MUMBAI: Kotak Mahindra Financial institution reported an 11% drop in consolidated internet revenue for Q2FY26 following greater provisions, at the same time as credit score and deposit development continued. The financial institution's CEO, Ashok Vaswani, was non-committal on media studies that Kotak Financial institution was exhibiting curiosity in buying IDBI Financial institution and had performed due diligence. “We can't and shouldn't be commenting on any gadgets that might or couldn't be in course of.” Vaswani stated it was the financial institution's objective to scale, and it could have a look at each natural and inorganic choices. “We consider all alternatives based mostly on strategic match and the influence on administration bandwidth, as we're additionally rising the enterprise organically. If the online final result is optimistic, we assess valuations and financials. If each strategic and valuation standards are met, we proceed,” he stated. Consolidated revenue after tax fell to Rs 4,468 crore from Rs 5,044 crore in Q2FY25. Consolidated property underneath administration rose 12% to Rs 760,598 crore, and buyer property elevated 13% to Rs 576,339 crore. E book worth per share rose 14% to Rs 844. The standalone financial institution reported a 3% decline in internet revenue to Rs 3,253 crore from Rs 3,344 crore a 12 months earlier. “Credit score prices have come down from 93 foundation factors to 79 foundation factors consistent with our expectations... ,” stated Vaswani.
