Press Release

July 18, 2026 BSE Limited National Stock Exchange of India Limited Corporate Relationship Department Exchange Plaza, Plot No. C/1, G Block, Phiroze Jeejeebhoy Towers, Bandra-Kurla Complex, Dalal Street, Bandra (East), Mumbai 400 001 Mumbai 400 051 BSE Scrip 500247, 974396, 974682, NSE Symbol: KOTAKBANK, KMB29, Code: 974924, 975387 KMB30 Dear Sirs, Sub: Media Release on the Consolidated and Standalone Unaudited Financial Results of the Bank for the quarter ended June 30, 2026 Further to our intimation today regarding the Consolidated and Standalone Unaudited Financial Results of Kotak Mahindra Bank Limited (“Bank”) for the quarter ended June 30, 2026 (“Financial Results”) and pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“Listing Regulations”), we enclose herewith a copy of the Media Release in connection with the aforesaid Financial Results. The above information is also being hosted on the Bank's website https://www.kotak.bank.in/en/investor- relations/governance/sebi-listing-disclosures.html in terms of the Listing Regulations. This is for your information and appropriate dissemination. Thanking you, Yours faithfully, For Kotak Mahindra Bank Limited Avan Doomasia Company Secretary Encl.: as above Kotak Mahindra Bank Ltd. CIN: L65110MH1985PLC038137 Registered Office: 27 BKC, C 27, G Block, Bandra Kurla Complex, T +91 22 61660001 Bandra (E), Mumbai 400051, www.kotak.bank.in Maharashtra, India. This is a Confidential document. Media Release Kotak Mahindra Bank Announces Results Kotak Mahindra Bank Standalone PAT for Q1FY27 at ₹ 4,123 crore, up 26% YoY Consolidated PAT for Q1FY27 at ₹ 5,480 crore, up 23% YoY Mumbai, 18th July, 2026: The Board of Directors of Kotak Mahindra Bank (“the Bank”) approved the unaudited standalone and consolidated results for the quarter ended June 30, 2026, at the Board meeting held in Mumbai, today. Kotak Mahindra Bank standalone results The Bank’s PAT for Q1FY27 increased to ₹ 4,123 crore, up 26% YoY from ₹ 3,282 crore in Q1FY26 (up 2% QoQ from ₹ 4,027 crore in Q4FY26). Net Interest Income (NII) for Q1FY27 increased to ₹ 7,928 crore, up 9% YoY from ₹ 7,259 crore in Q1FY26 (up 1% QoQ from ₹ 7,876 crore in Q4FY26). Net Interest Margin (NIM) was 4.53% for Q1FY27 (4.65% for Q1FY26 and 4.67% for Q4FY26). Cost of funds was 4.46% for Q1FY27 (5.01% for Q1FY26 and 4.45% for Q4FY26). Fees and services for Q1FY27 increased to ₹ 2,500 crore, up 11% YoY from ₹ 2,249 crore in Q1FY26 (₹ 2,767 crore in Q4FY26). Operating expenses for Q1FY27 stood at ₹ 5,135 crore, up 8% YoY from ₹ 4,775 crore in Q1FY26 (flat QoQ from ₹ 5,137 crore in Q4FY26). Cost to assets improved to 2.66% for Q1FY27 (2.83% for Q1FY26 and 2.73% for Q4FY26). Operating profit for Q1FY27 increased to ₹ 6,131 crore, up 10% YoY from ₹ 5,564 crore in Q1FY26 (up 5% QoQ from ₹ 5,855 crore in Q4FY26). Provisions for Q1FY27 decreased to ₹ 668 crore, down 45% YoY from ₹ 1,208 crore in Q1FY26 (₹ 516 crore in Q4FY26). Credit cost (annualised) for Q1FY27 stood at 0.46% (0.93% for Q1FY26 and 0.39% for Q4FY26). Net Advances increased 15% YoY to ₹ 512,249 crore as at June 30, 2026 from ₹ 444,823 crore as at June 30, 2025. Customer Assets which comprise Advances (incl. IBPC & BRDS) and Credit Substitutes grew to ₹ 570,901 crore as at June 30, 2026, up 16% YoY from ₹ 492,972 crore as at June 30, 2025. Total period-end Deposits grew to ₹ 572,820 crore for Q1FY27, up 12% YoY from ₹ 512,838 crore for Q1FY26. Average Total Deposits grew to ₹ 558,891 crore for Q1FY27, up 14% YoY from ₹ 491,998 crore for Q1FY26. Average Current Deposits grew to ₹ 78,107 crore for Q1FY27, up 15% YoY from ₹ 67,808 crore for Q1FY26. Average Fixed rate Savings Deposits grew to ₹ 125,061 crore for Q1FY27, up 16% YoY from ₹ 107,450 crore for Q1FY26. Average Term Deposits grew to ₹ 341,992 crore for Q1FY27, up 14% YoY from ₹ 300,003 crore for Q1FY26. CASA ratio as at June 