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Transforming for scale Investor Presentation Q3FY26 Presentation on financial results for the Period ended 31st December, 2025 This is a Confidential document. 24th January, 2026
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Consolidated Highlights CAR and CET-I -as per Basel III, including unaudited profits | *Customer Assets comprise Advances (gross of IBPC & BRDS) and Credit Substitutes | $Book Value Per Share computed based on sub-division of 1 equity share of face value ₹ 5 each into 5 equity shares of ₹ 1 each w.e.f. 14th January, 2026 Q3FY25 Q3FY26 Dec’24 Dec’25 As at ₹ 176 Book Value / Share$ ₹ 598,780 cr Customer Assets* ₹ 519,126 cr ₹ 154 23.3% CAR 22.4% CET-I 23.4% 22.5% Customer AUM ₹ 787,950 cr ₹ 685,134 cr 2.10%ROA 2.30% 15%15% 15% This is a Confidential document. ₹ 4,924 crPAT ₹ 4,701 cr 5% 11.39%ROE 12.43% 2
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Kotak Group PAT – Q3FY26 &Formerly known as BSS Microfinance Limited #With effect from 11th October, 2025, Sonata Finance Private Limited merged with BSS Microfinance Limited. The appointed date of the merger is 1st April, 2025. ₹ cr Q3FY26 Q3FY25 Q2FY26 YoY QoQ Kotak MahindraBank 3,446 3,305 3,253 4% 6% Kotak MahindraPrime 250 218 246 15% 1% Kotak Mahindra Investments 87 107 120 (19%) (28%) Kotak Infrastructure Debt Fund 14 12 16 14% (12%) BSS Sonata Microcredit&# (26) (50) (22) - - Sonata Finance# - 19 - - - Bank & Other lending related entities 3,771 3,611 3,613 4% 4% Kotak Securities 431 448 345 (4%) 25% Kotak MahindraCapital 98 94 60 3% 64% Capital Market 529 542 405 (3%) 31% Kotak MahindraLife Insurance 162 164 49 (1%) - Insurance 162 164 49 (1%) - Kotak AMC and TC 315 240 258 31% 22% Kotak Alternate Asset Managers 75 10 104 - (28%) InternationalSubs 45 47 48 (1%) (5%) Asset Management 435 297 410 47% 6% Others 2 1 1 - - Bank & Subsidiaries 4,899 4,615 4,478 6% 9% Associates 20 61 22 (67%) (9%) Inter co. Adjustments 5 25 (32) - - Consolidated PAT 4,924 4,701 4,468 5% 10% 78% 12% 4% 6% 77% 11% 3% 9% Bank & Other Lending Related Entities Capital Market Insurance Asset Mgmt & Others PAT Contribution Q3FY26 Q3FY25 This is a Confidential document. 3 Q3FY26: Consolidated PAT includes estimated incremental cost of ₹ 98 cr (post-tax) pursuant to new Labour Code
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Kotak Group PAT – 9MFY26 9MFY26: Consolidated PAT includes estimated incremental cost of ₹ 98 cr (post-tax) pursuant to new Labour Code *On 18th June, 2024, ZKGI has ceased to be a wholly-owned subsidiary and became an associate of the Bank. Share of profits from 18th June, 2024 are included under Associates &Formerly known as BSS Microfinance Limited #With effect from 11th October, 2025, Sonata Finance Private Limited merged with BSS Microfinance Limited. The appointed date of the merger is 1st April, 2025. ₹ cr 9MFY26 9MFY25 YoY FY25 Kotak MahindraBank 9,981 10,168 (2%) 13,720 Kotak MahindraPrime 768 718 7% 1,015 Kotak Mahindra Investments 313 386 (19%) 501 Kotak Infrastructure Debt Fund 44 40 12% 53 BSS Sonata Microcredit&# (64) 17 - (74) Sonata Finance# - 16 - 13 Bank & Other lending related entities 11,042 11,345 (3%) 15,229 Kotak Securities 1,242 1,293 (4%) 1,640 Kotak MahindraCapital 246 265 (7%) 361 Capital Market 1,488 1,558 (4%) 2,001 Kotak MahindraLife Insurance 539 697 (23%) 769 Zurich Kotak General Insurance* - (21) - (21) Insurance 539 676 (20%) 749 Kotak AMC and TC 898 612 47% 977 Kotak Alternate Asset Managers 238 38 - 139 InternationalSubs 136 191 (29%) 255 Asset Management 1,272 841 51% 1,371 Others 4 4 - 8 Bank & Subsidiaries 14,345 14,424 (1%) 19,358 Associates 86 156 (45%) 180 Inter co. Adjustments (566) (400) - (426) Consolidated PAT 13,865 14,180 (2%) 19,113 PAT on KGI divestment - 3,013 - 3,013 Total PAT 13,865 17,193 - 22,126 79% 11% 5% 5% 77% 10% 4% 9% Bank & Other Lending Related Entities Capital Market Insurance Asset Mgmt & Others PAT Contribution 9MFY26 9MFY25^ ^Excluding gain on KGI divestment This is a Confidential document. 4
