Kotak Bank Q1 net rises 26% on loan growth

Kotak Mahindra Bank posted a 26 percent year-on-year rise in net profit to about Rs 4,123 crore for Q1 FY26, driven by 15 percent growth in net advances to Rs 5.12 lakh crore and a 45 percent decline in provisions to Rs 668 crore. Net interest income rose 9 percent to Rs 7,928 crore, while net interest margin stood at 4.53 percent, modestly lower than 4.65 percent a year ago, with management indicating margins have largely stabilised. Asset quality improved sharply, with gross NPAs falling to 1.18 percent from 1.48 percent and the capital adequacy ratio remaining strong at 22.8 percent.