Kotak Mahindra Bank Limited · NSE:KOTAKBANK
Kotak Mahindra Bank — Q4 FY26 Earnings Presentation
31 slides from Kotak Mahindra Bank's earnings presentation, May 2, 2026
Slide 1: Exchange filing cover letter
May 2, 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 KOTAKBANK, KMBL,
Slide 2: Transforming for scale
Transforming for scale Investor Presentation Q4FY26 Presentation on financial results for the Period ended 31st March, 2026 2nd May, 2026
Slide 3: Consolidated Highlights
Consolidated Highlights Q4FY26^ PAT ₹ 5,238 cr 6% ROA 2.18% ROE 11.92% Q4FY25 ₹ 4,933 cr 2.36% 12.90% FY26^ PAT ₹ 19,103 cr ROA 2.06% ROE 11.28% FY25# ₹ 19,113 cr 2.36% 13.12% As at Customer Assets* CAR CET-I Book Value / Share$ Customer AUM Mar’26 ₹ 747,613 cr 12% ₹ 616,219 cr 15% 23.0% 22.1% ₹ 182
Slide 4: Kotak Group PAT – Q4FY26
Kotak Group PAT – Q4FY26 ₹ cr Q4FY26 Q4FY25 Q3FY26 YoY QoQ PAT Contribution Kotak Mahindra Bank 4,027 3,552 3,446 13% 17% (Bank & Subsidiaries) Kotak Mahindra Prime 240 297 250 (19%) (4%) Kotak Mahindra Investments 115 116 87 - 33% Q4FY26* Kotak Infrastructure Debt Fund 16 13 14 18% 15% BSS Sonata M
Slide 5: Kotak Group PAT – FY26
Kotak Group PAT – FY26 ₹ cr FY26 FY25 YoY PAT Contribution Kotak Mahindra Bank 14,008 13,720 2% (Bank & Subsidiaries) Kotak Mahindra Prime 1,008 1,015 (1%) Kotak Mahindra Investments 428 501 (15%) Kotak Infrastructure Debt Fund 60 53 13% FY26* BSS Sonata Microcredit&# (73) (74) - Sonata Finance# - 1
Slide 6: Kotak Group Networth & ROE
Kotak Group Networth & ROE ₹ cr PAT FY26 Networth Mar’26 ROE CET I Networth Contribution Networth Contribution * (Bank & Subsidiaries) Kotak Mahindra Bank 14,008 135,199 21.3% Kotak Mahindra Prime 1,008 11,159 22.8% Kotak Mahindra Investments 428 4,252 34.9% Kotak Infrastructure Debt Fund 60 633 44.
Slide 7: Group - Customer Assets Under Management
Kotak Group - Customer Assets Under Management Total: ₹ 747,613 cr 12% Total: ₹ 667,163 cr Domestic MF Equity Domestic MF Equity 313,084 352,827 Domestic MF Debt Domestic MF Debt 202,403 165,372 31st Mar, 31st Mar, 2026 2025 NPS & PMS NPS & PMS 10,883 Offshore Funds 14,514 Offshore Funds 44,129 42,2
Slide 8: Bank Highlights
Bank Highlights Q4FY26 PAT ₹ 4,027 cr 13% 4.67% NIM ROA 2.14% Cost / Income 46.7% Credit Cost 0.39% Q4FY25 47.7% ₹ 3,552 cr 4.97% 2.19% 0.64% FY26 PAT ₹ 14,008 cr 4.60% 2% NIM ROA 1.97% Cost / Income 47.0% Credit Cost 0.65% FY25^ 47.2% ₹ 13,720 cr 4.96% 2.21% 0.60% As at Customer Assets* Deposits CA
Slide 9: Profit and Loss Statement – Q4FY26
Profit and Loss Statement – Q4FY26 ₹ cr Q4FY26 Q4FY25 Q3FY26 YoY QoQ Notes Net Interest Income 7,876 7,284 7,565 8% 4% Q4FY26: Employee cost includes reversal in retiral benefits Other Income 3,116 3,182 2,838 (2%) 10% due to movement in discount rate: ~ ₹ 100 cr Fee and Services 2,767 2,616 2,549 6