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Kotak Group Networth & ROE ₹ cr PAT Q3FY26 Networth Dec’25 ROE Kotak Mahindra Bank 3,446 130,963 Kotak Mahindra Prime 250 10,936 Kotak Mahindra Investments 87 4,149 Kotak Infrastructure Debt Fund 14 617 BSS Sonata Microcredit&# (26) 1,274 Bank & Other lending related entities 3,771 147,939 10.3% Kotak Securities 431 11,196 Kotak Mahindra Capital 98 1,834 Capital Market 529 13,030 16.4% Kotak Mahindra Life Insurance 162 6,648 Insurance 162 6,648 9.8% Kotak AMC and TC 315 4,508 Kotak Alternate Asset Managers 75 1,427 InternationalSubs 45 2,546 Asset Management 435 8,481 20.9% Others 2 111 7.5% Bank & Subsidiaries 4,899 176,209 Associates 20 1,853 Inter co. Adjustments 5 (2,811) Consolidated PAT 4,924 175,251 11.4% 84% 7% 4% 5% Bank & Other Lending Related Entities Capital Market Insurance Asset Mgmt & Others Networth Contribution As at 31st Dec 2025 CET-I 21.5% 23.2% 36.2% 44.5% Networth Contribution This is a Confidential document. 5 &Formerly known as BSS Microfinance Limited #With effect from 11th October, 2025, Sonata Finance Private Limited merged with BSS Microfinance Limited. The appointed date of the merger is 1st April, 2025.Q3FY26: Consolidated PAT includes estimated incremental cost of ₹ 98 cr (post-tax) pursuant to new Labour Code
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Domestic MF Debt 203,438 Domestic MF Equity 383,172 Offshore Funds^ 54,106 Insurance$ 95,640 Alternate Asset* 36,519 NPS & PMS 15,075 31st Dec, 2025 Domestic MF Debt 169,824 Domestic MF Equity 319,161 Offshore Funds 53,339 Insurance$ 83,346 Alternate Asset* 48,993 NPS & PMS 10,471 31st Dec, 2024 Total: ₹ 685,134 crTotal: ₹ 787,950 cr 15% *Include undrawn commitments, wherever applicable. | #Source: Bloomberg | $Policyholder’s AUM ^Includes ‘Kotak Funds – India Midcap Fund’, with an AUM of ~USD 3.5 bn, which continues to be one of the largest# India focused offshore funds (actively managed with daily liquidity) Kotak Group - Customer Assets Under Management This is a Confidential document. 6
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Bank Highlights CAR and CET-I -as per Basel III, including unaudited profits | *Customer Assets comprise Advances (gross of IBPC & BRDS) and Credit Substitutes Q3FY25 Q3FY26 Dec’24 Dec’25 As at ₹ 3,446 crPAT ₹ 3,305 cr ₹ 529,455 cr Customer Assets* ₹ 459,436 cr 0.31%Net NPA 0.41% 22.6% CAR 21.5% CET-I 22.8% 21.7% 1.89%ROA 2.10% 15% 4% 4.54%NIM 4.93% 41.3%CASA Ratio 42.3% 48.3%Cost / Income 47.2% This is a Confidential document. Deposits ₹ 542,638 cr ₹ 473,497 cr 15% 7 0.63%Credit Cost 0.68%
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Profit and Loss Statement – Q3FY26 ₹ cr Q3FY26 Q3FY25 Q2FY26 YoY QoQ Net Interest Income 7,565 7,196 7,311 5% 3% Other Income 2,838 2,623 2,589 8% 10% Fee and Services 2,549 2,362 2,415 8% 6% Trading and MTM income* (0) 31 (128) - - Others 289 230 302 26% (4%) Net Total Income 10,403 9,819 9,900 6% 5% Employee Cost 2,246 1,952 1,980 15% 13% Other OperatingExpenses 2,777 2,686 2,652 3% 5% Operating Expenditure 5,023 4,638 4,632 8% 8% Operating Profit 5,380 5,181 5,268 4% 2% Prov. on Adv/Receivables (net) 817 794 996 3% (18%) Prov. on AIF/other Investments (7) (0) (49) - - Provision & Contingencies 810 794 947 2% (15%) PBT 4,570 4,387 4,321 4% 6% Provision For Tax 1,124 1,082 1,068 4% 5% PAT 3,446 3,305 3,253 4% 6% ROE 10.68% 11.63% 10.38% Fees & Services ₹ cr Q3FY26 Q3FY25 Q2FY26 Distribution 479 374 462 General Banking Fees 1,917 1,910 1,840 Others 153 78 113 Total 2,549 2,362 2,415 Notes *On fixed income, net of OIS/FRA This is a Confidential document. 8 Q3FY26: Employee cost includes estimated incremental cost of ₹ 96 cr pursuant to new Labour Code
