Kotak Mahindra Bank Limited · NSE:KOTAKBANK
Kotak Mahindra Bank — Q3 FY26 Earnings Presentation
29 slides from Kotak Mahindra Bank's earnings presentation, Jan 24, 2026
Slide 1: Exchange filing cover letter for investor presentation
January 24, 2026 BSE Limited National Stock Exchange of India Limited Corporate Relationship Department Exchange Plaza, Plot No. C/1, G Block, Phiroze Jeejeebhoy Towers, Bandra-Kurla Complex, Dalal Street, Bandra (East), Mumbai 400 001 Mumbai 400 051 BSE Scrip 500247, 958687, 974396, NSE Symbol: KOT
Slide 2: Transforming for scale - Investor Presentation Q3FY26
Transforming for scale Investor Presentation Q3FY26 Presentation on financial results for the Period ended 31st December, 2025 24th January, 2026
Slide 3: Consolidated Highlights
Consolidated Highlights Q3FY26 PAT ₹ 4,924 cr 5% ROA 2.10% ROE 11.39% Q3FY25 ₹ 4,701 cr 2.30% 12.43% As at Customer Assets* CAR CET-I Book Value / Share$ Customer AUM Dec’25 ₹ 787,950 cr 15% ₹ 598,780 cr 15% 23.3% 22.4% ₹ 176 15% Dec’24 ₹ 685,134 cr ₹ 519,126 cr 23.4% 22.5% ₹ 154 CAR and CET-I -as p
Slide 4: Kotak Group PAT – Q3FY26
Kotak Group PAT – Q3FY26 ₹ cr Q3FY26 Q3FY25 Q2FY26 YoY QoQ PAT Contribution Kotak Mahindra Bank 3,446 3,305 3,253 4% 6% Kotak Mahindra Prime 250 218 246 15% 1% Q3FY26 Kotak Mahindra Investments 87 107 120 (19%) (28%) Kotak Infrastructure Debt Fund 14 12 16 14% (12%) Q3FY25 BSS Sonata Microcredit&# (
Slide 5: Kotak Group PAT – 9MFY26
Kotak Group PAT – 9MFY26 ₹ cr 9MFY26 9MFY25 YoY FY25 PAT Contribution Kotak Mahindra Bank 9,981 10,168 (2%) 13,720 Kotak Mahindra Prime 768 718 7% 1,015 Kotak Mahindra Investments 313 386 (19%) 501 9MFY26 Kotak Infrastructure Debt Fund 44 40 12% 53 BSS Sonata Microcredit&# (64) 17 - (74) 9MFY25^ Son
Slide 6: Kotak Group Networth & ROE
Kotak Group Networth & ROE ₹ cr PAT Q3FY26 Networth Dec’25 ROE CET-I Networth NetworthContribution Contribution Kotak Mahindra Bank 3,446 130,963 21.5% Kotak Mahindra Prime 250 10,936 23.2% Kotak Mahindra Investments 87 4,149 36.2% Kotak Infrastructure Debt Fund 14 617 44.5% 84% BSS Sonata Microcred
Slide 7: Kotak Group - Customer Assets Under Management
Kotak Group - Customer Assets Under Management Total: ₹ 787,950 cr 15% Total: ₹ 685,134 cr Domestic MF Equity Domestic MF Equity 319,161 383,172 Domestic MF Debt Domestic MF Debt 203,438 169,824 31st Dec, 31st Dec, 2025 2024 NPS & PMS Offshore Funds NPS & PMS Offshore Funds^ 10,471 53,339 15,075 54,
Slide 8: Bank Highlights
Bank Highlights Q3FY26 PAT ₹ 3,446 cr 4% 4.54% NIM ROA 1.89% Cost / Income 48.3% Credit Cost 0.63% Q3FY25 47.2% ₹ 3,305 cr 4.93% 2.10% 0.68% As at Customer Assets* Deposits CAR CET-I Dec’25 ₹ 529,455 cr 15% ₹ 542,638 cr 15% Net NPA 0.31% CASA Ratio 41.3% 22.6% 21.5% Dec’24 ₹ 459,436 cr ₹ 473,497 cr
Slide 9: Profit and Loss Statement – Q3FY26
