Kotak Mahindra Bank earnings calls.

Kotak Mahindra Bank delivered a strong Q1 FY27 with consolidated PAT of ₹5,480 crore (+23% YoY)Current reported value: ₹5,480 crore (+23% YoY). No comparable prior figure is available in the source record., driven by robust performance across subsidiaries (33% contribution) and the standalone bank's ₹4,123 crore PAT (+26% YoY)Current reported value: ₹4,123 crore PAT (+26% YoY). No comparable prior figure is available in the source record.. The bank achieved stable NIMs at 4.53% through disciplined deposit cost management (cost of funds +1bp QoQ) while growing customer assets 16% YoY. Operating efficiency improved with cost-to-assets declining to 2.66%Current reported value: 2.66%. No comparable prior figure is available in the source record. from 2.83% a year ago. Credit costs normalized to 46bps, down significantly from 93bps in Q1 FY26. The pending Deutsche Bank acquisition (₹281 crore, closing Sep'27) adds 150,000 affluent customers with ₹29,000 crore advances and ₹10,500 crore wealth AUM. ROE expanded to 11.98%Current reported value: 11.98%. No comparable prior figure is available in the source record. with adjusted ROE of 12.8% excluding MTM gains. Risk: Management's focus on 'responsible growth' rather than maximizing asset growth may cap advances expansion below system, particularly in unsecured segments where profitability targets constrain velocity.