Kotak Mahindra Bank Limited · NSE:KOTAKBANK
Kotak Mahindra Bank — Q2 FY27 Earnings Presentation
31 slides from Kotak Mahindra Bank's earnings presentation, Oct 24, 2026
Slide 1: Transforming for scale
Transforming for scale Investor Presentation Q2FY27 Presentation on financial results for the Period ended 30th September, 2026 24th October, 2026
Slide 2: Building on the Power of a Diversified and Integrated Financial Services Conglomerate
Building on the Power of a Diversified and Integrated Financial Services Conglomerate Our four engines serve customer needs across the financial spectrum Retains profitability within the group by capturing shifting financial trends through cycles All subsidiaries are 100% beneficially owned by Bank
Slide 3: Consolidated Highlights
Consolidated Highlights Q2FY27 PAT ₹ 5,645 cr 26% ROA 2.10% ROE 11.70% Q2FY26 ₹ 4,468 cr 1.97% 10.65% As at Customer AUM Customer Assets* CAR# CET-I# Book Value / Share^ Sep’26 ₹ 814,118 cr 8% ₹ 699,250 cr 21% 22.4% 22.1% ₹ 196 16% Sep’25 ₹ 756,964 cr ₹ 576,339 cr 22.8% 21.8% ₹ 169 *Customer Assets
Slide 4: Kotak Group PAT – Q2FY27
Kotak Group PAT – Q2FY27 ₹ cr Q2FY27 Q2FY26 Q1FY27 YoY QoQ PAT Contribution Kotak Mahindra Bank 4,212 3,253 4,123 29% 2% (Bank & Subsidiaries) Kotak Mahindra Prime 251 246 354 2% (29%) Kotak Mahindra Investments 135 120 113 12% 19% Q2FY27 Kotak Infrastructure Debt Fund 15 16 14 (6%) 6% BSS Sonata Mi
Slide 5: Kotak Group PAT – H1FY27
Kotak Group PAT – H1FY27 ₹ cr H1FY27 H1FY26 YoY FY26 PAT Contribution Kotak Mahindra Bank 8,335 6,535 28% 14,008 (Bank & Subsidiaries) Kotak Mahindra Prime 605 518 17% 1,008 Kotak Mahindra Investments 248 227 9% 428 H1FY27 Kotak Infrastructure Debt Fund 29 30 (4%) 60 BSS Sonata Microcredit* 63 (38)
Slide 6: Kotak Group Networth & ROE
Kotak Group Networth & ROE ₹ cr PAT Q2FY27 Networth Sep’26 ROE CET I Networth Contribution Networth Contribution (Bank & Subsidiaries) Kotak Mahindra Bank 4,212 145,984 21.4% Kotak Mahindra Prime 251 11,745 22.8% Kotak Mahindra Investments 135 4,483 51.0% Kotak Infrastructure Debt Fund 15 662 40.2%
Slide 7: Kotak Group - Customer Assets Under Management
Kotak Group - Customer Assets Under Management Total: ₹ 814,118 cr 8% Total: ₹ 756,964 cr Domestic MF Equity Domestic MF Debt 362,694 Domestic MF Equity Domestic MF Debt 196,886 412,008 203,671 30th Sep, 30th Sep, 2026 2025 NPS & PMS NPS & PMS 16,947 13,203 Offshore Funds Offshore Funds 39,763 47,96
Slide 8: Bank Highlights
Bank Highlights Q2FY27 PAT ₹ 4,212 cr 29% 4.31% NIM ROA 1.92% Cost / Income 45.2% Credit Cost* 0.35% Q2FY26 46.8% ₹ 3,253 cr 4.54% 1.88% 0.79% As at Customer Assets# Deposits CAR^ CET-I ^ Sep’26 ₹ 626,801 cr 23% ₹ 651,491 cr 23% Net NPA 0.24% CASA Ratio 38.2% 21.9% 21.4% Sep’25 ₹ 509,399 cr ₹ 528,77
Slide 9: Profit and Loss Statement – Q2FY27
Profit and Loss Statement – Q2FY27 ₹ cr Q2FY27 Q2FY26 Q1FY27 YoY QoQ Fees & Services Net Interest Income 8,459 7,311 7,928 16% 7% ₹ cr Q2FY27 Q2FY26 Q1FY27 Other Income 3,194 2,589 3,338 23% (4%) Distribution 475 462 351 Fee and Services 2,926 2,415 2,500 21% 17% General Banking Fees 2,275 1,840 2,0
Slide 10: Profit and Loss Statement – H1FY27
Profit and Loss Statement – H1FY27 ₹ cr H1FY27 H1FY26 YoY FY26 Fees & Services Net Interest Income 16,387 14,570 12% 30,010 ₹ cr H1FY27 H1FY26 FY26 Other Income 6,532 5,669 15% 11,623 Distribution 826 806 1,979 Fee and Services 5,426 4,664 16% 9,981 Trading and MTM income* (96) 67 - 117 General Bank
Slide 11: Balance Sheet
Balance Sheet ₹ cr 30-Sep-26 30-Sep-25 30-Jun-26 ₹ cr 30-Sep-26 30-Sep-25 30-Jun-26 Capital & Reserves and Surplus 145,984 125,157 140,924 Cash, Bank and Call 80,910 49,792 44,620 Deposits 651,491 528,776 572,820 Investments 202,035 172,994 191,852 of which, CASA 249,105 223,791 231,017 Net Advances
Slide 12: Deposits Franchise
Deposits Franchise CASA EOP (₹ cr) Averages Q2FY27 YoY % Q2FY26 CASA % 38.2% 42.3% 40.3% Total Deposits 606,234 19% 510,138 97,960 89,887 88,288 Current Account 82,026 17% 70,220 136,643 129,067 Fixed rate Savings 120,520 129,731 14% 113,894 Account 14,502 13,384 13,662 Floating rate 14,711 4% 14,13
Slide 13: Customer Assets
