-top-banking-picks-check-target-prices-560581-2026-10-09)
- 2026-10-08 — BUSINESSTODAY: **RIL, Bharti Airtel, largecap banks, power stocks: Jefferies’ top picks as rate hike cycle begins** — RIL share price, Bharti Airtel share price, stocks to buy, stock ideas, power stocks, bank stocks, largecap stocks, midcap stocks — [Source](https://www.businesstoday.in/markets/stocks/story/ril-bharti-airtel-largecap-banks-power-stocks-jefferies-top-picks-as-rate-hike-cycle-begins-560275-2026-10-08)
- 2026-10-07 — Mint: **Best 3 stocks to buy: Balrampur Chini, Bluestone, Kotak Bank by Vaishali Parekh | Target, stop-loss, Nifty prediction** — Nifty prediction: Vaishali Parekh believes the Indian stock market bias is cautious, as the 50-stock index is still below 23,000 — [Source](https://www.livemint.com/market/stock-market-news/best-3-stocks-to-buy-balrampur-chini-bluestone-kotak-bank-by-vaishali-parekh-target-stop-loss-nifty-prediction-11791379340026.html)
- 2026-10-07 — News18: **Market Today: Sensex Falls 429 Points, Nifty Ends Below 22,650; RBI Rate Hike, Crude Weigh** — The BSE Sensex closes 429.11 points, or 0.59%, lower at 72,638.70, while the NSE Nifty ends at 22,603.05, down 173.05 points, or 0.76%. — [Source](https://www.news18.com/business/markets/market-today-sensex-falls-429-points-nifty-ends-below-22650-rbi-rate-hike-crude-weigh-10371264.html)
- 2026-10-06 — MONEYCONTROL: **Live: Nifty above 22,700 on expiry day; Q2 update cheers Trent, Kotak Bank | Closing Bell** — Sensex, Nifty, NSE, BSE, stock market, share market — [Source](https://www.moneycontrol.com/news/videos/business/markets/live-nifty-above-22-700-on-expiry-day-q2-update-cheers-trent-kotak-bank-closing-bell-14045726.html)
- 2026-10-06 — BUSINESSTODAY: **Welspun Corp, KMB shares added; RIL weight raised as Jefferies bets on largecap stocks** — Welspun Corp shares, KMB shares, RIL share price, RIL share price today — [Source](https://www.businesstoday.in/markets/stocks/story/welspun-corp-kmb-shares-added-ril-weight-raised-as-jefferies-bets-on-largecap-stocks-559747-2026-10-06)
- 2026-10-06 — The Hindu: **Trent surges 10% as Q2 revenue beat lifts D-Street mood** — The rally follows Trent’s announcement on standalone revenue from operations of ₹5,788 crore for Q2FY27, a 23% y-o-y increase and the second consecutive quarter of 20%-plus growth — [Source](https://www.thehindubusinessline.com/companies/trent-surges-10-as-q2-revenue-beat-lifts-d-street-mood/article71550036.ece)
- 2026-10-06 — Economic Times: **Stocks in news: Vedanta, Kotak Mahindra Bank, Marico, Axis Bank, Trent and Zydus Lifesciences** — Indian equity markets showed signs of recovery on Monday after softer-than-expected US jobs data was released. The Nifty 50 index ended the session up, suggesting improved investor confidence. Investors are watching key corporate updates from companies like Vedanta and Kotak Mahindra Bank for future trends. Firms reported various operational advancements and financial performance improvements for the quarter. The overall sentiment in the market remains cautiously optimistic amid external economi... — [Source](https://economictimes.indiatimes.com/markets/stocks/news/stocks-in-news-vedanta-kotak-mahindra-bank-marico-axis-bank-trent-and-zydus-lifesciences/articleshow/134712004.cms)
- 2026-10-01 — MONEYCONTROL: **Kotak Mahindra Bank – Can the new captain make it a winner?** — MCPro, Moneycontrol Research, Stock Recommendation, Kotak Mahindra Bank — [Source](https://www.moneycontrol.com/news/business/moneycontrol-research/kotak-mahindra-bank-can-the-new-captain-make-it-a-winner-14042579.html)
- 2026-10-01 — Economic Times: **Kotak Mahindra Bank shows bullish breakout; check trade setup and derivative strategy** — Kotak Mahindra Bank has delivered a fresh trendline breakout backed by strong volumes and 200-Day EMA support. Trading above key moving averages, technical indicators signal strengthening momentum towards Rs 430. Derivatives analysts suggest a Hedged Call Ratio Spread targeting Rs 420 by October expiry. — [Source](https://economictimes.indiatimes.com/markets/stocks/news/kotak-mahindra-bank-shows-bullish-breakout-check-trade-setup-and-derivative-strategy/articleshow/134608471.cms)
