Kotak Bank share price today

Kotak Mahindra Bank Ltd's share price was ₹459.40 at the close on 4 November 2026. It has been rising for 6 weeks. That is 12.8% above its average price over the last 200 trading days. In the last 52 weeks it traded between ₹358 and ₹462, and at that close it sat 98% of the way up from that low.

A share price tends to move through four phases: moving sideways (stage 1), rising (stage 2), stalling near a high (stage 3) and falling (stage 4). Today Kotak Mahindra Bank Ltd is in stage 2. The phase helps read everything below.

Over the past 13 weeks it has done better than the NIFTY 500, and it has stayed ahead for 11 weeks in a row.

Over the last 11 years the share price moved +257% while the NIFTY 500 moved +251%, so it is ahead of the index over that whole period. The chart above shows the 13-week comparison for every week.

This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row.

Three changes stood out: foreign funds (FIIs) cut their stake for 6 quarters in a row, indian funds and insurers (DIIs) raised their stake for 13 quarters in a row and revenue up on a year earlier for 12 quarters in a row (every quarter we can compare).

1. Foreign funds (FIIs) cut their stake for 6 quarters in a row

   From 32.7% to 24.7% of the company by the September 2026 quarter.

2. Indian funds and insurers (DIIs) raised their stake for 13 quarters in a row

   From 19.6% to 38.5% of the company by the September 2026 quarter.

3. Revenue up on a year earlier for 12 quarters in a row (every quarter we can compare)

   In the September 2026 quarter revenue was ₹19,856 crore, +15.4% on a year earlier.

   Why: The bank made more from loans after paying depositors, and it earned more from fees and other income that is not interest.

   From the earnings call on 24 Oct 2026.

For July to September 2026 (the quarter ended 30 September 2026), Kotak Bank reported total income of ₹19,856 crore, up 15.4% from ₹17,199 crore a year earlier, and a profit of ₹5,645 crore, up 26.3% from ₹4,468 crore.

Kotak Bank results: July to September 2026 against a year earlier

The next results, for October to December 2026, are due by 14 February 2027: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter).

Kotak Bank's management discussed these results on a call held on 24 October 2026; what it said is further down this page.

From the company's reported quarterly results (quarter ended 30 September 2026). Income and profit in ₹ crore.

Kotak Bank closed at ₹459.40 on 4 November 2026, up 10.0% from ₹417.66 a year earlier (7 November 2025) and up 11.7% over five years. Its highest weekly close since March 2016 was ₹461.60 on 30 October 2026.

Kotak Bank share price: then and now

Weekly closing prices, adjusted for splits and bonuses so every price is on today’s share count. Each change is the move from that price to the 4 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes.

562 weekly closes from 11 March 2016 to 4 November 2026.

4 Nov 2026: Kotak Bank closed at ₹459.40, down 0.5% on the week and up 9.8% on the month. 24 Oct 2026: Kotak Bank held its results call for July to September 2026. Management guided: Advances growth aimed at 1.5-2x nominal GDP.

Earlier

• Results for July to September 2026: Total income up 15.4% and profit up 26.3% on a year earlier.
• 17 Jul 2026: ex-date for a dividend of ₹0.65 a share.
• 14 Jan 2026: Share split: face value cut from ₹5 to ₹1 a share (ex-date).

Kotak Bank paid ₹0.65 a share in regular dividends in the 12 months to 5 November 2026 (1 payment), a yield of 0.14% at the ₹459.40 close on 4 November 2026. The last was a dividend of ₹0.65 a share, ex-date 17 July 2026.

Kotak Bank dividends since 1 April 2021

Amounts as the company declared them on the NSE. A dividend goes to whoever owns the shares before the ex-date.

Yes. Kotak Mahindra Bank Ltd paid out 3% of its profit as dividends in FY26, and it paid a dividend in 12 of its last 13 reported years.

From the NSE corporate-actions record, read 5 November 2026.

On the call for July to September 2026, held on 24 October 2026, Kotak Bank's management guided: Advances growth aimed at 1.5-2x nominal GDP.

“I I don't like unsecured to be your acquisition tool. That's that's never works.”Anup, on the call for July to September 2026

What management guided

• Remaining FCNR(B) liquidity to fund customer-asset growth over the next few quarters.
• Q3 NIM to reflect the full-quarter FCNR(B) effect, offset progressively by customer-asset deployment and repo transmission.
• Technology spending expected to remain around 13% of total opex.
• One-time ECL transition impact below 2% of net worth.

