Kotak Mahindra Bank logo

Kotak Mahindra Bank share price

NSE: KOTAKBANKBSE: 500247BanksLarge Cap

Kotak Mahindra Bank Limited · Formerly Kotak Mahindra Finance · Face value ₹1 · Listed Apr 1992 on BSE, Dec 1995 on NSE
Last close ₹459.00up ₹19.00 (4.32%)BSE ₹457.00

Share price at the NSE close on 29 Oct 2026. Previous close ₹440.00.

29 Oct: open ₹441.80, high ₹460.20, low ₹439.25

52-week range of traded prices to 29 Oct 2026
₹345.50Low, 2 Apr 2026₹460.20High, 29 Oct 2026
Market cap
₹4,56,608 Cr16th largest listed
P/E
21.26
P/B
2.35
Dividend yield
0.14%
ROE
11.8%
NIM
4.68%
Gross NPA
1.04%
Net NPA
0.24%
CET1
21.45%
ROA
2.05%
Volume, NSE
4,65,01,33572.1% delivered

Kotak Mahindra Bank share price chart

Daily closes since Jan 2007, adjusted for splits and bonuses

+6.7%over a year · Nifty Private Bank −5.0% · Nifty 500 −8.4%

ResultsDividendSplit, bonus, rights or demerger20-session average 2,82,84,829 shares a day, 67.6% delivered

About Kotak Mahindra Bank

Kotak Mahindra Bank Limited is an Indian bank at the head of a financial services group with businesses in banking and lending, capital markets, asset management and life insurance.12 It serves wealthy families, digitally active customers it calls Core India, small and medium enterprises (SMEs), and companies and institutions, mainly in India.34 All of its subsidiaries are wholly owned by the bank.5

After March 2026 the bank reorganised its banking into retail, institutional and independent product businesses.6 Retail banking offers savings and current accounts, deposits, mortgages, gold loans, personal and business loans, credit cards and microcredit; institutional banking offers companies and institutions working capital, project and trade finance, foreign exchange, custody and treasury services.6 The independent product businesses finance tractors, commercial vehicles and construction equipment.7 Its subsidiaries include Kotak Mahindra Prime (car and two-wheeler loans), Kotak Securities (stock broking), Kotak Mahindra Capital Company (investment banking), Kotak Mahindra Asset Management (mutual funds), Kotak Alternate Asset Managers (alternative assets) and Kotak Mahindra Life Insurance.82

For international business it has an international banking unit in GIFT City, Gujarat, a branch in the Dubai International Financial Centre, and offices in New York, London, Mauritius, Dubai, Singapore and Abu Dhabi.9

It was incorporated in 1985 and its registered office is in Mumbai.10 Uday Kotak, its founder and a non-executive director, and his promoter group held 25.87% of its share capital at 31 March 2026.1112

Kotak Mahindra Bank key points

Results

  • Consolidated profit after tax was ₹5,480 crore in the quarter to Jun 2026, up 23% from a year earlier. Standalone, the bank's profit after tax was ₹4,123 crore, up 26%.1314
  • Consolidated profit after tax was ₹19,287.89 crore in the year to Mar 2026, including a one-time gain of ₹185.16 crore, against ₹22,125.99 crore a year earlier, which included one of ₹3,013.46 crore.15
  • On a standalone basis, the bank's profit after tax was ₹14,007.70 crore in the year to Mar 2026, against ₹16,450.08 crore a year earlier, which included a one-time gain of ₹2,729.95 crore from a stake sale.16
  • The bank's net interest margin (interest earned less interest paid, as a share of earning assets) was 4.53% in the quarter to Jun 2026, against 4.65% a year earlier.17

Market position

  • By balance sheet size, Kotak Mahindra Bank was India's 4th largest private sector bank at 30 June 2026.18
  • The company says it is India's second-largest tractor financier. In the quarter to Jun 2026 its tractor finance business had a market share of 9.7%, and its commercial vehicle and construction equipment business 4.5% and 6.6% respectively.1920
  • Kotak Mahindra Asset Management was India's 5th largest asset manager in the year to Mar 2026, with a 7.17% market share and average assets under management (the money it manages for investors) of ₹5.70 lakh crore, up 21.59%.21

Focus customer segments

  • Kotak811, its fully digital account for Core India customers, held 12.7% of the bank's savings account balances at the end of June 2026, against 12.2% in March 2026; those balances grew 32% from a year earlier.223
  • Loans to small and medium enterprises (SME) were ₹1.3 lakh crore at the end of June 2026, up 20% from a year earlier and 24% of the bank's advances.23
  • Corporate banking fee income grew 27% from a year earlier in the quarter to Jun 2026 and was 20% of the bank's fee income; corporate banking's loan book grew 15.5%.24

