Kotak Mahindra Bank Ltd

Kotak Mahindra Bank has executed a business transfer agreement with Deutsche Bank Aktiengesellschaft (acting through its branch in India) (DBAG) (BTA) on 30 June 2026 for the acquisition of DBAG's retail banking, private banking and wealth management business in India (Business Undertaking) as a going concern on a slump sale basis, subject to requisite approvals and the fulfilment of conditions specified in the BTA. Kotak Mahindra Asset Management Company (Kotak AMC) and Kotak Alternate Asset Managers (KAAML) (both being wholly owned subsidiaries of Kotak Bank) have entered into non-binding term sheets with Deutsche Investments India (DIIPL) (which is a subsidiary of DBAG) for referral of clients for Portfolio Management Services and Investment Advisory, respectively. This remains subject to the definitive agreements to be entered into in this regard by DIIPL with Kotak AMC and KAAML, respectively. Kotak Bank will make relevant disclosure(s) upon signing of such definitive agreements.

The key equity barometers traded with major losses in afternoon trade as investor sentiment remained cautious following the escalation of tensions between Iran and the US over the weekend. The sell-off was further aggravated by a moderate rise in crude oil prices, which raised concerns over inflationary pressures and their potential impact on the global economy. Going ahead, investors will closely monitor movements in crude oil and gold prices, as well as the progress of the monsoon, for further cues on market direction. Nifty slipped below 24,000 level Auto, PSU bank and media shares declined while pharma and metal stocks advanced. At 13:25 IST, the barometer index, the S&P BSE Sensex declined 384.31 points or 0.50% to 76,714.38. The Nifty 50 index fell 102.40 points or 0.43% to 23,952.85. In the broader market, the BSE 150 MidCap Index tumbled 0.50% and the BSE 250 SmallCap Index lost 0.66%. The market breadth was negative. On the BSE, 1,587 shares rose and 2,614 shares fell. A total of 249 shares were unchanged. In the commodities market, Brent crude for August 2026 settlement gained 13 cents or 0.18% to $72.12 a barrel. Gainers & Losers: Max Healthcare Institute (up 2.41%), Dr Reddy's Laboratories (up 2.35%), Cipla (up 2.06%), Trent (up 1.63%) and Hindalco Industries (up 1.51%) were the major Nifty50 gainers. Kotak Mahindra Bank (down 2.64%), Mahindra & Mahindra (M&M) (down 2.54%), Indigo (down 2.28%), Maruti Suzuki India (down 2.20%) and Eicher Motors (down 2.12%) were the major Nifty50 losers. Economy: India's forex reserves increased by $963 million to $672.587 billion during the week ended June 19, the RBI said on Friday. Foreign currency assets decreased by $3.072 billion to $541.217 billion, according to the RBI. However, the value of gold reserves increased by $4.110 billion to $107.930 billion during the week. The Special Drawing Rights (SDRs) were down $52 million to $18.647 billion, the apex bank said. India's reserve position with the IMF slipped $22 million to $4.793 billion in the reporting week, according to the apex bank's data. Stocks in Spotlight: Kotak Mahindra Bank declined 2.64% after the bank announced that its managing director and chief executive officer (CEO), Ashok Vaswani will not seek re-appointment upon the completion of his current term on 31st December 2026. Omaxe zoomed 18.21% after announcing its entry into the hospitality segment with plans to develop 19 hotels across five states over the next 4'5 years. The company said it will invest approximately Rs 6,200 crore in phases to build around 5 million sq ft of hospitality assets across 13 cities, including key locations in Uttar Pradesh, Delhi, Haryana, Madhya Pradesh, and Punjab. DCX Systems jumped 2.27% after the company announced that it has secured purchase orders worth Rs 435.85 crore in the normal course of business. The company received orders worth Rs 431.83 crore, comprising an export order of Rs 409.40 crore for the supply of electronic kits and domestic and export orders worth Rs 22.43 crore for the manufacture and supply of cable and wire harness assemblies. Separately, its wholly owned subsidiary, Raneal Advanced Systems, received domestic and export orders worth Rs 4.02 crore for the manufacture and supply of printed circuit board assemblies. Bajaj Healthcare soared 13.13% after the company said that Subject Expert Committee (SEC) of Central Drugs Standard Control Organisation (CDSCO) has recommended for grant of approval for manufacturing and marketing of Cenobamate Tablets. Persistent Systems tumbled 10.36%. The company's proposed acquisition of German digital engineering firm Nagarro SE. Persistent has signed an agreement to combine with Munich-headquartered Nagarro and has acquired an approximately 21% stake in the company Persistent said the all-cash offer values Nagarro at EUR 81 per share, representing a premium of about 140% to Nagarro's undisturbed closing price on 25 June 2026 and about 94% to its three-month volume-weighted average price.. On an illustrative pro-forma trailing 12-month basis, the combined business would generate revenue of $2.795 billion, EBITDA of $463 million, EBIT of $337 million and profit after tax of $215 million. Transrail Lighting rose 0.06%. The company announced that it has has secured new international orders worth approximately Rs 459 crore primarily in the Transmission & Distribution (T&D) business. Vikran Engineering jumped 6.89% after the company accepted a turnkey EPC work order worth Rs 3,517.98 crore from NOPL Solar Projects for the development of a 969 MW AC solar power project across multiple locations in Maharashtra. The scope of work includes design, engineering, procurement, supply of solar PV modules and inverters, erection, testing and commissioning of the project. Global Markets: European market declined as easing US-Iran tensions failed to lift sentiment. Market participants remained cautious amid uncertainty over the durability of the ceasefire, keeping concerns over potential disruptions to Middle East oil supplies in focus. Asian markets traded mixed on Monday as tensions between Iran and the U.S. escalated once again following renewed attacks in the Middle East, which threaten to prolong the war. The U.S. attacked Iranian military targets over the weekend in retaliation to Tehran carrying out strikes along the Strait of Hormuz. President Donald Trump then threatened to annihilate Iran, saying in a Truth Social post: 'United States aircraft just struck Iranian missile and drone storage locations, and coastal radar sites, for violating the Cease Fire Agreement, AGAIN!' Last week, the Nasdaq Composite posted its fifth consecutive losing session Friday as investors rotated out of key technology stocks and into more defensive areas of the market. The tech-heavy index dropped 0.24% to close at 25,297.62, while the S&P 500 ticked down 0.05% to 7,354.02. The Dow Jones Industrial Average shed 44.51 points, or 0.09%, to end at 51,876.11. The S&P 500 slid nearly 2% on the week, while the Nasdaq fell 4.6% in the period. The Dow outperformed, rising 0.6% week to date. Chip stocks were weaker after a media report stated that OpenAI is considering delaying its IPO to next year because of SpaceX's poor performance following its debut and overall volatility in AI-related shares. The report raised concerns about sustainability of their infrastructure spending given the delay in funding from the capital markets,' a global research house reportedly said.Powered by Capital Market - Live

