Archive · 26 Jul 2025
Kotak Mahindra Bank Q1 Profit Dips 7%; Asset Quality Weakens
Kotak Mahindra Bank made less money this past quarter.
Although it earned more interest from loans, the bank had to set aside much more money to cover possible bad loans.
Some of its other businesses, like investments and insurance, did well and helped the bank overall.
The bank's stock price slightly decreased.
Kotak Mahindra Bank's standalone net profit decreased by 7% to ₹3,282 crore in Q1FY26.
Net interest income (NII) rose 6% to ₹7,259 crore, with a NIM of 4.65%.
Provisions and contingencies surged 109% to ₹1,208 crore, impacting profitability.
Gross non-performing assets (GNPA) increased to 1.48%, asset quality weakened.
Kotak Mahindra Group's consolidated net profit grew 1% to ₹4,472 crore, excluding insurance gain.
- Who
- Kotak Mahindra Bank.
- What
- Kotak Mahindra Bank's net profit declined 7% in Q1FY26.
- When
- Q1FY26, reported on July 26.
- Where
- No specific location mentioned.
- Why
- Due to increased provisions for potential bad loans.
- Net Profit (Standalone)
- ₹3,282 crore
- Net Interest Income (NII)
- ₹7,259 crore
- Net Interest Margin (NIM)
- 4.65%
- Provisions & Contingencies
- ₹1,208 crore
- GNPA
- 1.48%
- Consolidated Net Profit
- ₹4,472 crore
- Customer Assets
- ₹4,92,972 crore
