MUMBAI: Private sector lender Kotak Mahindra Bank on Saturday reported a 2.7 per cent year-on-year (YoY) decline in its net profit at Rs 3,253 crore for the July-September quarter (Q2 FY26).

The bank had posted a net profit of Rs 3,344 crore in the same period last year.

Despite the marginal dip in profit, the bank’s net interest income (NII) rose 4 per cent (on-year) to Rs 7,311 crore from Rs 7,020 crore in Q2 FY25, while the net interest margin (NIM) stood at a healthy 4.54 per cent.

The lender’s advances book expanded 16 per cent on-year to Rs 4,62,688 crore (as of September 30), from Rs 3,99,522 crore a year earlier, reflecting robust credit demand.

On the liabilities side, average total deposits grew 14 per cent (on-year) to Rs 5,10,538 crore, compared with Rs 4,46,110 crore in Q

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