The lender’s net advances, at the end of the power, were up 15.1% at ₹5.12 lakh crore from last year.
Its current account savings account (CASA)-end of period increased 10.2% from last year to ₹2.31 lakh crore.The lender’s total deposits-EOP were up 11.7% from the previous fiscal to ₹5.72 lakh crore.
On another note, earlier this week, the bank inked a business transfer agreement worth around 281.7 crore in cash to acquire Deutsche Bank AG’s retail banking, private banking and wealth management business in India on a slump sale basis.As of March 31, 2026, the business sundertaking includes approximately ₹29,000 crore in advances outstanding and ₹16,000 crore in deposits.
The lender will pay a total purchase consideration of around 281.7 crore in cash, subject to adjustments in accordance with the terms of the agreement. Separately, the bank will also pay the net funding position of assets less liabilities at closing.
The acquisition is subject to approvals from the Competition Commission of India (CCI), National Securities Depository Limited (NSDL), Central Depository Services (India) Limited (CDSL), and other regulatory clearances. The transaction is expected to be completed by September 2027, subject to conditions precedent.
Shares of Kotak Mahindra Bank ended the previous session 0.6% lower at ₹396.95 apiece. The stock has gained 4% in the past month but has declined 10.5% this year, so far.
Also Read: Shakti Pumps receives MSEDC empanelment for 15,000 solar pumps worth ₹353.89 crore
