Responding to queries at the earnings press conference, Ashok Vaswani, MD and CEO, said the bank would only pursue deals if they met three filters — strategic fit, financial feasibility and manageable execution without straining management bandwidth — and would apply the same criteria to evaluate Deutsche Bank’s assets.At IDBI, Vaswani said Kotak looked at the bank from every position from a valuation perspective.
“It was obviously of very high value. Naturally, it had some sort of scope, but it wasn’t necessary for us to do that. It was obviously difficult to accept,” he said.The government is reviewing how it should proceed with a fresh bid to sell its stake in IDBI Bank, along with LIC.Kotak Mahindra Bank reported a standalone net profit of Rs 4,026.6 crore for the quarter ended March 31, 2026, up 13.4% year-on-year from Rs 3,551.7 crore, supported by strong loan growth, and lower provisions.
