Kotak Mahindra Bank April-June Net Advances Rise 14% On year; Deposits Up 15%

Kotak Mahindra Bank's net advances rose 14% on year to ₹4.45 trillion as of Jun. 30, while total deposits climbed nearly 15% to ₹5.13 trillion, the bank said Monday. 

Sequentially, advances were up over 4%, while deposits rose nearly 3%. CASA deposits grew 8% on year to ₹2.10 trillion but slipped 2.2% on quarter.