Loan book and deposits

  • The bank's customer assets (loans plus credit substitutes such as bonds) were ₹570,901 crore at the end of June 2026, up 16% in a year, and deposits ₹572,820 crore, up 12%; current and savings accounts (CASA) were 40.3% of deposits, against 40.9%.25
  • The bank's loans by business (₹ crore)2627
    ItemJun 2026Jun 2025
    Net advances512,249444,823
    Retail banking202,842180,621
    Independent product businesses64,87360,847
  • Gross non-performing assets (loans whose repayments have stopped) were 1.18% of loans at the end of June 2026, against 1.48% a year earlier; net of provisions, 0.27% against 0.34%.28
  • At the end of June 2026 the bank's capital adequacy ratio (capital as a share of risk-weighted assets) was 22.8%.29

Branches and reach

  • At the end of June 2026 the bank had 50 million customers, 2,301 branches and 2,734 ATMs. The group's network in India, counting the broking arm's franchises and referral co-ordinators, was 5,916.3031

Subsidiaries

  • Profit after tax and growth from a year earlier323334
    Itemquarter to Jun 2026
    Kotak Securities (broking)₹533 crore, up 14%
    Kotak AMC and trustee company₹399 crore, up 23%
    Kotak Mahindra Prime (vehicle loans)₹354 crore, up 30%
    Kotak Mahindra Life Insurance (shareholders' profit)₹336 crore, up 3%
    Subsidiaries' profit after tax grew 20% from a year earlier and was 33% of consolidated profit after tax.

What the company expects

  • The company stated in its annual report for the year to Mar 2026 that its approach is to grow advances at 1.5 to 2 times nominal GDP growth (growth before adjusting for inflation).7
  • On its earnings call of 18 Jul 2026, the company said moving to expected credit loss provisioning (providing for expected, not only incurred, losses) would have a one-time cost under 2% of net worth, then raise credit cost by about 12 to 15 basis points.35

Recent events

  • On 25 Sep 2026 subsidiary boards approved merging Kotak Mahindra Investments into Kotak Alternate Asset Managers, subject to approvals including RBI's. Kotak Mahindra Investments stopped sanctioning new loans from 1 Apr 2026 and moved its loan portfolio to the bank on 1 Jul 2026.3637
  • On 30 Jun 2026 the bank agreed to buy Deutsche Bank's India retail, private banking and wealth management business for about ₹281.7 crore plus its net funding position at closing. That business has about ₹29,000 crore of loans, ₹16,000 crore of deposits and 150,000 customers.3839
  • Completion of the Deutsche Bank deal is subject to approvals including the Competition Commission of India's; on 30 Jun 2026 the bank said it expected completion by September 2027.40
  • On 24 Mar 2026 its investment banking subsidiary, Kotak Mahindra Capital Company, sold 30.99% of Infina Finance out of a 49.99% stake, and Infina ceased to be an associate company of the bank.41

Last updated

All 41 sources, each with its page
  1. 1. Annual report, 16 Sep 2026, page 5
  2. 2. Annual report, 16 Sep 2026, page 304
  3. 3. Annual report, 16 Sep 2026, page 14
  4. 4. Annual report, 16 Sep 2026, page 151
  5. 5. Annual report, 16 Sep 2026, page 274
  6. 6. Annual report, 16 Sep 2026, page 223
  7. 7. Annual report, 16 Sep 2026, page 10
  8. 8. Investor presentation, 17 Aug 2026, page 7
  9. 9. Annual report, 16 Sep 2026, page 6
  10. 10. Annual report, 16 Sep 2026, page 445
  11. 11. Annual report, 16 Sep 2026, page 196
  12. 12. Investor presentation, 17 Aug 2026, page 9
  13. 13. Earnings call, 18 Jul 2026, page 3
  14. 14. Investor presentation, 17 Aug 2026, page 18
  15. 15. Annual report, 16 Sep 2026, page 223
  16. 16. Annual report, 16 Sep 2026, page 223
  17. 17. Investor presentation, 17 Aug 2026, page 18
  18. 18. Investor presentation, 17 Aug 2026, page 8
  19. 19. Investor presentation, 17 Aug 2026, page 13
  20. 20. Earnings call, 18 Jul 2026, page 6
  21. 21. Annual report, 16 Sep 2026, page 298
  22. 22. Investor presentation, 17 Aug 2026, page 11
  23. 23. Investor presentation, 17 Aug 2026, page 12
  24. 24. Earnings call, 18 Jul 2026, page 7
  25. 25. Investor presentation, 17 Aug 2026, page 18
  26. 26. Investor presentation, 17 Aug 2026, page 20
  27. 27. Investor presentation, 17 Aug 2026, page 23
  28. 28. Investor presentation, 17 Aug 2026, page 24
  29. 29. Earnings call, 18 Jul 2026, page 5
  30. 30. Investor presentation, 17 Aug 2026, page 8
  31. 31. Investor presentation, 17 Aug 2026, page 25
  32. 32. Earnings call, 18 Jul 2026, page 8
  33. 33. Earnings call, 18 Jul 2026, page 9
  34. 34. Earnings call, 18 Jul 2026, page 4
  35. 35. Earnings call, 18 Jul 2026, page 15
  36. 36. Exchange filing, 25 Sep 2026, page 1
  37. 37. Exchange filing, 25 Sep 2026, page 2
  38. 38. Exchange filing, 30 Jun 2026, page 3
  39. 39. Exchange filing, 30 Jun 2026, page 5
  40. 40. Exchange filing, 30 Jun 2026, page 3
  41. 41. Annual report, 16 Sep 2026, page 278