30, 2026 stood at 40.3% (40.9% as at June 30, 2025). This is an Internal document. Credit to Deposit ratio as at June 30, 2026 stood at 89.4% (86.7% as at June 30, 2025). Customers as on June 30, 2026 were 5.0 crore. Slippages for Q1FY27 decreased to ₹ 1,321 crore, down 27% YoY from ₹ 1,812 crore in Q1FY26. As at June 30, 2026, GNPA was 1.18% & NNPA was 0.27% (GNPA was 1.48% & NNPA was 0.34% as at June 30, 2025). As at June 30, 2026, Provision Coverage Ratio stood at 78% (77% as at June 30, 2025). Standalone Return on Assets (ROA) for Q1FY27 (annualised) was 2.14%. Return on Equity (ROE) for Q1FY27 (annualised) was 11.98%. Capital Adequacy Ratio of the Bank, as per Basel III, as at June 30, 2026 was 22.8% and CET1 ratio of 22.4%. Consolidated results at a glance Consolidated PAT for Q1FY27 stood at ₹ 5,480 crore, up 23% YoY from ₹ 4,472 crore in Q1FY26 (up 1% QoQ from ₹ 5,423 crore in Q4FY26). Consolidated PAT increased by 5% QoQ excluding gains on Infina divestment. PAT of Bank and key subsidiaries given below: PAT (₹ crore) Q1FY27 Q1FY26 Q4FY26 Kotak Mahindra Bank 4,123 3,282 4,027 Kotak Securities 533 465 400 Kotak Asset Management & 399 326 184 Trustee Company Kotak Mahindra Prime 354 272 240 Kotak Mahindra Life Insurance 336 327 90 Kotak Alternate Asset 126 59 54 Managers Kotak Mahindra Investments 113 107 115 Kotak Mahindra Capital 89 89 1031 1. Q4FY26 Kotak Mahindra Capital PAT does not include gains of ₹ 1,094 crore on divestment of stake in its associate, Infina. Consolidated Customer Assets which comprise Advances (incl. IBPC & BRDS) and Credit Substitutes grew to ₹ 645,812 crore as at June 30, 2026, up 16% YoY from ₹ 557,369 crore as at June 30, 2025. Consolidated Customer Assets Under Management as at June 30, 2026 grew to ₹ 805,531 crore, up 8% YoY from ₹ 747,404 crore as at June 30, 2025. The total Domestic MF AUM increased by 10% YoY to ₹ 603,718 crore as at June 30, 2026. Consolidated Networth as at June 30, 2026 was ₹ 188,214 crore. The Book Value per Share increased to ₹ 189 as at June 30, 2026, up 14% YoY from ₹ 166 as at June 30, 2025 (computed based on subdivision of 1 equity share of face value of ₹ 5 each into 5 equity shares of ₹ 1 each with effect from 14th January, 2026). At the consolidated level, Return on Assets (ROA) for Q1FY27 (annualized) was 2.18%. Return on Equity (ROE) for Q1FY27 (annualized) was 11.90%. Consolidated Capital Adequacy Ratio as per Basel III as at June 30, 2026 was 22.9% and CET I ratio was 22.6%. Consolidated Average Liqudity Coverage Ratio stood at 138% for Q1FY27. This is an Internal document. The financial statements of Indian subsidiaries (excluding insurance companies) and associates are prepared as per Indian Accounting Standards in accordance with the Companies (Indian Accounting Standards) Rules, 2015. The financial statements of subsidiaries located outside India are prepared in accordance with accounting principles generally accepted in their respective countries. However, for the purpose of preparation of the consolidated financial results, the results of subsidiaries and associates are in accordance with Generally Accepted Accounting Principles in India (‘GAAP’) specified under Section 133 and relevant provision of Companies Act, 2013. About Kotak Mahindra Group Established in 1985, Kotak Mahindra Group is one of India's leading financial services conglomerates. In February 2003, Kotak Mahindra Finance Ltd. (KMFL), the Group's flagship company, received banking license from the Reserve Bank of India (RBI), becoming the first non-banking finance company in India to convert into a bank - Kotak Mahindra Bank Ltd (KMBL). Kotak Mahindra Group (Group) offers a wide range of financial services that encompass every sphere of life. From commercial banking, to stock broking, mutual funds, life and general insurance and investment banking, the Group caters to the diverse