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Profit and Loss Statement – 9MFY26 ₹ cr 9MFY26 9MFY25 YoY FY25 Net Interest Income 22,135 21,058 5% 28,342 Other Income 8,507 8,236 3% 11,418 Fee and Services 7,213 6,915 4% 9,530 Trading and MTM income* 66 227 (71%) 253 Others 1,228 1,094 12% 1,635 Net Total Income 30,642 29,294 5% 39,760 Employee Cost 6,291 5,774 9% 7,881 Other OperatingExpenses 8,139 7,986 2% 10,873 Operating Expenditure 14,430 13,760 5% 18,754 Operating Profit 16,212 15,534 4% 21,006 Prov. on Adv/Receivables (net) 3,013 2,042 47% 2,848 Prov. on AIF / other Investments (48) (9) - 94 Provision & Contingencies 2,965 2,033 46% 2,942 PBT 13,247 13,501 (2%) 18,064 Provision For Tax 3,266 3,333 (2%) 4,344 PAT 9,981 10,168 (2%) 13,720 ROE 10.67% 12.60% - 12.57% PAT on KGI divestment - 2,730 - 2,730 Total PAT 9,981 12,898 - 16,450 Fees & Services ₹ cr 9MFY26 9MFY25 FY25 Distribution 1,285 1,069 1,782 General Banking Fees 5,565 5,499 7,284 Others 363 347 464 Total 7,213 6,915 9,530 *On fixed income, net of OIS/FRA This is a Confidential document. 9 Notes 9MFY26: Employee cost includes estimated incremental cost of ₹ 96 cr pursuant to new Labour Code
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Balance Sheet ₹ cr 31-Dec-25 31-Dec-24 30-Sep-25 Cash, Bank and Call 42,873 41,115 49,792 Investments 187,149 163,819 172,994 Net Advances 480,673 413,839 462,688 Fixed & Other Assets 19,791 18,230 21,493 Total Assets 730,486 637,003 706,967 CD Ratio 88.6% 87.4% 87.5% ₹ cr 31-Dec-25 31-Dec-24 30-Sep-25 Capital & Reserves and Surplus 130,963 114,870 125,157 Deposits 542,638 473,497 528,776 of which, CASA 224,199 200,412 223,791 Borrowings 26,830 23,417 23,911 Other Liabilities and Provisions 30,055 25,219 29,123 Total Liabilities 730,486 637,003 706,967 CASA Ratio 41.3% 42.3% 42.3% This is a Confidential document. 10
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Deposits 261,095 218,288 247,217 57,344 54,797 57,768 Dec-25 Dec-24 Sep-25 Other Term Deposits ActivMoney CASA EOP (₹ cr) 41.3% 42.3% 42.3%CASA % 85,934 74,900 89,887 126,330 109,314 120,520 11,935 16,198 13,384 Dec-25 Dec-24 Sep-25 CA Fixed rate SA Floating rate SA Term Deposits EOP (₹ cr) YoY % Current Account 75,596 66,589 Fixed rate Savings Account 118,505 105,682 Floating rate Savings Account 13,854 18,600 Averages Q3FY26 Q3FY25 14% 12% -26% Total Deposits 526,025 458,61415% Figures in grey represents numbers for Q3FY25, as applicable Cost of SA 2.86% 3.92% Cost of Funds 4.54% 5.06% This is a Confidential document. Term Deposit 318,070 267,74319% 11
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Customer Assets 47% 20% 31% 2% Advance Mix Consumer Commercial Wholesale Other ₹ cr 31-Dec-25 31-Dec-24 30-Sep-25 YoY QoQ Home Loans & LAP 144,156 121,700 137,893 18% 5% Business Banking Assets 50,306 41,687 47,825 21% 5% PL, BL and Consumer Durables 24,928 21,298 24,272 17% 3% Credit Cards 12,322 14,116 12,444 (13%) (1%) Others 2,957 2,809 3,831 5% (23%) Consumer Banking 234,669 201,610 226,265 16% 4% CV & CE 44,517 40,756 43,676 9% 2% AgricultureFinance 26,348 23,548 24,330 12% 8% Tractor Finance 19,410 16,795 18,439 16% 5% Retail Microcredit 5,708 8,167 5,725 (30%) - Others 6,063 5,904 5,792 3% 5% Commercial Banking 102,046 95,170 97,962 7% 4% Corporate Banking 112,787 96,649 109,240 17% 3% Corporate SME 39,623 33,738 37,193 17% 7% Wholesale Banking 152,410 130,387 146,433 17% 4% Others 9,888 6,219 8,249 59% 20% Advances (A) 499,013 433,386 478,909 15% 4% Credit Substitutes (B) 30,442 26,050 30,490 17% - Customer Assets (A + B) 529,455 459,436 509,399 15% 4% IBPC & BRDS (C) 18,340 19,547 16,221 (6%) 13% Net Advances (A - C) 480,673 413,839 462,688 16% 4% Unsecured retail advances (incl. Retail Microcredit) increase during Q3FY26 by ₹ 517 cr and as a % of Net Advances: 31st December, 2025: 8.9% 30th September, 2025: 9.2% 31st December, 2024: 10.5% This is a Confidential document. Aggregate SME Advances* as of 31st December, 2025: ₹ 116,276 cr (Up 17% YoY and 6% QoQ) *comprises Business Banking Assets, Agriculture Finance and Corporate SME 12
