Mumbai, July 6 -- On a sequential basis, the bank's average total deposits increased 3.8% quarter-on-quarter (QoQ).

Average current account and savings account (CASA) deposits stood at Rs 2,16,898 crore, up 13% YoY and 2.4% QoQ during the quarter.

During the quarter, net advances (end-of-period basis) rose 15.1% YoY to Rs 5,12,171 crore in Q1 FY27, compared with Rs 4,44,823 crore in Q1 FY26. On a QoQ basis, net advances increased 3.2%.

Total deposits on an end-of-period basis stood at Rs 5,72,822 crore, registering an 11.7% YoY increase and a marginal 0.1% rise over the previous quarter.

Kotak Mahindra Bank is the flagship company of the Kotak Group and has diversified operations covering commercial vehicle financing, consumer loans, ...