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Transforming for scale Investor Presentation Q2FY27 This is a Confidential document. Presentation on financial results for the Period ended 30th September, 2026 24th October, 2026
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Building on the Power of a Diversified and Integrated Financial Services Conglomerate Bank & other lending related entities Other Entities Consolidated PAT contribution Our four engines serve customer needs across the financial spectrum Retains profitability within the group by capturing shifting financial trends through cycles ₹ 11.2 trn Consolidated Balance Sheet 51 mn Bank Customers 112,000+ Full-time Group Employee Base 4th Largest Private Sector Bank in India* ₹ 4.1 trn Market Cap# ₹ 7.0 trn Consolidated Customer Assets 5,968 Group Branch Network in India^ ₹ 6.5 trn Bank Deposits ₹ 8.1 trn Consolidated Customer AUM All subsidiaries are 100% beneficially owned by Bank This is a Confidential document. Consolidated BVPS: 6-Yr CAGR - 17% *By Balance Sheet size as at 30th September, 2026 | #as on 30th September, 2026 | ^In addition, Bank branches are present in DIFC (Dubai) & GIFT City (Gujarat) and Kotak Securities network includes branches and franchises 1Excludes gain on divestment of stake in ZKGI | 2Excludes gain on divestment of stake in Infina 81% 79% 82% 83% 85% 79% 79% 79% 19% 21% 18% 17% 15% 21% 21% 21%8,593 9,990 12,089 14,925 18,213 19,113 1 19,103 2 11,126 FY20 FY21 FY22 FY23 FY24 FY25 FY26 H1FY27 2
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Consolidated Highlights *Customer Assets comprise Advances (gross of IBPC & BRDS) and Credit Substitutes | #CAR and CET-I as per Basel III, including unaudited profits | ^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 Q2FY26 Q2FY27 Sep’25 Sep’26 As at ₹ 196 Book Value / Share^ ₹ 699,250 cr Customer Assets* ₹ 576,339 cr ₹ 169 22.4% CAR# 22.1% CET-I# 22.8% 21.8% Customer AUM ₹ 814,118 cr ₹ 756,964 cr 2.10%ROA 1.97% 21%8% 16% This is a Confidential document. ₹ 5,645 crPAT ₹ 4,468 cr 26% 11.70%ROE 10.65% 3
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Kotak Group PAT – Q2FY27 ₹ cr Q2FY27 Q2FY26 Q1FY27 YoY QoQ Kotak MahindraBank 4,212 3,253 4,123 29% 2% Kotak MahindraPrime 251 246 354 2% (29%) Kotak Mahindra Investments 135 120 113 12% 19% Kotak Infrastructure Debt Fund 15 16 14 (6%) 6% BSS Sonata Microcredit* 36 (22) 27 - 37% Bank & Other Lending Related Entities 4,649 3,613 4,631 29% - Kotak Securities 348 345 533 1% (35%) Kotak MahindraCapital 80 60 89 34% (10%) Capital Market 428 405 622 6% (31%) Kotak MahindraLife Insurance 198 49 336 302% (41%) Insurance 198 49 336 302% (41%) Kotak AMC and TC 287 258 399 11% (28%) Kotak Alternate Asset Managers 87 104 126 (16%) (31%) InternationalSubs 11 48 29 (77%) (61%) Asset Management 385 410 554 (6%) (30%) Others 2 1 2 - - Bank & Subsidiaries 5,662 4,478 6,145 26% (8%) Associates 11 22# (7) (49%) 271% Inter co. Adjustments (28) (32) (658) - - Consolidated PAT 5,645 4,468 5,480 26% 3% 81% 9% 1%9% 82% 8% 3% 7% Bank & Other Lending Related Entities Capital Market Insurance Asset Management & Others Q2FY27 Q2FY26 This is a Confidential document. 4 *Formerly known as BSS Microfinance Limited #Includes share of profit from Infina Finance Private Limited (“Infina”), which ceased to be an associate w.e.f. 24th March, 2026 PAT Contribution (Bank & Subsidiaries)
