Kotak Mahindra Bank (KMB) reported a 13 per cent year-on-year (y-o-y) increase in fourth quarter standalone net profit at ₹4,027 crore on the back of a decent growth in net interest income and sharp decline in provisions.
India’s fourth largest private sector bank had clocked a net profit of ₹3,552 crore in the year ago quarter.
Standalone net profit for FY26 declined 15 per cent y-o-y to ₹14,008 crore vs ₹16,450 crore. The net profit last year was boosted due to sale by the Bank of 70 per cent stake in Kotak General Insurance to Zurich Insurance Company for ₹4,096 crore resulting in net gain of ₹3,803 crore (pre-tax).
The Bank’s board recommended a dividend of ₹0.65 per equity share of ₹1 face value each for FY26.
In the reporting quarter, net interest income (interest earned less interest expended) was up 8 per cent y-o-y at ₹7,876 crore ₹7,284 crore in Q4FY25).
Other income, including non-fund based income such as commission earned from guarantees/ letters of credit, selling of third party products, general banking fees, earnings from foreign exchange transactions, profit / loss from sale and revaluation of investments, and income earned by way of dividend, etc. from subsidiaries/associates, declined 2 per cent y-o-y to ₹3,116 crore ( ₹3,182 crore).
Provisions, including towards non-performing assets (NPAs), declined 43 per cent y-o-y to ₹516 crore ( ₹909 crore).
Asset quality improved further, with the gross NPA position nudging lower to 1.2 per cent of gross advances as at March-end 2026 from 1.42 per cent as at March-end 2025. The net NPA position too improved to 0.25 per cent from 0.31 per cent.
As on March-end 2026, deposits and net advances increased 15 per cent (to stand at ₹5,72,456 crore) and 16 per cent ( ₹4,96,009 crore, respectively.
Ashok Vaswani, MD & CEO, said the Bank is closely monitoring the second-order impact of the geo-political developments and the El Nino weather pattern. Further, he does not see any stress from the West Asia war.
The Bank expects to grow its unsecured book to grow in a calibrated manner, with the focus being on existing customers.
Meanwhile, KMB reported a consolidated net profit of ₹5,423 crore in the reporting quarter, up 10 per cent y-o-y from ₹4,933 crore a year ago.
Published on May 2, 2026