Kotak Mahindra Bank

Kotak Mahindra Bank reported a solid Q4 FY26 with consolidated PAT of INR 5,238 crore (up 6% QoQ), driven by strong NIM of 4.67%Current 4.67%. Reported change: +13bps QoQ. and sharp improvement in credit cost to 39 bpsCurrent 39 bps. Reported change: -24bps QoQ. (from 63 bps in Q3). Advances grew 16% YoYCurrent reported value: 16% YoY. No comparable prior figure is available in the source record. led by SME and mortgages, while deposits grew 15% with CASA at 43.3%Current 43.3%. Reported change: Flat YoY.. The bank highlighted normalization of unsecured stress and a watchful stance on geopolitical risks (West Asia crisis) and a below-normal monsoon. Management guided for gradual NIM compression in FY27, offset by improving fee income and cost efficiencies. Key risk: potential second-order effects from geopolitical tensions and El Niño on rural and low-income segments.