Kotak Mahindra Bank Ltd for the second quarter ended September 30, 2025 reported 3% fall in standalone net profit to ₹3,253 crore from ₹ 3,344 crore in the year ago period due to impact of repo rate cut and a fall in Net Interest Margin (NIM) the bank’s management said.
Net Interest Income (NII) for the quarter increased to ₹ 7,311 crore, up 4% YoY from ₹ 7,020 crore a year ago.
Net Interest Margin (NIM) was lower at 4.54% for the quarter as compared with 4.91% a year ago while cost of funds was 4.70%.
During the quarter net advances of the bank increased 16% YoY to ₹ 462,688 crore as at September 30, 2025 from ₹ 399,522 crore a year ago. Average total deposits grew to ₹ 510,538 crore up 14% YoY from ₹ 446,110 crore for the year ago period.
As at September 30, 2025, Gross Non Performing Asset (GNPA) was lower at 1.39% As against 1.49% a year ago & NNPA was 0.32% as against 0.43% at September 30, 2024.
The management said the micro finance and credit card businesses which had witnessed stress have now stabilised, but the retail commercial vehicles loan business had got into stress during the quarter due to income expenditure mismatch of borrowers.
As at September 30, 2025, Provision Coverage Ratio stood at 77%.
On a consolidated basis the bank reported 11% fall in net profit to ₹4,468 crore from ₹5,044 crore a year ago due to adverse impact at Kotak Securities and Kotak Life Insurance. Kotak Mahindra Bank Ltd. on Saturday announced that the Reserve Bank of India (RBI) has accorded its approval for the reappointment of C.S. Rajan, Independent Director on the Board of the Bank, as Part-Time Chairman for a further period from January 1, 2026 to October 21, 2027.
Ashok Vaswani, Managing Director & CEO, Kotak Mahindra Bank said,”The Bank stands at an exciting juncture of growth and transformation. As we navigate our next phase of growth, we look forward to Mr. Rajan’s continued leadership andstrategic vision, which will help us deliver sustainable value to our stakeholders.”
Published – October 25, 2025 11:47 pm IST