Results

Consolidated; ₹ crore. Total income is interest earned plus other income, fees and treasury gains among it.Kotak Mahindra Bank quarterly results

Total income growth, 12 months
+12.4%
Net profit growth, 12 months
+15.6%

Quarter to Sep 2026, against the quarter before

Total income
₹29,427 Crdown 2.13%
Net profit
₹5,645 Crup 3.01%

Total income by quarter

₹23,946 CrDec 24₹27,174 CrMar 25₹26,704 CrJun 25₹24,901 CrSep 25₹27,851 CrDec 25₹28,108 CrMar 26₹30,069 CrJun 26₹29,427 CrSep 26
Peak total income ₹30,069 Cr, quarter to Jun 2026; lowest ₹23,946 Cr, quarter to Dec 2024

Net profit by quarter, a loss in red

₹4,701 CrDec 24₹4,933 CrMar 25₹4,472 CrJun 25₹4,468 CrSep 25₹4,924 CrDec 25₹5,423 CrMar 26₹5,480 CrJun 26₹5,645 CrSep 26
₹ croreDec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Total income23,94627,17426,70424,90127,85128,10830,06929,427
Net profit4,7014,9334,4724,4684,9245,4235,4805,645
Consolidated. The last eight quarters. The latest is shaded. Net profit is the whole group's, the other owners of its subsidiaries included; P/E and ROE use the company's own share.

Business segments

Share of revenue, year to Mar 2026, consolidated.Segment revenue and profit

  • Retail Banking₹34,434 Crup 1.79%29.7%
  • Corporate / Wholesale Banking₹26,159 Crup 5.54%22.6%
  • Insurance₹26,011 Crup 2.94%22.5%
  • Treasury, BMU and Corporate Centre₹13,391 Crup 4.29%11.6%
  • Broking₹4,716 Crup 7.95%4.1%
  • Vehicle Financing₹4,358 Crup 6.27%3.8%
  • Asset Management₹3,359 Crup 16.06%2.9%
  • Other Lending Activities₹2,266 Crup 1.72%2.0%
  • Advisory and Transactional Services₹1,110 Crdown 34.03%1.0%
The pill is the change in revenue on the year before; the share is of all the businesses together.

Valuation

Today, against the company's own history.Kotak Mahindra Bank PE ratio and valuation

Price to earnings

At or below today's level on 21% of 2,479 trading days over the last 10 years.

LowestHighest
Its median30.91Industry median11.58
Price to book

At or below today's level on 8% of 1,986 trading days since Oct 2018.

LowestHighest
Its median3.57Industry median1.19
Dividend yield

At or below today's level on 97% of 2,478 trading days over the last 10 years.

LowestHighest
Its median0.06%Industry median0.76%

Where the return came from

Yearly rates to Mar 2026, per-share figures restated for splits and bonuses.

OverReturn a yearEarnings growthChange in P/EDividend yield
1 year−18.4%−12.8%−6.6%0.2%
3 years+0.8%+9.0%−7.6%0.1%
5 years+0.3%+13.9%−12.1%0.1%
Return is price growth plus the average dividend yield. Change in P/E is (1 + price growth) / (1 + earnings growth) - 1, so the parts compound rather than add. Earnings growth over 1 year includes one-off items (exceptional items and the result of businesses sold or closed) of more than a tenth of the profit of the year to Mar 2025.

