{
  "id": 12304469,
  "title": "Kotak Mahindra Bank shares jump 4% as Q2 net advances rise 25% YoY, deposits up 23%",
  "url": "https://urgent.news/2026/10/06/kotak-mahindra-bank-shares-jump-4-as-q2-net-advances-rise-25-yoy",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-06T03:49:47.000Z",
  "source": {
    "name": "The Economic Times - Top News",
    "slug": "the-economic-times-top-news",
    "url": "https://economictimes.indiatimes.com/markets/stocks/news/kotak-mahindra-bank-shares-in-focus-as-q2-net-advances-rise-25-yoy-deposits-up-23/articleshow/134722284.cms"
  },
  "original_language": "en",
  "account": "Kotak Mahindra Bank shares surged 4% to their highest level of Rs 431 on the NSE on Tuesday following the private lender's release of its provisional update for Q2 FY27. The update revealed a substantial 25% year-on-year increase in net advances to Rs 5.77 lakh crore. The company's total deposits also rose by over 23% year-over-year to Rs 6.51 lakh crore, with sequential growth of around 14% from the previous quarter. Deposits included FCNR(B) deposits worth $5.78 billion (around Rs 55,344 crore) and advances against these deposits by the bank's international branches, totaling $1.68 billion (approximately Rs 16,110 crore). The share price gain followed the appointment of Anup Kumar Saha as Managing Director and CEO for a three-year term, effective January 1, 2027, replacing Ashok Vaswani, who declined to seek reappointment.",
  "summary": "Kotak Mahindra Bank's net advances increased 25% year-on-year to Rs 5.77 lakh crore in Q2 FY27. Total deposits rose more than 23% year-on-year to Rs 6.51 lakh crore during the same period. CASA deposits reached Rs 2.49 lakh crore, reflecting an 11% growth compared to last year. Anup Kumar Saha has been appointed as the new CEO, effective January 1, 2027.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Hindu BusinessLine",
        "title": "Kotak Mahindra Bank jumps 3.7% after strong Q2 loan, deposit data",
        "url": "https://urgent.news/2026/10/06/kotak-mahindra-bank-jumps-3-7-after-strong-q2-loan-deposit-data",
        "published": "2026-10-06T05:30:18.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}