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Asset Quality ₹ cr Q3FY26 Q3FY25 Q2FY26 Opening GNPA 6,480 6,033 6,638 Fresh Slippages 1,605 1,657 1,629 Upgradations & Recoveries 778 762 688 Write-offs 987 662 1,099 Closing GNPA 6,320 6,266 6,480 Credit cost (annualised) (%)* 0.63% 0.68% 0.79% ₹ cr 31-Dec-25 31-Dec-24 30-Sep-25 GNPA (%) 1.30% 1.50% 1.39% NNPA (%) 0.31% 0.41% 0.32% PCR (%) 76% 73% 77% GNPA 6,320 6,266 6,480 NNPA 1,497 1,681 1,491 Total provisions (incl. specific) 7,280 6,634 7,396 *Credit cost on specific provisions | ^ Fund based outstanding for borrowers with exposure > ₹ 5 Cr. This is a Confidential document. ▪ SMA-2^ as on 31st December, 2025: ₹ 279 cr (as on 30th September, 2025: ₹ 390 cr) ▪ Fresh slippages of Q3FY26 upgraded within the same quarter: ₹ 257 cr (Q2FY26: ₹ 165 cr) 13
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Bank’s Financial Health Indicators Particulars Q3FY26 Q3FY25 Q2FY26 Profitability NIM 4.54% 4.93% 4.54% Cost of Funds 4.54% 5.06% 4.70% Return on Equity 10.68% 11.63% 10.38% Return on Assets 1.89% 2.10% 1.88% Efficiency Cost to Income 48.3% 47.2% 46.8% Cost to Assets 2.76% 2.95% 2.67% Balance Sheet Stability CD Ratio 88.6% 87.4% 87.5% CASA Ratio 41.3% 42.3% 42.3% CET-I 21.5% 21.7% 20.9% Consolidated BVPS (₹) 176 154 169 Asset Quality NNPA 0.31% 0.41% 0.32% Credit Cost 0.63% 0.68% 0.79% Slippages Ratio 1.34% 1.60% 1.41% PCR 76% 73% 77% This is a Confidential document. 14
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Kotak Mahindra Prime ₹ cr Q3FY26 Q3FY25 Q2FY26 FY25 NII 592 527 575 2,133 Other Income 152 148 148 686 NII and Other Income 744 675 723 2,819 Profit Before Tax 331 291 328 1,357 Profit After Tax 250 218 246 1,015 NNPA (%) 1.1% 1.0% 1.2% 1.0% CAR (%) 23.6%* 23.7%* 23.3%* 23.5% ROA (%) 2.1% 2.1% 2.1% 2.4% ^ comprises loans and credit substitutes 34,902 32,248 34,415 8,342 6,002 7,859 43,244 38,250 42,274 Dec-25 Dec-24 Sep-25 Customer assets^ (₹ cr) Vehicle Others *including unaudited profits This is a Confidential document. 15 13%
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Kotak Securities ₹ cr Q3FY26 Q3FY25 Q2FY26 FY25 Total Income 1,461 1,355 1,299 5,348 Profit After Tax^ 431 448 345 1,640 Cash Market Share* (%) 9.9 9.1 9.6 9.4 Derivative Market Share* (%) 15.5 12.7 15.1 12.9 Overall Market Share*(%) 13.5 11.5 13.1 11.6 ^PAT includes gains due to alignment of valuation of investment portfolio as per RBI’s Master Direction: - Q3FY26: ₹ 22 cr - Q2FY26: ₹ (11) cr and FY25: ₹ 115 cr 6,787 6,667 6,429 7,320 Q3FY26 Q3FY25 Q2FY26 FY25 KS Cash ADV (₹ cr) This is a Confidential document. #in Avg. Daily Orders via API – Dec’25 vs Oct’25 Other Highlights *excluding Proprietary segment Retail Broking • DIY orders (self-traded) accounted for 97% of total orders in Q3FY26 • Launched Neo Trade APIs with <50ms latency, driving 124%# growth • Re-designed Account Statements with simplified narrations & drill-downs across Equity, MTF and F&O to enhance transparency • Simplified F&O trading by introducing pre-built strategies & real-time tracking of active Index contracts • Rolled out research-based Investment baskets to enable long-term wealth creation Institutional Broking • A top tier broker for global & domestic institutional investors and works in collaboration with the Investment Bank - Kotak Mahindra Capital** for end-to-end ECM solutions • Maintained its Tier 1 ranking with most global FPIs for their India investments and with leading domestic mutual funds/insurance funds • During Q3FY26, distributed 13 IPOs amounting to USD 8.03 bn and 6 ECM Deals amounting to USD 2.65 bn 16 2% Market Share in Margin Trading Funding (MTF) ~14% as at 31st December, 2025