Profit and Loss Statement – Q3FY26 ₹ cr Q3FY26 Q3FY25 Q2FY26 YoY QoQ 7,565 7,196 7,311 5% 3% Notes Net Interest Income Other Income 2,838 2,623 2,589 8% 10% Q3FY26: Employee cost includes estimated incremental Fee and Services 2,549 2,362 2,415 8% 6% cost of ₹ 96 cr pursuant to new Labour Code Tradi
Slide 10: Profit and Loss Statement – 9MFY26
Profit and Loss Statement – 9MFY26 ₹ cr 9MFY26 9MFY25 YoY FY25 Net Interest Income 22,135 21,058 5% 28,342 Notes Other Income 8,507 8,236 3% 11,418 Fee and Services 7,213 6,915 4% 9,530 9MFY26: Employee cost includes estimated incremental cost of Trading and MTM income* 66 227 (71%) 253 ₹ 96 cr purs
Slide 11: Balance Sheet
Balance Sheet ₹ cr 31-Dec-25 31-Dec-24 30-Sep-25 ₹ cr 31-Dec-25 31-Dec-24 30-Sep-25 Capital & Reserves and Surplus 130,963 114,870 125,157 Cash, Bank and Call 42,873 41,115 49,792 Deposits 542,638 473,497 528,776 Investments 187,149 163,819 172,994 of which, CASA 224,199 200,412 223,791 Net Advances
Slide 12: Deposits
Deposits CASA EOP (₹ cr) Averages Q3FY26 YoY % Q3FY25 CASA % 41.3% 42.3% 42.3% Total Deposits 526,025 15% 458,614 11,935 16,198 13,384 126,330 120,520 Current Account 75,596 14% 66,589 109,314 Fixed rate Savings 118,505 12% 105,682 Account 85,934 74,900 89,887 Floating rate -26% 13,854 18,600 Saving
Slide 13: Customer Assets
Customer Assets ₹ cr 31-Dec-25 31-Dec-24 30-Sep-25 YoY QoQ Advance Mix Home Loans & LAP 144,156 121,700 137,893 18% 5% Business Banking Assets 50,306 41,687 47,825 21% 5% 2% PL, BL and Consumer 24,928 21,298 24,272 17% 3% Consumer Durables Credit Cards 12,322 14,116 12,444 (13%) (1%) 31% Commercial
Slide 14: Asset Quality
Asset Quality ₹ cr Q3FY26 Q3FY25 Q2FY26 ₹ cr 31-Dec-25 31-Dec-24 30-Sep-25 Opening GNPA 6,480 6,033 6,638 GNPA (%) 1.30% 1.50% 1.39% Fresh Slippages 1,605 1,657 1,629 NNPA (%) 0.31% 0.41% 0.32% Upgradations & Recoveries 778 762 688 PCR (%) 76% 73% 77% Write-offs 987 662 1,099 GNPA 6,320 6,266 6,480
Slide 15: Bank’s Financial Health Indicators
Bank’s Financial Health Indicators Particulars Q3FY26 Q3FY25 Q2FY26 NIM 4.54% 4.93% 4.54% Cost of Funds 4.54% 5.06% 4.70% Profitability Return on Equity 10.68% 11.63% 10.38% Return on Assets 1.89% 2.10% 1.88% Cost to Income 48.3% 47.2% 46.8% Efficiency Cost to Assets 2.76% 2.95% 2.67% CD Ratio 88.6%
Slide 16: Kotak Mahindra Prime
Kotak Mahindra Prime Customer assets^ (₹ cr) ₹ cr Q3FY26 Q3FY25 Q2FY26 FY25 NII 592 527 575 2,133 43,244 42,274 13% 38,250 Other Income 152 148 148 686 8,342 7,859 6,002 NII and Other Income 744 675 723 2,819 Profit Before Tax 331 291 328 1,357 34,902 34,415 32,248 Profit After Tax 250 218 246 1,015
Slide 17: Kotak Securities
Kotak Securities ₹ cr Q3FY26 Q3FY25 Q2FY26 FY25 KS Cash ADV (₹ cr) Total Income 1,461 1,355 1,299 5,348 Profit After Tax^ 431 448 345 1,640 Cash Market Share* (%) 9.9 9.1 9.6 9.4 2% 7,320 Derivative Market Share* (%) 15.5 12.7 15.1 12.9 6,787 6,667 6,429 Overall Market Share*(%) 13.5 11.5 13.1 11.6
Slide 18: Kotak Mahindra AMC & Trustee Co.