- 2026-10-01 — Mint: **Macquarie stock recommendations: ICICI Bank, SBI, PayTM to LIC — top 11 financial shares to buy on rerating potential** — Macquarie stock recommendations: The global brokerage is expecting a turn around in the Indian financial shares — [Source](https://www.livemint.com/market/stock-market-news/macquarie-stock-recommendations-icici-bank-sbi-paytm-to-lic-top-11-financial-shares-to-buy-on-rerating-potential-11790829958477.html)
- 2026-10-01 — MONEYCONTROL: **Price Action: Kotak Bank shares up 3% on MD, CEO appointment; IT stocks gain, autos slip** — Buzzing Stocks — [Source](https://www.moneycontrol.com/news/business/markets/price-action-kotak-bank-shares-up-3-on-md-ceo-appointment-it-stocks-gain-autos-slip-14042239.html)
- 2026-10-01 — Economic Times: **Kotak Mahindra Bank shares jump 4% to 8-month high after Anup Kumar Saha named CEO. What Nomura, Jefferies expect** — Shares of Kotak Mahindra Bank rose 4% following the announcement of Anup Kumar Saha's appointment as MD and CEO. Saha, currently an Executive Director, has over 32 years of experience in financial services. He will succeed Ashok Vaswani, who decided not to seek reappointment for personal reasons. Brokerages have indicated that Saha's appointment should benefit the bank's strategic direction and stability. — [Source](https://economictimes.indiatimes.com/markets/stocks/news/kotak-mahindra-bank-shares-in-focus-after-lender-appoints-anup-kumar-saha-as-next-ceo-heres-what-nomura-and-jefferies-expect/articleshow/134607346.cms)
- 2026-10-01 — Economic Times: **Sensex falls over 100 pts, Nifty below 22,550 as market heads for 8th weekly loss, overtaking COVID crash. More pain ahead?** — Indian equity benchmarks Sensex and Nifty fell for a fourth straight session on Thursday, heading for their eighth consecutive weekly loss. Driven by intense FII outflows and surging US bond yields, the market weakness marks the longest losing streak since 2001, surpassing the seven-week Covid crash. — [Source](https://economictimes.indiatimes.com/markets/stocks/news/sensex-falls-100-pts-nifty-below-22550-as-market-heads-for-8th-weekly-loss-overtaking-covid-crash-more-pain-ahead/articleshow/134608284.cms)
- 2026-10-01 — Mint: **Kotak Mahindra Bank shares climb 4% after naming new MD, CEO** — Kotak Mahindra Bank shares climbed almost 4% in morning deals on the BSE on Thursday, 1 October, after the company announced the appointment of a new managing director (MD) and CEO of the bank. — [Source](https://www.livemint.com/market/stock-market-news/kotak-mahindra-bank-shares-climb-4-after-naming-new-md-ceo-11790831222342.html)
- 2026-10-01 — BUSINESSTODAY: **Who is Anup Kumar Saha, the new MD and CEO of Kotak Mahindra Bank?** — Anup Kumar Saha, who is Anup Kumar Saha, Anup Kumar Saha Kotak Mahindra Bank, Kotak Mahindra new MD and CEO, Anup Kumar Saha Kotak Mahindra Bank CEO — [Source](https://www.businesstoday.in/industry/banks/story/who-is-anup-kumar-saha-the-new-md-and-ceo-of-kotak-mahindra-bank-558960-2026-10-01)
- 2026-10-01 — The Hindu: **Anup Kumar Saha to be next MD & CEO of Kotak Mahindra Bank; RBI clears appointment** — RBI approves Anup Saha as Kotak Mahindra Bank's MD & CEO for three years from Jan 1, 2027, succeeding Ashok Vaswani. — [Source](https://www.thehindu.com/business/anup-kumar-saha-to-be-next-md-ceo-of-kotak-mahindra-bank-rbi-clears-appointment/article71531423.ece)
- 2026-10-01 — CNBC-TV18: **What Kotak Bank's choice of new CEO signals to investors** — The Reserve Bank of India, on Thursday, October 1, granted approval for Anup Kumar Saha to become the next MD & CEO of Mumbai-based Kotak Mahindra Bank Ltd. Saha will replace outgoing MD & CEO Ashok Vaswani from January 1, 2027 for a period of three years. — [Source](https://www.cnbctv18.com/business/companies/what-kotak-bank-choice-of-new-ceo-signals-to-investors-alpha-article-20002654.htm)
- 2026-10-01 — BUSINESSTODAY: **Kotak Mahindra Bank share price: Why this stock rose 4% today after CEO announcement** — KMB share price, KMB shares, KMB share price today, Kotak Bank share price — [Source](https://www.businesstoday.in/markets/stocks/story/kotak-mahindra-bank-share-price-why-this-stock-rose-4-today-after-md-ceo-announcement-558952-2026-10-01)