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Kotak Group PAT – H1FY27 ₹ cr H1FY27 H1FY26 YoY FY26 Kotak MahindraBank 8,335 6,535 28% 14,008 Kotak MahindraPrime 605 518 17% 1,008 Kotak Mahindra Investments 248 227 9% 428 Kotak Infrastructure Debt Fund 29 30 (4%) 60 BSS Sonata Microcredit* 63 (38) - (73) Bank & Other Lending Related Entities 9,280 7,272 28% 15,431 Kotak Securities 881 811 9% 1,642 Kotak MahindraCapital 169 149 14% 350 Capital Market 1,050 960 9% 1,992 Kotak MahindraLife Insurance 534 376 42% 628 Insurance 534 376 42% 628 Kotak AMC and TC 687 583 18% 1,082 Kotak Alternate Asset Managers 213 163 31% 292 InternationalSubs 39 90 (56%) 155 Asset Management 939 836 12% 1,529 Others 4 2 - 7 Bank & Subsidiaries 11,807 9,446 25% 19,587 Associates 5 65# (93%) 107 Inter co. Adjustments (686) (571) - (591) Consolidated PAT 11,126 8,940 24% 19,103 PAT on Infina divestment^ - - - 185 Total Consolidated PAT 11,126 8,940 24% 19,288 77% 10% 4% 9% 79% 9% 4% 8% Bank & Other Lending Related Entities Capital Market Insurance Asset Management & Others H1FY27 H1FY26 This is a Confidential document. 5 *Formerly known as BSS Microfinance Limited #Includes share of profit from Infina, which ceased to be an associate w.e.f. 24th March, 2026 ^Gain on sale of stake in Infina by Kotak Mahindra Capital (“KMCC”) in FY26, post stake sale Infina ceased to be an associate w.e.f. 24th March, 2026 PAT Contribution (Bank & Subsidiaries)
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Kotak Group Networth & ROE ₹ cr PAT Q2FY27 Networth Sep’26 ROE Kotak Mahindra Bank 4,212 145,984 Kotak Mahindra Prime 251 11,745 Kotak Mahindra Investments 135 4,483 Kotak Infrastructure Debt Fund 15 662 BSS Sonata Microcredit* 36 1,328 Bank & Other Lending Related Entities 4,649 164,202 11.4% Kotak Securities 348 12,418 Kotak Mahindra Capital 80 3,778 Capital Market 428 16,196 10.6% Kotak Mahindra Life Insurance 198 6,999 Insurance 198 6,999 11.4% Kotak AMC and TC 287 5,200 Kotak Alternate Asset Managers 87 1,696 InternationalSubs 11 2,743 Asset Management 385 9,639 16.2% Others 2 118 5.3% Bank & Subsidiaries 5,662 197,154 Associates 11 455 Inter co. Adjustments (28) (2,903) Total 5,645 194,706 11.7% 83% 8% 4% 5% Bank & Other Lending Related Entities Capital Market Insurance Asset Management & Others Networth Contribution As at 30th Sep, 2026 CET I 21.4% 22.8% 51.0% 40.2% This is a Confidential document. 6 Networth represents Capital & Reserves and Surplus *Formerly known as BSS Microfinance Limited Networth Contribution (Bank & Subsidiaries)
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Domestic MF Debt 203,671 Domestic MF Equity 412,008 Offshore Funds 39,763 Insurance# 104,694 Alternate Asset* 37,035 NPS & PMS 16,947 30th Sep, 2026 Domestic MF Debt 196,886 Domestic MF Equity 362,694 Offshore Funds 47,966 Insurance# 91,230 Alternate Asset* 44,985 NPS & PMS 13,203 30th Sep, 2025 Total: ₹ 756,964 crTotal: ₹ 814,118 cr 8% *Include undrawn commitments, wherever applicable | #Policyholder’s AUM Kotak Group - Customer Assets Under Management This is a Confidential document. 7
