
Kotak Mahindra Bank's Q2 net advances surged 24.7% YoY to ₹5.77 lakh crore, while total deposits climbed 23.2% YoY to ₹6.51 lakh crore.
The bank’s net advances grew from ₹4.64 lakh crore in Q1, marking a 1.3‑point jump in the growth rate compared to the previous quarter. Industry peers like HDFC Bank and ICICI Bank posted 18% and 16% YoY increases respectively, positioning Kotak ahead of the sector median.
CASA deposits rose 11.3% YoY to ₹2.49 lakh crore, reflecting a steady shift of retail deposits into the bank’s low‑cost balance sheet. The net advances to deposits ratio improved to 88% from 85% in Q1, indicating a higher leverage and a tighter credit appetite.
Analysts now anticipate a higher EPS margin for FY25 as the bank’s loan‑to‑deposit ratio continues to strengthen. Kotak’s management is expected to release its full‑year guidance in March, providing clarity on expected asset‑quality trends and capital adequacy.