Kotak Mahindra Bank to pursue acquisitions alongside organic growth

Kotak Mahindra Bank, led by MD Ashok Vaswani, outlined a dual growth strategy emphasizing organic expansion supplemented by inorganic acquisitions, citing the recently signed Rs 282 crore deal to acquire Deutsche Bank's retail, private banking and wealth management business in India. The bank, with a consolidated balance sheet exceeding Rs 10 lakh crore, reported a consolidated net profit of Rs 19,103 crore for FY26, with subsidiaries contributing 27% of the total. Management highlighted India's digital public infrastructure, deeper global integration, and AI as key growth enablers.