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Bank Highlights *Credit cost on specific provisions | #Customer Assets comprise Advances (gross of IBPC & BRDS) and Credit Substitutes | ^CAR and CET-I as per Basel |||, including unaudited profits Q2FY26 Q2FY27 Sep’25 Sep’26 As at ₹ 4,212 crPAT ₹ 3,253 cr ₹ 626,801 cr Customer Assets# ₹ 509,399 cr 0.24%Net NPA 0.32% 21.9% CAR^ 21.4% CET-I ^ 22.1% 20.9% 1.92%ROA 1.88% 23% 29% 4.31%NIM 4.54% 38.2%CASA Ratio 42.3% 45.2%Cost / Income 46.8% This is a Confidential document. Deposits ₹ 651,491 cr ₹ 528,776 cr 23% 8 0.35%Credit Cost* 0.79%
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Profit and Loss Statement – Q2FY27 ₹ cr Q2FY27 Q2FY26 Q1FY27 YoY QoQ Net Interest Income 8,459 7,311 7,928 16% 7% Other Income 3,194 2,589 3,338 23% (4%) Fee and Services 2,926 2,415 2,500 21% 17% Trading and MTM income* (38) (128) (58) 70% 34% Others 306 302 896 1% (66%) Net Total Income 11,653 9,900 11,266 18% 3% Employee Cost 2,152 1,980 2,210 9% (3%) Other OperatingExpenses 3,119 2,652 2,925 18% 7% Operating Expenditure 5,271 4,632 5,135 14% 3% Operating Profit 6,382 5,268 6,131 21% 4% Prov. on Adv/Receivables (net) 789 996 677 (21%) 17% Prov. on Investments 14 (49) (9) - - Provision & Contingencies 803 947 668 (15%) 20% PBT 5,579 4,321 5,463 29% 2% ProvisionFor Tax 1,367 1,068 1,340 28% 2% PAT 4,212 3,253 4,123 29% 2% ROE 11.65% 10.38% 11.98% Fees & Services ₹ cr Q2FY27 Q2FY26 Q1FY27 Distribution 475 462 351 General Banking Fees 2,275 1,840 2,027 Others 176 113 122 Total 2,926 2,415 2,500 Notes *On fixed income, net of OIS/FRA This is a Confidential document. 9 • Q2FY27: Fees and Services include processing fees of ~ ₹ 158 cr, on advances against FCNR(B) deposits • Q2FY27: Other Operating Expenses include fees and other expenditures of ~ ₹ 116 cr, on borrowings mobilized by Bank’s international branches • Prov. on Adv/Receivables (net) includes provision on standard assets Q2FY27: ₹ 274 cr (Q2FY26: ₹ 75 cr, Q1FY27: ₹ 77 cr). Provision on standard assets for Q2FY27 includes ~ ₹ 120 cr on Advances against FCNR(B) and Loans transferred from Kotak Mahindra Investments Limited (“KMIL”) during the quarter
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Profit and Loss Statement – H1FY27 ₹ cr H1FY27 H1FY26 YoY FY26 Net Interest Income 16,387 14,570 12% 30,010 Other Income 6,532 5,669 15% 11,623 Fee and Services 5,426 4,664 16% 9,981 Trading and MTM income* (96) 67 - 117 Others 1,202 938 28% 1,525 Net Total Income 22,919 20,239 13% 41,633 Employee Cost 4,362 4,045 8% 8,351 Other OperatingExpenses 6,044 5,362 13% 11,215 Operating Expenditure 10,406 9,407 11% 19,566 Operating Profit 12,513 10,832 16% 22,067 Prov. on Adv/Receivables (net) 1,466 2,196 (33%) 3,549 Prov. on Investments 5 (41) - (68) Provision & Contingencies 1,471 2,155 (32%) 3,481 PBT 11,042 8,677 27% 18,586 Provision For Tax 2,707 2,142 26% 4,578 PAT 8,335 6,535 28% 14,008 ROE 11.82% 10.69% 11.08% Fees & Services ₹ cr H1FY27 H1FY26 FY26 Distribution 826 806 1,979 General Banking Fees 4,303 3,648 7,509 Others 297 210 493 Total 5,426 4,664 9,981 *On fixed income, net of OIS/FRA This is a Confidential document. 10