Kotak Mahindra AMC & Trustee Co. Average Assets Under Management (₹ cr) – Overall ₹ cr Q3FY26 Q3FY25 Q2FY26 FY25 Profit After Tax* 315 240 258 977 19% *PAT includes Investment Income: 588,205 567,001 • Q3FY26: ₹ 77 cr 492,721 468,820 • Q3FY25: ₹ 37 cr • Q2FY26: ₹ 29 cr • FY25: ₹ 225 cr Q3FY26 Q3FY25
Slide 19: Kotak Mahindra Life Insurance
Kotak Mahindra Life Insurance Gross written premium (₹ cr) ₹ cr Q3FY26 Q3FY25 Q2FY26 FY25 4,943 4,293 4,430 18,376 15% Capital and Reserves & 6,648 6,331 6,486 6,403 Surplus 2,524 2,294 2,253 9,832 Total Premium 4,943 4,293 4,430 18,376 1,273 1,078 1,137 4,450 PAT(Shareholders’) 162 164 49 769 367 2
Slide 20: Building on the Power of a Diversified Financial Conglomerate
Building on the Power of a Diversified Financial Conglomerate Four Engines of growth that enables us to meet Our conglomerate structure helps retain profitability customer needs across the financial spectrum within the group by capturing shifting financial trends through cycles Consolidated PAT con
Slide 21: Focus Customer Segments are Served through Curated Propositions
Focus Customer Segments are Served through Curated Propositions Core India Customer High Networth Customer (HNI) SME Customer Institutional Customer Curated comprehensive propositions Kotak811 is a proposition: for HNIs: A relationship centric A full-scale Corporate and • Focused on serving Core • B
Slide 22: Rendering Digital Experiences for our Chosen Customer Segments
Rendering Digital Experiences for our Chosen Customer Segments Affluent, NR and Core India Corporate and Investors (for Trading Self Employed (a Billion Indians) SME and Investment needs) 4.7 4.6 4.8 4.7 4.7 4.4 Kotak Bank App Kotak811 Kotak fyn Kotak Neo An App tailored for a diverse set of Full-st
Slide 23: Geographical Presence
Geographical Presence Group Branches distributed across various geographies Bank Branch Classification Bank Branch Distribution (No. | %) (No. | % ) Network in India Branches Metro 1,021 | 46% North 714 | 32% Urban 481 | 22% East 186 | 8% Kotak Bank 2,218 Semi Urban 325 | 15% West 679 | 31% Rural 39
Slide 24: Creating Value for our Stakeholders
Creating Value for our Stakeholders Customers: The Heart of Our Business Getting it right by our customers by understanding their needs and stitching together relevant product propositions drawn from capabilities across the Group companies will help us become primary Banking relationship for our Cus
Slide 25: Annexure
Annexure 24
Slide 26: Kotak - A Diversified Financial Conglomerate
Kotak - A Diversified Financial Conglomerate All subsidiaries are 100% beneficially owned by the Bank Kotak Mahindra Bank Kotak Securities Bank Capital Stock Broking Kotak Mahindra Capital Company Kotak Mahindra Prime Market Investment Banking Car and Two-Wheeler Loans Banking & Kotak Mahindra Trust
Slide 27: Customer Segments are Served Through Diversified Products
Customer Segments are Served Through Diversified Products Consumer Banking Commercial Banking •Branch Banking • Small Business Loans •Agriculture Finance •Tractor Finance •Priority Banking • Working Capital •Commercial Vehicles •Microcredit •Kotak811 • NRI Banking •Construction Equipment •Gold Loans
Slide 28: ESG at Kotak
ESG at Kotak Board-level CSR and ESG committee constituting both the Board Chair and the MD & CEO, has oversight of the Bank’s ESG strategy and performance Environment Social Governance Sustainable finance Focus on Colleagues Tenured senior management Board approved green and sustainable finance 5 p
Slide 29: Disclaimer
Disclaimer Equity This presentation is for information purposes only and does not constitute an offer, solicitation or advertisement with respect to the purchase or sale of any security of Kotak Mahindra Bank Limited (the “Bank”) and no part of it shall form the basis of or be relied upon in connect