Management’s own plans and goals, from our notes of the call. A plan is not a result.

Source: the call transcript.

From the call for July to September 2026, 24 October 2026.

One change in Kotak Bank's own numbers looks lasting: more business from existing customers. Also showing up, but too early to call lasting: costs spread over more sales and market share gains.

We check 16 kinds of change in every company, such as costs spread over more sales, higher-value products, new orders, new regions or falling debt, against its reported numbers and what management said on its calls. Only changes the numbers back are shown.

Checked against results and calls up to April to June 2026, 10 October 2026. The July to September 2026 results are out since, so this part may be out of date until we update it.

Commercial vehicle and tractor slippages keep rising so that credit cost goes back above 60 basis points.

Each change stops working if

• Credit cost normalisation: Commercial vehicle and tractor slippages keep rising so that credit cost goes back above 60 basis points.
• Loan growth above the system, organic plus Deutsche Bank: Customer-asset growth drops below 14% on a year earlier or the Deutsche Bank deal fails to close by Sept 2027.
• Cost-to-assets coming down: Cost to assets rises back above 2.75% as integration and card acquisition spending land.
• Subsidiary earnings (broking, AMC, insurance, lending): Capital-market volumes fall for two quarters and subsidiary profit drops below 20% of the consolidated total.

The main risks

• Net interest margin drifting lower, no guidance: Margin fell 36 basis points in FY26 to 4.6% and management guides a further, slower decline in FY27 while refusing to give a number. ✓ fact
• Vehicle and tractor stress plus expected-credit-loss accounting: Credit cost rose to 46 basis points in April to June 2026 on commercial vehicle and tractor loans; ECL adds 12-15 basis points once implemented. ✓ fact
• Guidance credibility: Margin, card, microfinance and construction-equipment guidance missed across the last four calls; credit-cost guidance mostly held. ⚠ estimate
• Surplus capital keeps ROE low: Equity is 18.1% of assets and ROE 11%; the Deutsche Bank deal (281 Cr) uses little of the surplus. ⚠ estimate

Our read after the latest results, written 10 October 2026.

When Kotak Bank reports October to December 2026, these are the 6 checks that show whether the story is still on course. First: Bank fee income grows at least 10% year on year in July to September 2026 without help from named mark-to-market or exit gains.

Kotak Bank is on 6 of our India lists: Multibagger study list, Momentum stocks, Breakout stocks, Nifty 50 companies, 52 week high & low and Bank stocks.

Kotak Mahindra Bank Ltd earned ₹5,645 Cr of net profit in the Sep 2026 quarter, +26.3% on the same quarter a year earlier. That is the 4th quarter in a row of profit growth. Full-year FY26 profit was ₹19,288 Cr. Over 10 years profit has grown 18.5% a year on average. That is 28.4% of the quarter's revenue.

Net profit is what is left after every cost, interest and tax. Earnings per share, dividends and book value all grow from it.

The same quarter a year earlier earned ₹4,468 Cr.

For the full year, FY26 profit was ₹19,288 Cr (−12.8% on the year before).

Why profit moved: revenue changed +15.4% on a year earlier and the margin moved +2.4 percentage points. Most of the change came from keeping more of each sale.

On average over the last four quarters, profit changed +15.9% and revenue +8.3%. Profit is growing faster than sales: fixed costs are spread over more sales, so each extra rupee of revenue adds more to profit.

FY27-Q1. revenue ₹18,355 Cr and profit ₹5,480 Cr as reported.

FY27-Q2. revenue ₹19,856 Cr and profit ₹5,645 Cr as reported.

Why-sources: our stock research file (10 October 2026) and the company’s own results for those quarters.

Kotak Mahindra Bank Ltd reported ₹19,856 Cr of income in the Sep 2026 quarter, +15.4% on the same quarter a year earlier. That is the 12th quarter in a row with growth on the year before. Over 10 years it has grown 13.1% a year on average. The last full year, FY26, came in at ₹69,781 Cr.

For a bank, revenue is everything it earns: interest on its loans plus fees and other income.

Why this happened. Loans are growing within the stated band of 1.5-2x nominal GDP. SME (24% of advances) and mid-corporate lead. The Deutsche Bank purchase at 281 Cr brings 150,000 affluent and SME customers, 29,000 Cr of advances and 16,000 Cr of deposits; management expects it to lift ROE but gives no number.