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Balance Sheet ₹ cr 30-Sep-26 30-Sep-25 30-Jun-26 Cash, Bank and Call 80,910 49,792 44,620 Investments 202,035 172,994 191,852 Net Advances 577,295 462,688 512,249 Fixed & Other Assets 26,518 21,493 26,352 Total Assets 886,758 706,967 775,073 CD Ratio 88.6% 87.5% 89.4% ₹ cr 30-Sep-26 30-Sep-25 30-Jun-26 Capital & Reserves and Surplus 145,984 125,157 140,924 Deposits 651,491 528,776 572,820 of which, CASA 249,105 223,791 231,017 Borrowings 55,223 23,911 25,840 Other Liabilities and Provisions 34,060 29,123 35,489 Total Liabilities 886,758 706,967 775,073 CASA Ratio 38.2% 42.3% 40.3% This is a Confidential document. 11 Deposits as of 30th Sep, 2026 include FCNR(B) deposits aggregating to ~ ₹ 55,344 cr, pursuant to RBI’s swap facility Borrowings include ~ ₹ 15,800 cr raised during the quarter in Bank’s international branches Net Advances include loans against FCNR(B) deposits ~ ₹ 16,110 cr by Bank’s international branches as of 30th Sep, 2026
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Deposits Franchise 58,672 57,768 60,108 343,714 247,217 281,695 Sep-26 Sep-25 Jun-26 Activmoney Other Term Deposits CASA EOP (₹ cr) 38.2% 42.3% 40.3%CASA % 14,502 13,384 13,662 136,643 120,520 129,067 97,960 89,887 88,288 Sep-26 Sep-25 Jun-26 Floating Rate SA Fixed rate SA CA *Term Deposits EOP (₹ cr) YoY % Current Account 82,026 70,220 Fixed rate Savings Account 129,731 113,894 Floating rate Savings Account 14,711 14,135 Averages Q2FY26 17% 14% 4% Total Deposits 606,234 510,13819% This is a Confidential document. Term Deposit 379,765 311,88922% 12 Cost of Funds 4.52% 4.70% Cost of SA 2.86% 2.89% Q2FY26 Q2FY27 Q2FY27Total 402,386 304,985 341,803 *Balance as of 30th September, 2026 includes FCNR(B) deposits aggregating to ~ ₹ 55,344 cr, pursuant to RBI’s swap facility.
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Customer Assets 39% 49% 12% Retail Institutional Independent Product Business ₹ cr 30-Sep-26 30-Sep-25 30-Jun-26 YoY QoQ Retail Banking 228,029 187,064 202,842 22% 12% Home Loans & LAP 157,217 138,176 150,903 14% 4% PL, BL and Consumer Durables 26,548 24,272 25,589 9% 4% Credit Cards 13,264 12,444 12,788 7% 4% Retail Microcredit 6,779 5,725 6,484 18% 5% Advances against FCNR(B) 16,110 - - - - Others 8,111 6,447 7,078 26% 15% Institutional Banking 287,371 229,731 259,895 25% 11% Corporate Banking 139,786* 112,134 121,875 25% 15% SME 138,700 109,349 125,826 27% 10% Others 8,885 8,248 12,194 8% (27%) Independent Product Business 67,455 62,114 64,873 9% 4% CV / CE 47,038 43,675 45,081 8% 4% Tractor Finance 20,417 18,439 19,792 11% 3% Advances (A) 582,855 478,909 527,610 22% 10% Credit Substitutes (B) 43,946 30,490 43,291 44% 2% Customer Assets (A + B) 626,801 509,399 570,901 23% 10% IBPC & BRDS (C) 5,560 16,221 15,361 (66%) (64%) Net Advances (A - C) 577,295 462,688 512,249 25% 13% Unsecured retail advances (incl. Retail Microcredit) increase during Q2FY27 by ₹ 1,730 cr (Q1FY27: ₹ 707 cr) As a % of Net Advances: 30th September, 2026: 8.1% 30th June, 2026: 8.8% 30th September, 2025: 9.2% This is a Confidential document. 13 Advance Mix – 30th September, 2026 *Includes loan portfolio aggregating to ₹ 8,915 cr as at 30th September 2026, transferred from KMIL during the quarter through direct assignment in compliance with RBI directions