Slide 10: Profit and Loss Statement – FY26
Profit and Loss Statement – FY26 ₹ cr FY26 FY25 YoY Net Interest Income 30,010 28,342 6% Notes Other Income 11,623 11,418 2% FY25 includes interest on income tax refunds of ₹ 24 cr & Fee and Services 9,981 9,530 5% tax credits of ₹ 110 cr Trading and MTM income* 117 252 (54%) Others 1,525 1,636 (7%)
Slide 11: Balance Sheet
Balance Sheet ₹ cr 31-Mar-26 31-Mar-25 31-Dec-25 ₹ cr 31-Mar-26 31-Mar-25 31-Dec-25 Capital & Reserves and Surplus 135,199 117,146 130,963 Cash, Bank and Call 84,089 65,779 42,873 Deposits 572,456 499,055 542,638 Investments 172,535 181,907 187,149 of which, CASA 247,723 214,416 224,199 Net Advances
Slide 12: Deposits
Deposits CASA EOP (₹ cr) Averages Q4FY26 YoY % Q4FY25 CASA % 43.3% 43.0% 41.3% Total Deposits 538,301 15% 468,486 13,707 19,606 11,935 132,369 126,330 Current Account 77,058 18% 65,427 111,950 Fixed rate Savings 122,364 17% 104,379 Account 101,647 82,860 85,934 Floating rate -32% 12,476 18,232 Savin
Slide 13: Customer Assets
Customer Assets ₹ cr 31-Mar-26 31-Mar-25 31-Dec-25 YoY QoQ Advance Mix – 31st March, 2026 Home Loans & LAP 150,504 127,025 144,156 18% 4% PL, BL and Consumer 25,672 24,818 24,928 3% 3% Durables 2% Consumer Credit Cards 12,294 13,420 12,322 (8%) - Others 2,964 3,013 2,957 (2%) - 24% Commercial Consum
Slide 14: Asset Quality
Asset Quality ₹ cr Q4FY26 Q4FY25 Q3FY26 ₹ cr 31-Mar-26 31-Mar-25 31-Dec-25 Opening GNPA 6,320 6,266 6,480 GNPA (%) 1.20% 1.42% 1.30% Fresh Slippages 1,018 1,488 1,605 NNPA (%) 0.25% 0.31% 0.31% Upgradations & Recoveries 680 747 778 PCR (%) 79% 78% 76% Write-offs 640 873 987 GNPA 6,018 6,134 6,320 Cl
Slide 15: Bank’s Financial Health Indicators
Bank’s Financial Health Indicators Particulars Q4FY26 Q4FY25 Q3FY26 FY26 FY25 NIM 4.67% 4.97% 4.54% 4.60% 4.96% Cost of Funds 4.45% 5.09% 4.54% 4.67% 5.10% Profitability Return on Equity 12.27% 12.42% 10.68% 11.08% 12.57% Return on Assets 2.14% 2.19% 1.89% 1.97% 2.21% Cost to Income 46.7% 47.7% 48.3
Slide 16: Kotak Mahindra Prime
Kotak Mahindra Prime Customer Assets^ (₹ cr) ₹ cr Q4FY26 Q4FY25 Q3FY26 FY26 FY25 NII 613 584 592 2,348 2,133 44,933 43,245 YoY: 12% 40,123 91 175 152 568 686 9,035 Other Income QoQ: 4% 6,702 8,342 -Of which MTM on OIS (68) 24 (11) (63) 29 NII and Other Income 704 759 744 2,917 2,819 35,898 34,903 33
Slide 17: Kotak Securities
Kotak Securities KS Cash ADV (₹ cr) ₹ cr Q4FY26 Q4FY25 Q3FY26 FY26 FY25 YoY: (3%) Total Income 1,499 1,315 1,461 5,705 5,348 YoY: 34% QoQ: 13% -Of which Investment Income 13 156 80 237 214 7,636 6,787 7,118 7,320 Profit After Tax 400 348 431 1,642 1,640 5,698 Cash Market Share* (%) 9.8 8.8 9.9 9.9 9
Slide 18: Kotak Mahindra AMC & Trustee Co.