The bank said Vaswani informed the board of his decision for personal reasons. At its meeting held on 27 June 2026, the board accepted his decision and has initiated the process for the appointment of a new managing director (MD) & CEO. The process will be completed within applicable regulatory timelines. Kotak Mahindra Bank is the flagship company of the Kotak Group and has diversified operations covering commercial vehicle financing, consumer loans, corporate finance, and asset reconstruction. Through its subsidiaries, the bank is engaged in investment banking, equity broking, securities-based lending, and car finance. The bank reported a 13.37% jump in standalone net profit to Rs 4,026.55 crore on 3.46% increase in total income to Rs 17,291.10 crore in Q4 FY26 over Q4 FY25.Powered by Capital Market - Live

Kotak Mahindra Bank Ltd rose for a fifth straight session today. The stock is quoting at Rs 404.35, up 0.26% on the day as on 12:44 IST on the NSE. The benchmark NIFTY is up around 1.23% on the day, quoting at 23912.85. The Sensex is at 76447.04, up 1.22%. Kotak Mahindra Bank Ltd has added around 3.2% in last one month. Meanwhile, Nifty Bank index of which Kotak Mahindra Bank Ltd is a constituent, has added around 7.1% in last one month and is currently quoting at 56814.8, up 0.92% on the day. The volume in the stock stood at 62.95 lakh shares today, compared to the daily average of 157.53 lakh shares in last one month. The benchmark June futures contract for the stock is quoting at Rs 404.6, up 0.06% on the day. Kotak Mahindra Bank Ltd is down 5.48% in last one year as compared to a 4.14% fall in NIFTY and a 2.49% fall in the Nifty Bank index.The PE of the stock is 28.65 based on TTM earnings ending March 26.Powered by Capital Market - Live

Kotak Mahindra Bank Ltd is up for a third straight session in a row. The stock is quoting at Rs 398, up 2.55% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.25% on the day, quoting at 23273.3. The Sensex is at 74251.88, up 0.36%. Kotak Mahindra Bank Ltd has added around 5.85% in last one month. Meanwhile, Nifty Bank index of which Kotak Mahindra Bank Ltd is a constituent, has added around 3.63% in last one month and is currently quoting at 55100.3, up 0.72% on the day. The volume in the stock stood at 83.89 lakh shares today, compared to the daily average of 154.95 lakh shares in last one month. The benchmark June futures contract for the stock is quoting at Rs 400, up 2.81% on the day. Kotak Mahindra Bank Ltd is down 6.43% in last one year as compared to a 6.49% fall in NIFTY and a 1.04% fall in the Nifty Bank index.The PE of the stock is 27.56 based on TTM earnings ending March 26.Powered by Capital Market - Live