The last four reported quarters add to ₹73,545 Cr.

FY26 revenue was ₹69,781 Cr, +6.3% on the year before.

Recent pace: the last four quarters grew +8.3% on average, against 13.1% a year over the longer run, so this year is growing slower than its own long-run rate.

Is growth speeding up? Revenue over the last 12 months grew +8.4%, against +9.0% a year over the last 8 quarters (stabilising); profit over the last 12 months grew +15.6%, against −1.4% a year (accelerating).

FY27-Q1. revenue ₹18,355 Cr and profit ₹5,480 Cr as reported.

FY27-Q2. revenue ₹19,856 Cr and profit ₹5,645 Cr as reported.

Why-sources: our stock research file (10 October 2026) and the company’s own results for those quarters.

Kotak Mahindra Bank Ltd's net margin was 28.4% in the Sep 2026 quarter, 2.4 percentage points higher than the same quarter a year ago. Across 13 years it has been between 17.3% and 35.8%. The latest quarter is within that range.

Net margin is what the bank keeps from every ₹100 of revenue after every cost, provision for bad loans and tax. It is the clearest single margin we can read for a lender.

Why this happened. Automation lets the balance sheet grow without matching headcount, so operating profit grew 10% against 9% net interest income growth. The goal band is 2.5-2.6%, so roughly 6-16 bps of further improvement is on offer, worth a few percent of profit if reached.

Why: the net margin move is clear, but the cost details behind it are not in our data, so we show the move without guessing the reason.

FY27-Q1. revenue ₹18,355 Cr and profit ₹5,480 Cr as reported.

FY27-Q2. revenue ₹19,856 Cr and profit ₹5,645 Cr as reported.

Why-sources: our stock research file (10 October 2026) and the company’s own results for those quarters.

Kotak Mahindra Bank Ltd's gross NPA, the share of loans that have stopped being repaid, is 1.45% in Mar 2025, up from 1.38% a year ago. After the money already set aside for bad loans, 0.36% is left (net NPA). Across the 6 quarters on file it has been between 1.38% and 1.68%.

Gross NPA is the share of the loan book where repayments have stopped. Net NPA is what is left after the money the lender has already set aside for those loans. Falling is good; rising is a warning.

Why this happened. Bad-debt cost was the main reason profit recovered. It fell each quarter through FY26 as microfinance, card and personal-loan collections improved, and slippages dropped from 1,605 Cr in Q3 to 1,018 Cr in Q4 FY26. Q1 FY27 ticked up to 46 bps on commercial vehicle and tractor stress. Most of this lever is already in the numbers: the remaining benefit is small, and expected-credit-loss accounting will add 12-15 bps once it starts.

Falling bad loans mean the loan book is healing; rising ones mean new damage.

The bad-loan figures stop at Mar 2025, and our data does not yet carry gross and net NPA for the quarters after it, although results up to Sep 2026 are in. They are shown as filed, not estimated.

In short: a lender's profit growth is only as good as its loans, and this loan book is not yet clearly improving. Quarterly detail on money set aside for bad loans is not in our data yet, so this shows the levels and the trend, not the cost of the clean-up.

Why bad loans moved: recoveries, write-offs and new bad loans all play a part. That split is not in our data, so the page shows the trend without the breakdown.

Kotak Mahindra Bank Ltd's revenue was ₹69,781 Cr in FY26, +6.3% on the year before, so the loan book is growing. The latest quarter was +15.4% on a year earlier. The net margin on that income is 28.4%, +2.4 percentage points on a year ago.

We read the loan book through revenue: when the book grows, revenue grows with it. It is only a rough guide, because interest-rate changes and fee swings can move it a few points in any year.

Interest income stands in for the size of the loan book; changes in interest rates can move it a few points in any year.

In short: a lender grows well when its loan book grows, its margin stays steady and its loans stay clean. Gross NPA is the loan-quality figure this page uses.

Kotak Mahindra Bank Ltd's P/BV is 2.4×, near the low end of its own history: it has been lower only 5% of the time. Its usual P/BV (the middle reading) is 4.0×, over 11 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth.

For a bank or lender we compare the price with book value, the net worth on its balance sheet. P/BV is how many rupees the market pays for each ₹1 of that net worth. Below 1× means the market values it at less than its net worth.

Why the multiple is low: this lender earns about 11% a year on its equity. A lender that earns less on its net worth is valued lower for each rupee of it, and that gap usually closes only if returns improve.