financial needs of individuals and the corporate sector. The premise of Kotak Mahindra Group’s business model is concentrated India, diversified financial services. The bold vision that underscores the Group’s growth is an inclusive one, with a host of products and services designed to address the needs of the unbanked and insufficiently banked. Kotak Mahindra Group has a global presence through its subsidiaries in UK, USA, Gulf Region, Singapore and Mauritius with offices in London, New York, Dubai, Abu Dhabi, Singapore and Mauritius respectively. As on 30th June, 2026, Kotak Mahindra Bank Ltd has a national footprint of 2,301 branches and 2,734 ATMs (incl. cash recyclers), and branches in GIFT City and DIFC (Dubai). For more information, please visit the Company’s website at https://www.kotak.com For further information, please contact AR Hemant Rohit Panchal Suvidha Awle Kotak Mahindra Bank Kotak Mahindra Bank Weber Shandwick Mobile: 9742977977 Mobile: 9664225963 Mobile:9769777935 arcot.hemant@kotak.com Rohit.panchal2@kotak.com Sawle@webershandwick.com This is an Internal document. This media release is for information purposes only and does not constitute an offer, solicitation or advertisement with respect to the purchase or sale of any security of Kotak Mahindra Bank Limited (the “Bank”) and no part of it shall form the basis of or be relied upon in connection with any contract or commitment whatsoever. No offering of securities of the Bank will be made except by means of a statutory offering document containing detailed information about the Bank. This media release is not a complete description of the Bank. Certain statements in the media release contain wordor phrases that are forward looking statements. All forward-looking statements are subject to risks, uncertainties and assumptions that could cause actual results to differ materially from those contemplated by the relevant forward looking statement. Any opinion, estimate or projection herein constitutes a judgment as of the date of this media release, and there can be no assurance that future results or events will be consistent with any such opinion, estimate or projection. The information in this media release is subject to change without notice, its accuracy is not guaranteed, it may be incomplete or condensed and it may not contain all material information concerning the Bank. We do not have any obligation to, and do not intend to, update or otherwise revise any statements reflecting circumstances arising after the date of this media release or to reflect the occurrence of underlying events, even if the underlying assumptions do not come to fruition. All information contained in this media release has been prepared solely by the Bank. No information contained herein has been independently verified by anyone else. No representation or warranty (express or implied) of any nature is made nor is any responsibility or liability of any kind accepted with respect to the truthfulness, completeness or accuracy of any information, projection, representation or warranty (expressed or implied) or omissions in this media release. Neither the Bank nor anyone else accepts any liability whatsoever for any loss, howsoever, arising from any use or reliance on this media release or its contents or otherwise arising in connection therewith. This media release may not be used, reproduced, copied, distributed, shared, or disseminated in any other manner. The distribution of this document in certain jurisdictions may be restricted by law and persons into whose possession this media release comes should inform themselves about, and observe, any such restrictions. Figures for the previous period/ year have been regrouped wherever necessary to conform to current period’s / year’s media release. Totals in some columns/ rows may not agree due to rounding off. This is an Internal document.