Kotak Mahindra AMC & Trustee Co. Average Assets Under Management (₹ cr) - Overall ₹ cr Q4FY26 Q4FY25 Q3FY26 FY26 FY25 Profit After Tax 184 364 315 1,082 977 YoY: 23% YoY: 22% QoQ: 2% - Of which Investment (57) 171 77 167 225 599,283 588,205 570,041 Income* 487,155 468,820 *Net of taxes Key Highlight
Slide 19: Kotak Alternate Assets
Kotak Alternate Assets Comprehensive platform covering 4 different asset classes Total funds raised since inception Real Estate1 Hybrid Credit2 Private Equity3 Real Assets4 USD 5,019 mn USD 3,230 mn USD 2,080 mn USD 1,235 mn USD 11.5 bn Key Highlights Total funds raised - Since inception (USD mn) 60
Slide 20: Kotak Mahindra Life Insurance
Kotak Mahindra Life Insurance Gross Written Premium (₹ cr) ₹ cr Q4FY26 Q4FY25 Q3FY26 FY26 FY25 9,207 7,239 4,943 21,441 18,376 Capital and Reserves & YoY: 17% 6,738 6,403 6,648 6,738 6,403 YoY: 27% Surplus 4,783 QoQ: 86% 4,341 2,525 10,904 9,832 Total Premium 9,207 7,239 4,943 21,441 18,376 2,592 1,
Slide 21: Kotak Mahindra Life Insurance
Kotak Mahindra Life Insurance ₹ cr FY26 Individual New Business Product Mix# FY26 Indian Embedded Value (IEV)* 19,224 Participating Products 27.8% Value of New Business (VNB) * 1,260 Non-Participating Products 31.7% VNB Margin (%)* 28.5% Annuity Products (Non participating) 11.0% ULIP 29.5% Highligh
Slide 22: 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 23: Focus Customer Segments : Individual Customers
Focus Customer Segments : Individual Customers served through curated propositions HNI : Private Banking + Solitaire Core India : Kotak811 Proposition: Proposition: Group-wide holistic suite of offerings across full range of banking & insurance Serving Core India (a billion Indians) through fully di
Slide 24: Focus Customer Segments : Non - Individual Customers
Focus Customer Segments : Non - Individual Customers served through curated propositions SME Institutional Proposition: Proposition: Relationship-led banking proposition for delivering end-to-end solutions across A fully integrated platform delivering balance-sheet, capital market and advisory worki
Slide 25: Independent Product Businesses within the Bank
Independent Product Businesses within the Bank Tractor Finance Commercial Vehicle / Construction Equipment Portfolio characteristics: Portfolio characteristics: • Highly granular, fixed-rate and secured book • Fixed-rate, secured lending with strong dealer / OEM ecosystems • Deep rural reach (600+ d
Slide 26: Geographical Presence
Geographical Presence Group Branches distributed across various geographies Bank Branch Classification Bank Branch Distribution (No. | %) (No. | % ) Network in India Branches Metro 1,049 | 46% North 730 | 32% Urban 487 | 21% East 194 | 9% Kotak Bank 2,276 Semi Urban 328 | 14% West 695 | 31% Rural 41
Slide 27: 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 28: Annexure
Annexure 27
Slide 29: 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 30: ESG at Kotak
ESG at Kotak Environment Social Governance ➢ 21 LEED/IGBC-certified premises ➢ Aspiration to have women represent at least a ➢ ~18 years average tenure of leadership team with ➢ Use of renewable energy at key corporate offices third of workforce the Group and rooftop solar at select branches ➢ 10 IS
Slide 31: 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