Kotak Mahindra Bank Ltd is up for a third straight session today. The stock is quoting at Rs 390.75, up 1.97% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.4% on the day, quoting at 23783.6. The Sensex is at 75701.49, up 0.4%. Kotak Mahindra Bank Ltd has gained around 3.06% in last one month. Meanwhile, Nifty Bank index of which Kotak Mahindra Bank Ltd is a constituent, has gained around 3.38% in last one month and is currently quoting at 54128.95, up 0.12% on the day. The volume in the stock stood at 109.48 lakh shares today, compared to the daily average of 200.31 lakh shares in last one month. The benchmark May futures contract for the stock is quoting at Rs 390.8, up 1.88% on the day. Kotak Mahindra Bank Ltd is down 7.33% in last one year as compared to a 4.94% slide in NIFTY and a 2.1% slide in the Nifty Bank index.The PE of the stock is 27.21 based on TTM earnings ending March 26.Powered by Capital Market - Live

Kotak Mahindra Bank announced that the Board of Directors of the Company at its meeting held on 02 May 2026, has recommended a Final Dividend of Rs.0.65 per share (i.e.65%), subject to the approval of the shareholders.

Net profit of Kotak Mahindra Bank rose 9.94% to Rs 5423.15 crore in the quarter ended March 2026 as against Rs 4932.76 crore during the previous quarter ended March 2025. Total Operating Income rose 6.29% to Rs 17827.36 crore in the quarter ended March 2026 as against Rs 16771.93 crore during the previous quarter ended March 2025. For the full year,net profit declined 12.83% to Rs 19287.89 crore in the year ended March 2026 as against Rs 22125.99 crore during the previous year ended March 2025. Total Operating Income rose 6.26% to Rs 69781.21 crore in the year ended March 2026 as against Rs 65668.83 crore during the previous year ended March 2025. ParticularsQuarter EndedYear EndedMar. 2026Mar. 2025% Var.Mar. 2026Mar. 2025% Var. Total Operating Income17827.3616771.93 6 69781.2165668.83 6 OPM %23.4018.52 -25.0224.44 - PBDT7075.426351.10 11 25624.9325185.63 2 PBT7075.426351.10 11 25624.9325185.63 2 NP5423.154932.76 10 19287.8922125.99 -13 Powered by Capital Market - Live

Profit before provisions and contingencies rose 7% YoY to Rs 5,855.17 core in the quarter ended 31st March 2026. Provisions for Q4 FY26 decreased to Rs 516 crore, down 43% YoY from Rs 909 crore in Q4 FY25 Net interest income (NII) increased to Rs 7,876 crore in Q4FY26, up 8% YoY from Rs 7,284 crore in Q4 FY25. Net interest margin (NIM) contracted to 4.67% in Q4 FY26 as against 4.97% in Q4 FY25. Total period-end deposits grew to Rs 5,72,456 crore for Q4 FY26, up 15% from Rs 4,99,055 crore for Q4 FY25. Net Advances increased 16% to Rs 4,96,009 crore as at 31st March 2026 from Rs 4,26,909 crore as at 31st March 2025. CASA ratio stood at 43.3% as at 31st March 2026, compared with 43.0% as at March 31, 2025. Asset quality continued to improve, with gross non-performing assets (GNPA) declining to 1.20% as on 31st March 2026, from 1.42% as on 31st March 2025 and net non-performing assets (NNPA) was 0.25% as on 31st March 2026 compared with 0.31% as of 31st March 2025. As at 31st March 2026, Provision Coverage Ratio stood at 79%. The bank's capital adequacy ratio under Basel III norms stood at 22.40% as of 31st March 2026, while the CET1 ratio was 21.3%. On full year basis, the company's standalone net profit climbed 14.85% to Rs 14,007.70 crore on 4.43% rise in total income to Rs 67,187.26 crore in FY26 over FY25. Meanwhile, the bank's board recommended a dividend of Rs 0.65 per equity share of the face value of Re 1 each, out of the net profits for the financial year ended March 31, 2026. Kotak Mahindra Bank is the flagship company of the Kotak Group and has diversified operations covering commercial vehicle financing, consumer loans, corporate finance, and asset reconstruction. Through its subsidiaries, the bank is engaged in investment banking, equity broking, securities-based lending, and car finance. The scrip rose 0.28% to settle at Rs 382.65 on the BSE.Powered by Capital Market - Live

Kotak Mahindra Bank will hold a meeting of the Board of Directors of the Company on 2 May 2026.