Shareholding

Per cent of the company's shares, from the filing for Sep 2026.Kotak Mahindra Bank shareholding pattern

Shareholding by group

  • Promoters25.87%
  • Foreign institutions24.65%
  • Indian institutions38.54%
  • Individuals and others10.94%
Holder
Uday Suresh KotakPromoter25.69%
Life Insurance Corporation of IndiaInsurance companies7.26%
National Pension System TrustProvident and pension funds2.34%
Government Pension Fund GlobalForeign portfolio investors, category I1.50%
SBI Life Insurance Company LimitedInsurance companies1.02%
Indira Suresh KotakPromoter0.10%
Holders are named in the company's own words: an insurer's holding can carry one of its funds' names. Mutual funds are left out here and listed fund by fund below.

Since Jun 2026: promoters unchanged, foreign institutions −0.56 pts, Indian institutions +0.83 pts, mutual funds +0.70 pts.

Mutual fund holdings

590 funds disclosed a holding for Sep 2026. What they did in Sep 2026, against each fund's month before. 231 of the 335 funds that added or cut are index funds, ETFs or arbitrage funds: an index fund or ETF holds what its index holds, and an arbitrage fund holds the share against a sale of its future. 4 more funds filed their first portfolio on record, holding it.All 590 funds holding Kotak Mahindra Bank

Bought for the first time
4
Bought again
12
Added
153
Cut
182
Held unchanged
235
Sold out
6
Fund
PPFAS Mutual Fund logoParag Parikh Flexi Cap FundPPFAS Mutual Fund15,46,14,5194.44%₹6,447.4 Cr
SBI Mutual Fund logoSBI Nifty 50 ETFSBI Mutual Fund14,28,22,1022.93%₹5,955.7 Cr
SBI Mutual Fund logoSBI BSE Sensex ETFSBI Mutual Fund9,89,11,2813.57%₹4,130.5 Cr
HDFC Mutual Fund logoHDFC Flexi Cap FundHDFC Mutual Fund8,85,56,7733.40%₹3,692.8 Cr
SBI Mutual Fund logoSBI Aggressive Hybrid FundSBI Mutual Fund7,00,00,0003.39%₹2,919.0 Cr
SBI Mutual Fund logoSBI Focused FundSBI Mutual Fund7,00,00,0005.82%₹2,919.0 Cr
SBI Mutual Fund logoSBI Large Cap FundSBI Mutual Fund5,78,00,0004.60%₹2,410.3 Cr
HDFC Mutual Fund logoHDFC Large Cap FundHDFC Mutual Fund5,43,61,0566.08%₹2,266.9 Cr
UTI Mutual Fund logoUTI Nifty 50 ETFUTI Mutual Fund4,89,80,3212.93%₹2,042.5 Cr
SBI Mutual Fund logoSBI ELSS Tax Saver FundSBI Mutual Fund4,86,86,6096.76%₹2,030.2 Cr
Portfolios disclosed for Sep 2026. Weight is the holding as a share of the fund's assets.

Promoter and insider buying and selling

Trades made since 30 Oct 2025.Kotak Mahindra Bank insider trading

No promoter, director, key manager or employee bought or sold on the market.

  • Promoters and promoter group: no market trade · 6 pledge filings of unclear kind
  • Others: no market trade · 31 pledge filings of unclear kind
Bought and sold count trades on the market only. A pledge is shares given to a lender as security for a loan; a lender invokes it by selling them.

Kotak Mahindra Bank competitors and peers

Private Sector Bank, 20 listed companies, priced on 29 Oct 2026. The table lists the 8 companies closest to Kotak Mahindra Bank in market cap.Finance companies