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Kotak Mahindra AMC & Trustee Co. 588,205 492,721 567,001 468,820 Q3FY26 Q3FY25 Q2FY26 FY25 Average Assets Under Management (₹ cr) – Overall ₹ cr Q3FY26 Q3FY25 Q2FY26 FY25 Profit After Tax* 315 240 258 977 • Proportion of Individual MAAUM: 56% • Monthly SIP Inflows for Dec’25: ₹ 2,043 cr, up 10% YoY • Equity(Ex ETF & Arb) AAUM Market share: 6.39% in Q3FY26 Key Highlights *PAT includes Investment Income: • Q3FY26: ₹ 77 cr • Q3FY25: ₹ 37 cr • Q2FY26: ₹ 29 cr • FY25: ₹ 225 cr • Kotak Equity MAAUM Distribution Mix (ex ETF & Arb) Dec’25: MFDs: 38%, National Distributors: 24%, Direct: 23%, Banks (ex- Kotak): 9% Kotak Bank: 4% and Others: 2% • Leading the Arbitrage Fund category basis MAAUM^ • Launched equity NFO ‘Kotak Rural Opportunities Fund’ in Nov’25 Other Highlights 376,148 316,501 360,098 299,924 Q3FY26 Q3FY25 Q2FY26 FY25 Average Assets Under Management (₹ cr) - Equity This is a Confidential document. MAAUM - Monthly Average AUM | ^Source: AMFI MAAUM as of 31st December 2025 17 19% 19%
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Kotak Mahindra Life Insurance ₹ cr Q3FY26 Q3FY25 Q2FY26 FY25 Capital and Reserves & Surplus 6,648 6,331 6,486 6,403 Total Premium 4,943 4,293 4,430 18,376 PAT(Shareholders’) 162 164 49 769 Solvency Ratio (x) 2.31 2.56 2.33 2.45 Overall protection premium for Q3FY26, at 33.7% of Individual new business and Group premium. Retail sum assured recorded 75% growth in Q3FY26. Gross written premium Q3FY26 has grown by 15.1% YoY. Individual APE New business premium for Q3FY26 grown by 18.7% YoY. 778 661 675 2,861 367 260 365 1,232 1,273 1,078 1,137 4,450 2,524 2,294 2,253 9,832 Q3FY26 Q3FY25 Q2FY26 FY25 Gross written premium (₹ cr) Ind Reg Ind single Group Ind Renewal Ind APE 815 712 687 4,943 4,293 18,3764,430 2,985 • Awarded for Claim Excellence & Servicing - FICCI Insurance industry Award in November, 2025 • Launched KOTAK TWIN - a combination of Par and term insurance, offering double protection to customers Q3FY26 Share of Traditional Product Mix at 71.7% of regular premium. AUM as on 31st Dec, ₹ 102,138 cr, growth 14.0% YoY. Other Highlights This is a Confidential document. Q3FY26 Profit after tax is impacted by GST and one- time labour code impact. 18 15%
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Building on the Power of a Diversified Financial Conglomerate Bank & other lending related entities Other Entities Consolidated PAT contribution Four Engines of growth that enables us to meet customer needs across the financial spectrum Our conglomerate structure helps retain profitability within the group by capturing shifting financial trends through cycles ₹ 9.4 trn Consolidated Balance Sheet 51 mn Bank Customers 1,12,000+ Consolidated Employee Base 4th Largest Private Sector Bank in India* ₹ 4.4 trn Market Cap# ₹ 6.0 trn Consolidated Customer Assets 5,556 Group Presence^ ₹ 5.4 trn Bank Deposits ₹ 7.9 trn Consolidated AUM All subsidiaries are 100% beneficially owned by Bank This is a Confidential document. Consolidated BVPS: 6-Yr CAGR- 17% *Balance Sheet size as at 30th September, 2025 | #as on 31st December, 2025 | ^In addition, Bank branches are present in DIFC (Dubai) & GIFT City (Gujarat) and Kotak Securities network includes branches, franchises and referral co-ordinators @Excludes gain on divestment of stake in ZKGI 80% 81% 79% 82% 83% 85% 79% 77%20% 19% 21% 18% 17% 15% 21% 23% 7,204 8,593 9,990 12,089 14,925 18,213 19,113 @ 13,865 FY19 FY20 FY21 FY22 FY23 FY24 FY25 9MFY26 19
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Focus Customer Segments are Served through Curated Propositions This is a Confidential document. High Networth Customer (HNI) SME Customer Institutional CustomerCore India Customer Kotak811 is a proposition: • Focused on serving Core India (a billion Indians) • Driving customer acquisition and service delivery through full stack digital solutions • Offering seamless digital journeys for sachet-sized Cards, Loans, Investment and Protection Plans Curated comprehensive propositions for HNIs: • Banking services, premium Credit Card & pre-approved lines of credit • Personalised Investment Advisory and Wealth Management solutions • Trading platform with dealers access and research insights • Best in class Asset Management solutions • Global Banking and Investment solutions • Legacy, Estate and Succession planning • Family Office and Multigenerational solutions • Protection and Wealth preservation strategies A relationship centric proposition for SMEs Delivers a comprehensive suite of enterprise solutions including: • Working Capital • Term Financing • Supply Chain Financing • Trade Financing • Cash Management Services • Foreign Exchange services Undertook an industry-first initiative in collaboration with IITs to drive future readiness and AI adoption among SME entrepreneurs A full-scale Corporate and Investment Bank creating a flywheel across balance sheet and capital markets; providing integrated solutions across Lending, Transaction Banking, Debt Capital Markets, Equity Raise and M&A Advisory Offers structured solutions from the Alternate Investment platform, Kotak Alts Brings a full suite for Financial Institution Clients – Equity Research, Trading platform, Custody services and Foreign Exchange capabilities 20Please note that the various products or services mentioned above are offered by Kotak Mahindra Bank and its group entities
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Rendering Digital Experiences for our Chosen Customer Segments This is a Confidential document. Affluent, NR and Self Employed Core India (a Billion Indians) Corporate and SME Investors (for Trading and Investment needs) Kotak Bank App An App tailored for a diverse set of customers, meeting all their financial needs - save, spend, pay, invest, borrow and protect- with just a few taps Initiatives launched in Q3FY26 • Introduced overdraft facility against fixed deposit for instant liquidity • Introduced Consolidated ‘One View’ of all financial accounts through Account Aggregator • Ability to fetch all mutual fund holdings (both internal & external) and assess portfolio health through tools available on the platform Kotak811 Full-stack digital proposition Initiatives launched in Q3FY26 • Launched Nudge Platform to drive personalised recommendations & actions • Expanded Loans Hub with Mid Month Advance, Vehicle & Personal Loans upgrades through Account Aggregator • Launched real time in-app transaction notifications with smart insights & recommendations • Integrated the App with on- ground channel team for assisted onboarding leading to reduced fraud risk Kotak Neo A full suite trading and Investment platform deeply integrated with Kotak Bank for faster onboarding & fund transfers Initiatives launched in Q3FY26 • Launched Instant Payouts for Kotak Bank Customers - Deeper bank integration enables immediate withdrawal of trading account cash balances to bank accounts • Launched advanced charting – auto-detection of candlestick patterns & CPR indicators for technical traders Kotak fyn An Enterprise Portal providing integrated offerings on both mobile and web Initiatives launched in Q3FY26 • Driven seamlessly through API’s across all Corporate Banking products – Cash Management, Trade Finance, Liquidity Solutions, Loan products and Account Services • Achieved deeper penetration of the Supply Chain Finance module through the EwayGoTM platform • Launched digital working capital loans withdrawal and Dealer financing journeys 4.7 4.6 4.7 4.4 4.8 4.7 We are continually enhancing our apps to deepen engagement and enable cross-sell journeys
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Geographical Presence Network in India Branches Kotak Bank 2,218 Kotak Mahindra Prime 164 Kotak Life Insurance 356 Kotak Securities# 1,196 Kotak AMC 120 BSS Sonata Microcredit&* 1,499 Total 5,556 Group Branches distributed across various geographies #Kotak Securities network includes branches, franchises and referral co-ordinators | ^including cash recyclers &Formerly known as BSS Microfinance Limited | *W.e.f 11th October, 2025 Sonata Finance Private Limited has merged with BSS Microfinance Limited Additionally, International reach comprises: • Bank branches present in DIFC (Dubai) & GIFT City (Gujarat) • International offices present in New York, London, Mauritius, Dubai, Singapore and Abu Dhabi Bank Branch presence as on 31st Dec, 2024: 2,068 | 30th Sep, 2025: 2,198 Metro Urban Semi Urban Rural 1,021 | 46% 481 | 22% 325 | 15% 391 | 18% North East West South 714 | 32% 186 | 8% 679 | 31% 639 | 29% Bank Branch Classification (No. | %) Bank Branch Distribution (No. | % ) 2,218 2,218 No. of ATMs^ 2,749 No. of Currency Chests 10 This is a Confidential document. 22
