Kotak Mahindra Bank shares in focus after Q1 advances jump 15% to Rs 5.12 lakh crore, deposits up 12%

Kotak Mahindra Bank reported strong Q1 FY27 provisional business update with net advances rising 15% YoY to Rs 5.12 lakh crore (up about 3% QoQ from Rs 4.69 lakh crore). Deposits grew nearly 12% YoY to Rs 5.73 lakh crore, though CASA deposits fell around 7% QoQ to Rs 2.31 lakh crore despite a 10% YoY rise. Separately, the bank recently signed a definitive agreement to acquire Deutsche Bank's India retail, private banking, and wealth management business for Rs 282 crore.