Shares of Kotak Mahindra Bank Ltd. surged nearly 4% in intraday trade on Tuesday following the release of its Q1 FY26 business update, which showed healthy year-on-year (YoY) and quarter-on-quarter (QoQ) growth in both advances and deposits.

As of June 30, 2025, the bank’s net advances rose 14% YoY and 4.2% QoQ to ₹4.45 lakh crore, reflecting continued momentum in its lending business. Meanwhile, end-of-period (EOP) deposits grew 14.6% YoY and 2.8% QoQ to ₹5.13 lakh crore. Average deposits also rose 12.9% YoY and 5.0% QoQ to ₹4.92 lakh crore, indicating a steady build-up in the bank’s funding base.

The CASA ratio (current account and savings account) showed mixed trends. While average CASA deposits increased 4.2% YoY and 2.1% QoQ to ₹1.92 lakh crore, EOP CASA stood at ₹2.10 lakh crore, up 7.9% YoY but slightly down 2.2% QoQ. The marginal sequential dip in CASA could be attributed to shifting customer preferences or reallocation of funds.

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