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17 1 Creating Value for our Stakeholders Driving Inclusive and Responsible Growth Scale One Kotak Prudent Risk Management Technology at the Core Empowered Colleagues Execution Excellence at Scale Colleagues Customers Company Community Customer at the centre Customers: The Heart of Our Business Getting it right by our customers by understanding their needs and stitching together relevant product propositions drawn from capabilities across the Group companies will help us become primary Banking relationship for our Customers and scale our business. Company: Building Sustainable Value To build a great company that shareholders can be proud off - an institution that delivers sustainable and consistent risk adjusted financial returns. Community: Thriving Together The key outcome we pursue in this are inclusive and responsible growth. Our efforts are geared to create positive impact on the community in line with values of Kotak. Colleagues: Our Greatest Asset Engaged colleagues empowered with technology tools and aligned with the Company’s purpose will deliver value for the customers at scale. This is a Confidential document. 23
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Annexure This is a Confidential document. 24
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Capital Market Asset ManagementProtection Banking & other lending related entities Kotak Mahindra Life Insurance Life Insurance Kotak Mahindra Bank Bank Kotak Mahindra Prime Car and Two-Wheeler Loans Kotak Mahindra Investments Lending & Investments Kotak Infrastructure Debt Fund Infrastructure Financing BSS Sonata Microcredit &* Business Correspondent Kotak Securities Stock Broking Kotak Mahindra Capital Company Investment Banking Kotak Mahindra Trusteeship Services Estate Planning & TrusteeshipServices Kotak Mahindra Pension Fund Pension Fund Kotak Mahindra Asset Management Mutual Fund Kotak Alternate Asset Managers Alternate Assets Kotak Mahindra (International), Kotak Mahindra Asset Management (Singapore), Pte, Kotak Mahindra (UK), Kotak Mahindra, Inc., Kotak Mahindra Financial Services International Business In addition to above, there are subsidiaries called Kotak Trustee Company, IVY Product Intermediaries and Kotak Karma Foundation &Formerly known as BSS Microfinance Limited | *W.e.f 11th October, 2025 Sonata Finance Private Limited has merged with BSS Microfinance Limited This is a Confidential document. Kotak - A Diversified Financial Conglomerate Rating for Kotak Mahindra Bank, Kotak Mahindra Prime, Kotak Mahindra Investments, Kotak Infrastructure Development Fund, Kotak Securities, Kotak Mahindra Life Insurance, Kotak Alternate Asset Managers All subsidiaries are 100% beneficially owned by the Bank 25
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Other Financial Services • Private Banking • Asset Reconstruction • Infra Debt finance • Car and 2W Loans • Retail & Institutional Broking Wholesale Banking • Corporate & SME Loans • Trade & Supply Chain Finance • Infrastructure, RE & Structured Lending • Debt Capital markets Commercial Banking •Agriculture Finance •Commercial Vehicles •Construction Equipment •Bharat Mortgages Consumer Banking •Branch Banking •Priority Banking •Kotak811 •Home loans & LAP •Personal Loans •Consumer Durables •Credit Cards • Investment Banking • Mutual Funds • Alternate Assets • Off-shore Funds • Life Insurance • General Insurance •Tractor Finance •Microcredit •Gold Loans • Forex/Treasury • Cash Management • Custody Business • Off - Shore Lending • Small Business Loans • Working Capital • NRI Banking • Forex Cards • FASTag • Loan against Shares Customer Segments are Served Through Diversified Products This is a Confidential document. 26
