Kotak Mahindra Bank Q2 update: Avg deposits up 14% YoY, avg net advances rise 15%

Kotak Mahindra Bank announced strong provisional financial results for the second quarter ending September 30. The bank reported a 14.4% year-on-year growth in average total deposits, reaching Rs 5,10,138 crore, and a 14.6% increase in average net advances. Period-end net advances rose 15.8%, while CASA balances grew 11.2%. Following the announcement, the bank’s shares closed 1.8% higher.

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