- 2026-10-01 — Mint: **Who is Anup Kumar Saha, the banker set to lead Kotak Mahindra Bank next? | Mint** — Anup Kumar Saha is appointed as the next CEO of Kotak Mahindra Bank, succeeding Ashok Vaswani. He will serve a three-year term and aims to accelerate the bank's growth as the fourth-largest private bank in India. — [Source](https://www.livemint.com/industry/banking/who-is-anup-kumar-saha-the-banker-set-to-lead-kotak-mahindra-bank-11790825977706.html)
- 2026-10-01 — Economic Times: **Who is Anup Kumar Saha, Kotak Mahindra Bank’s new CEO?** — Anup Kumar Saha has been appointed as the next Managing Director and CEO of Kotak Mahindra Bank. His term will commence on January 1, 2027, following Reserve Bank of India's approval. Currently a whole-time director, Saha brings over 32 years of experience in banking and financial services. He aims to enhance customer relationships and create sustainable value for stakeholders. The bank will seek shareholder approval to formalize his appointment. — [Source](https://economictimes.indiatimes.com/industry/banking/finance/banking/who-is-anup-kumar-saha-kotak-mahindra-banks-new-ceo-from-bajaj-finance-chief-to-leading-indias-fourth-largest-pvt-lender/articleshow/134607380.cms)
- 2026-10-01 — News18: **Market Today: Sensex Falls 172 Points, Nifty Opens Below 22,600; Auto, Pharma Drag** — The domestic equity markets open lower on Thursday, October 1, with selling pressure visible across broader markets. — [Source](https://www.news18.com/business/markets/market-today-sensex-falls-172-points-nifty-opens-below-22600-auto-pharma-drag-10361957.html)
- 2026-10-01 — MONEYCONTROL: **Kotak Mahindra Bank shares gain over 3% after Anup Kumar Saha named new MD & CEO** — Kotak Mahindra Bank, Kotak Mahindra Bank news, Kotak Mahindra Bank latest news, Kotak Mahindra Bank stocks, Kotak Mahindra Bank shares, Kotak Mahindra Bank share price, Kotak stocks, Kotak share price, Anup Kumar Saha — [Source](https://www.moneycontrol.com/news/business/stocks/kotak-mahindra-bank-shares-rise-over-2-after-anup-kumar-saha-named-new-md-ceo-14042451.html)
- 2026-10-01 — FEEDS: **Kotak Mahindra Bank Share Price Gains Over 3% After Appointment Of Anup Kumar Saha As New MD And CEO** — Kotak Mahindra Bank said that the Reserve Bank of India (RBI) has approved the appointment of Anup Kumar Saha as MD & CEO for three years, effective January 1, 2027. — [Source](https://www.ndtvprofit.com/markets/kotak-mahindra-bank-share-price-gains-over-2-after-appointment-of-anup-kumar-saha-as-new-md-and-ceo-12123128)
- 2026-10-01 — The Hindu: **Anup Saha to be next MD & CEO of Kotak Mahindra Bank** — Kotak Mahindra Bank names Anup Kumar Saha as MD & CEO from 2027, following RBI approval, with extensive retail, analytics and leadership experience. — [Source](https://www.thehindubusinessline.com/money-and-banking/anup-saha-to-be-next-md-ceo-of-kotak-mahindra-bank/article71531299.ece)

## Business profile

**Strategic vision:** Indian bank offering diversified financial services.

### Business segments
- **Retail Banking & Kotak 811:** Manages personal savings accounts, home loans, credit cards, personal lending, and digital banking platforms.
- **Corporate, Commercial and Investment Banking:** 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.
- **Kotak Securities Limited:** Provides retail stock brokerage, depository services, and investment research.
- **Kotak Mahindra Asset Management Co. Ltd.:** Manages mutual fund portfolios and retirement plans.
- **Kotak Mahindra Prime Limited:** The dedicated automobile and passenger car finance company.
- **Kotak Mahindra Life Insurance Co. Ltd.:** Offers term, savings, and pension life insurance products.

### Competitive strengths
- 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.

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## Freshness and sources

- Data as of: 2026-10-13
- Source: Faxioms public stock analysis API

Canonical: https://faxioms.com/stocks/kotakbank
Markdown representation: https://faxioms.com/stocks/kotakbank?render=md