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Kotak Bank Q2 profit falls 3% on higher provisioning
The Morning Standard
|October 26, 2025
PRIVATE sector lender Kotak Mahindra Bank on Saturday reported a 2.7% year-on-year fall in its standalone net profit at ₹3,253 crore in the September quarter due to a massive spike of 43.5% in provisions.
However, the bank's net interest income (NII) grew and also saw jump in net advances by 16%.
The bank said that its provisions for bad loans and fresh slippages soared 43.5% to ₹947 crore from a low ₹660 crore a year ago, while fresh slippages jumped to 1,629 crore from 1,812 crore but recoveries and upgrades were lower ₹688 crore. The key profitability metric net interest margin fell to 4.54% from 4.65%, the bank said on Saturday in its exchange filing.
Similarly, it said the cost of funds stood at 4.70% and did not offer the comparative number.
This story is from the October 26, 2025 edition of The Morning Standard.
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