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ESG at Kotak Sustainable finance Board approved green and sustainable finance frameworks since FY2023 -24 ₹ 7,900+ Cr Green asset book* at the Bank (as of 31st March 2025) Resource efficiency & renewable energy 16 LEED/IGBC-certified premises Use of renewable energy at key corporate offices and installation of rooftop solar at 5 branches Community and environment 1.5 lakh+ saplings planted in FY25. ~1.5 lakh plantation ongoing in FY26 Pond Rejuvenation since FY2022-23 covered cumulatively ~400 acres, 16 additional water bodies restoration initiated in last 2 years Tenured senior management ~20 years average tenure of leadership team with the Group (as of 31st March 2025) Cybersecurity mechanism ISO/IEC 27001 certified Information security management system Value chain engagement Code of Conduct for service providers is integrated in service agreements Focus on Colleagues 5 pillar strategy covering development, appreciation, communication, value propositions and tailored offerings Diversity 26.4% gender diversity at Group (as of 31st March, 2025) ; aspiration to have women represent at least a third of workforce 18.2% gender diversity on the Bank’s Board (as of 31st December, 2025) Financial inclusion 2.3 mn women active microcredit borrowers (as of 31st March 2025) CSR for nation building Kotak Bizlabs accelerator programme 2nd edition launched for early revenue stage startups in India 14.6 lakh+ Beneficiaries impacted by CSR initiatives of the Group (as of 31st March 2025) Environment Board-level CSR and ESG committee constituting both the Board Chair and the MD & CEO, has oversight of the Bank’s ESG strategy and performance *As per green activities/projects indicated in the RBI’s ‘Framework for acceptance of Green deposits’ issued in April, 2023, b ased on internal mapping | **Index & Ratings data is as of 13th Jan, 2026 unless otherwise mentioned Ratings & Awards As of 2025, Kotak received an MSCI ESG Rating of AA #4 India’s Most Sustainable Companies in Banking by Businessworld 2024 India’s Top 50 Most Sustainable Companies by Businessworld 2024 Social Governance 27 This is a Confidential document. **ESG Score: 76.7/100 | Ranked 9/73 in BFSI sector Ratings & Awards As of June 2025, Kotak received MSCI ESG Rating of AA ESG Score: 79.1/100 ESG Score: 69/100 ESG Score: 73/100
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Equity This presentation 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 presentation is not a complete description of the Bank. Certain statements in the presentation contain words or 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 presentation, 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 presentation 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 presentation or to reflect the occurrence of underlying events, even if the underlying assumptions do not come to fruition. All information contained in this presentation 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 presentation. Neither the Bank nor anyone else accepts any liability whatsoever for any loss, howsoever, arising from any use or reliance on this presentation or its contents or otherwise arising in connection therewith. This presentation 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 presentation 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 presentation. Totals in some columns/ rows may not agree due to rounding off. Contact Devang Gheewalla / Kaynaan Shums Kotak Mahindra Bank Limited Tel +91 22 61660000 E-mail: investor.relations@kotak.com Disclaimer This is a Confidential document. 28