Customer Assets ₹ cr 30-Sep-26 30-Sep-25 30-Jun-26 YoY QoQ Advance Mix – 30th September, 2026 Retail Banking 228,029 187,064 202,842 22% 12% Home Loans & LAP 157,217 138,176 150,903 14% 4% Retail PL, BL and Consumer 26,548 24,272 25,589 9% 4% 12% Durables Credit Cards 13,264 12,444 12,788 7% 4% 39%
Slide 14: Asset Quality
Asset Quality ₹ cr Q2FY27 Q2FY26 Q1FY27 ₹ cr 30-Sep-26 30-Sep-25 30-Jun-26 Opening GNPA 6,122 6,638 6,018 GNPA (%) 1.04% 1.39% 1.18% Fresh Slippages 1,230 1,629 1,321 NNPA (%) 0.24% 0.32% 0.27% Upgradations & Recoveries 642 688 565 PCR (%) 78% 77% 78% Write-offs 629 1,099 652 GNPA 6,081 6,480 6,122
Slide 15: Bank’s Financial Health Indicators
Bank’s Financial Health Indicators Particulars Q2FY27 Q2FY26 Q1FY27 NIM 4.31% 4.54% 4.53% Cost of Funds 4.52% 4.70% 4.46% Profitability Return on Equity 11.65% 10.38% 11.98% Return on Assets 1.92% 1.88% 2.14% Cost to Income 45.2% 46.8% 45.6% Efficiency Cost to Assets 2.40% 2.67% 2.66% CD Ratio 88.6%
Slide 16: Key Subsidiaries
Key Subsidiaries 16
Slide 17: Kotak Mahindra Prime
Kotak Mahindra Prime Customer Assets^ (₹ cr) ₹ cr Q2FY27 Q2FY26 Q1FY27 FY26 47,458 45,960 NII 621 575 615 2,348 42,274 10,146 YoY: 12% 9,633 Other Income 125 148 257 569 QoQ: 3% 7,859 -Of which MTM on OIS (50) (2) 67 (63) NII and Other Income 746 723 872 2,917 37,312 34,415 36,327 Profit Before Tax
Slide 18: Kotak Securities
Kotak Securities KS Cash ADV (₹ cr) ₹ cr Q2FY27 Q2FY26 Q1FY27 FY26 YoY: 15% Total Income 1,591 1,299 1,809 5,705 QoQ: (20%) -Of which Investment Income (37) (0.1) 173 237 9,213 Profit After Tax 348 345 533 1,642 7,405 6,429 7,118 Cash Market Share* (%) 9.4 9.6 10.4 9.9 Q2FY27 Q2FY26 Q1FY27 FY26 Deri
Slide 19: Kotak Mahindra AMC & Trustee Co.
Kotak Mahindra AMC & Trustee Co. #5th Largest Fund House in the Country Average Assets Under Management (₹ cr) - Overall ₹ cr Q2FY27 Q2FY26 Q1FY27 FY26 YoY: 12% QoQ: 4% Profit After Tax 287 258 399 1,082 - Of which Investment 29 29 152 167 635,421 609,499 Income* 567,001 570,041 *Net of taxes Key Hi
Slide 20: Kotak Mahindra Life Insurance
Kotak Mahindra Life Insurance Gross Written Premium (₹ cr) ₹ cr Q2FY27 Q2FY26 Q1FY27 FY26 5,343 4,430 3,674 21,441 YoY: 21% Capital & Reserves and 6,999 6,486 6,801 6,738 2,514 1,501 Surplus 2,253 10,904 Total Premium 5,343 4,430 3,674 21,441 1,725 1,137 1,499 5,967 PAT(Shareholders’) 198 49 336 628
Slide 21: The Strategic Pillars
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Slide 22: Kotak Mahindra Bank - Strategic Pillars
Kotak Mahindra Bank - Strategic Pillars Pillar 1 Pillar 2 Pillar 3 Focus Customer Independent Product businesses Technology, Digital & AI Segment Propositions within the Bank Identified four focus customer segments: Built over time with dedicated distribution Operating backbone of the franchise: mod
Slide 23: Pillar 1: Focus Customer Segments (Individual Customers)
Pillar 1 : 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 through fully digital, en
Slide 24: Pillar 1: Focus Customer Segments (Non-Individual Customers)
Pillar 1 : 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 advis
Slide 25: Pillar 2: Independent Product Businesses within the Bank
Pillar 2 : 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 re
Slide 26: Pillar 3: Technology, Digital & AI
Pillar 3 : Technology, Digital & AI Operating backbone of Franchise Resilient and Scalable Digital Leveraging Data and Analytics Leveraging AI Infrastructure • Risk Intelligence leverages 15+ ML models and • Customers: Voice automation, onboarding Underlying architecture of Core Banking assistance,
Slide 27: Geographical Presence
Geographical Presence Group Branches distributed across various geographies Bank Branch Classification Bank Branch Distribution (No. | %) (No. | % ) Network in India Branches Metro 1,081 | 46% North 738 | 32% Urban 496 | 22% East 198 | 8% Kotak Bank 2,327 Semi Urban 330 | 14% West 714 | 31% Rural 42
Slide 28: Annexure
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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 ➢ Addressing emissions through renewable energy ➢ Gender diversity# improved to 27.9% as of Q2, ➢ ISO/IEC 27001 certified Information security use at key corporate offices and energy-efficient advancing towards the target of 30% by FY 2028-29 management sys
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