Where the company sits among the companies nearest its size

Return on equity across, P/E up, size is market cap
Company
HDFC Bank logoHDFC BankHDFCBANK10,53,55313.151.75+4.6%+10.7%14.0%–3.86%1.90%
ICICI Bank logoICICI BankICICIBANK9,95,40516.852.43+7.9%+10.8%15.5%2.09%4.20%0.87%
Axis Bank logoAxis BankAXISBANK3,81,42712.741.66+7.4%+15.2%14.0%1.47%3.58%0.08%
IDBI Bank logoIDBI BankIDBI86,03010.361.19+2.7%−10.6%11.8%2.10%3.54%0.00%
The Federal Bank logoThe Federal BankFEDERALBNK85,98716.571.96+10.6%+31.5%12.8%1.18%3.46%0.35%
IndusInd Bank logoIndusInd BankINDUSINDBK67,63022.541.00−2.3%–4.5%0.16%3.88%0.17%
IDFC First Bank logoIDFC First BankIDFCFIRSTB63,27421.051.28+13.4%+109.2%6.3%0.43%6.22%0.34%
RBL Bank logoRBL BankRBLBANK55,99946.471.29+9.0%+122.7%4.0%0.54%4.52%0.28%
Market cap in ₹ crore. Growth is the last twelve months against the twelve before. A figure is left empty where it would rest on a loss or the company has under a year of results on record. ROE is the shareholders' profit over their net worth. ROA is the year's profit over average total assets. NIM is net interest income over average loans and investments. Income growth is the growth of everything the company earns: interest, fees, premiums and the rest.

Dividends

Per share, by the year it was paid for, and the latest payments.Kotak Mahindra Bank dividend history

Dividend per share, ₹, restated for later splits and bonuses

0.1Mar 170.1Mar 180.2Mar 19Mar 200.2Mar 210.2Mar 220.3Mar 230.4Mar 240.5Mar 250.7Mar 26
Highest ₹0.65 a share, year to Mar 2026.
Ex-dateTypePer share
17 Jul 2026Final₹0.65
18 Jul 2025Final₹2.50
19 Jul 2024Final₹2.00
4 Aug 2023Final₹1.50
11 Aug 2022Final₹1.10
11 Aug 2021Final₹0.90
Latest payments, as declared, by ex-date.

Latest announcements

Routine notices left out.Kotak Mahindra Bank announcements

Kotak Mahindra Bank share price by year

Each calendar year to 2025.Kotak Mahindra Bank share price history

YearClose at year endChangeHighest closeLowest close
2025440.22+23.2%453.76347.68
2024357.21−6.4%386.94309.34
2023381.62+4.4%402.87329.65
2022365.45+1.7%393.18328.49
2021359.22−10.0%442.19328.33
2020399.12+18.5%403.59219.65
2019336.87+34.1%345.90240.55
2018251.30+24.4%281.69199.99
2017202.04+40.4%219.18139.12
2016143.940.0%164.42121.37
₹ per share, adjusted for splits and bonuses since. Change is on the close at the end of the year before.

Recent sessions

The 9 trading days to 28 Oct 2026, as traded on NSE; the latest is at the top of the page.

DateOpenHighLowCloseAverage priceVolumeDelivery
28 Oct 2026441.00444.30438.30440.00441.531,68,35,58472.8%
27 Oct 2026441.45444.80439.90442.50442.342,57,27,83363.3%
26 Oct 2026440.90446.30437.60440.75440.303,25,85,24656.0%
23 Oct 2026438.25439.40427.70430.50431.201,59,64,82768.3%
22 Oct 2026435.20442.50433.75437.00437.881,68,57,40259.8%
21 Oct 2026444.45446.85434.50437.80438.281,18,61,93667.1%
19 Oct 2026440.50447.15438.60442.30442.131,50,04,26058.9%
16 Oct 2026448.70453.10443.65447.40447.552,51,65,10770.5%
15 Oct 2026439.65447.95437.60447.95444.053,27,10,77174.5%
Prices in ₹ per share as traded, not adjusted.

Price adjustments

What the price chart is corrected for, so it reads as one share held throughout.Bonus shares and stock split history

Ex-dateEventPrice factorWhat happened
14 Jan 2026Split0.2000Each share became 5.
8 Jul 2015Bonus0.5000Holders received 1 bonus share for every 1 held.
13 Sep 2010Split0.5000Each share became 2.
24 Oct 2008Price move–Between two trading sessions the price moved by a fifth or more. The Nifty 500 moved 5% or more the same way over the same sessions. Not adjusted for.
Earlier prices are multiplied by the factor, so the chart reads as one share held throughout. Any other event is noted and not adjusted for.

Company details

Chairperson
C S Rajan
At the end of the quarter to Sep 2026
Managing director and CEO
Ashok Vaswani
At the end of the quarter to Sep 2026
NSE symbol
KOTAKBANK
BSE code
500247
ISIN
INE237A01036
Industry
Banks
Former symbols
KOTAKMAH
CIN
L65110MH1985PLC038137
Corporate identity number, the registrar of companies' code for it
Incorporated
1985
Registered office
27BKC, C 27, G Block, Bandra Kurla Complex, Bandra (E), Mumbai 400051, Maharashtra
Share registrar
KFin Technologies Ltd
Keeps the register of shareholders and handles transfers and dividend payments