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Asset Quality ₹ cr Q2FY27 Q2FY26 Q1FY27 Opening GNPA 6,122 6,638 6,018 Fresh Slippages 1,230 1,629 1,321 Upgradations & Recoveries 642 688 565 Write-offs 629 1,099 652 Closing GNPA 6,081 6,480 6,122 Credit cost (annualised) (%)* 0.35% 0.79% 0.46% ₹ cr 30-Sep-26 30-Sep-25 30-Jun-26 GNPA (%) 1.04% 1.39% 1.18% NNPA (%) 0.24% 0.32% 0.27% PCR (%) 78% 77% 78% GNPA 6,081 6,480 6,122 NNPA 1,367 1,491 1,358 Total provisions (incl. specific) 7,564 7,396 7,340 *Credit cost on specific provisions | #Fund based outstanding for borrowers with exposure > ₹ 5 Cr This is a Confidential document. ▪ SMA-2# as on 30th September, 2026: ₹ 468 cr (as on 30th June, 2026: ₹ 249 cr) ▪ Fresh slippages of Q2FY27 upgraded within the same quarter: ₹ 136 cr (Q1FY27: ₹ 165 cr) 14
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Bank’s Financial Health Indicators Particulars Q2FY27 Q2FY26 Q1FY27 Profitability NIM 4.31% 4.54% 4.53% Cost of Funds 4.52% 4.70% 4.46% Return on Equity 11.65% 10.38% 11.98% Return on Assets 1.92% 1.88% 2.14% Efficiency Cost to Income 45.2% 46.8% 45.6% Cost to Assets 2.40% 2.67% 2.66% Balance Sheet Stability CD Ratio 88.6% 87.5% 89.4% CASA Ratio 38.2% 42.3% 40.3% CET-I 21.4% 20.9% 22.4% Consolidated BVPS (₹) 196 169 189 Asset Quality NNPA 0.24% 0.32% 0.27% Credit Cost* 0.35% 0.79% 0.46% Slippages Ratio 0.85% 1.41% 1.03% PCR 78% 77% 78% This is a Confidential document. 15*Credit cost on specific provisions
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Key Subsidiaries 16 This is a Confidential document.
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Kotak Mahindra Prime ₹ cr Q2FY27 Q2FY26 Q1FY27 FY26 NII 621 575 615 2,348 Other Income 125 148 257 569 -Of which MTM on OIS (50) (2) 67 (63) NII and Other Income 746 723 872 2,917 Profit Before Tax 335 328 473 1,342 Profit After Tax 251 246 354 1,008 NNPA (%) 1.0 1.2 1.0 1.0 CAR (%) 23.3* 23.3* 23.5* 23.3 ROA (%) 1.9 2.1 2.8 2.1 ^comprises loans and credit substitutes 37,312 34,415 36,327 10,146 7,859 9,633 47,458 42,274 45,960 Sep-26 Sep-25 Jun-26 Vehicle Others *including unaudited profits This is a Confidential document. 17 YoY: 12% QoQ: 3% Customer Assets^ (₹ cr) Other Highlight Kotak Mahindra Prime has reached a significant milestone, completing 30 years of its operations in October, 2026
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Kotak Securities ₹ cr Q2FY27 Q2FY26 Q1FY27 FY26 Total Income 1,591 1,299 1,809 5,705 -Of which Investment Income (37) (0.1) 173 237 Profit After Tax 348 345 533 1,642 Cash Market Share* (%) 9.4 9.6 10.4 9.9 Derivative Market Share* (%) 15.7 15.1 15.9 15.0 Overall Market Share* (%) 13.2 13.1 13.8 13.2 7,405 6,429 9,213 7,118 Q2FY27 Q2FY26 Q1FY27 FY26 KS Cash ADV (₹ cr) This is a Confidential document. Other Highlights *excluding Proprietary segment Kotak Neo (Retail Broking) • DIY orders (self-traded) accounted for 97% of total orders in Q2FY27 • Enabled customers to import externally held Mutual Fund portfolios via MF Central, with nearly 50% leveraging portfolio analytics. • Enhanced Kotak Neo API capabilities with an upgraded Python SDK, 10 years of historical data & options chain APIs Institutional Broking • A leading institutional broker for most of the biggest global & domestic institutional investors; works in collaboration with the Investment Bank - Kotak Mahindra Capital and the Corporate Bank – Kotak Mahindra Bank • In Q2FY27, executed 13 ECM bulk/block deals & 1 OFS, amounting to USD 1.6 bn 18 Market share in Margin Trading Funding (MTF): ~14% as at 30th September, 2026 YoY: 15% QoQ: (20%)
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Kotak Mahindra AMC & Trustee Co. 635,421 567,001 609,499 570,041 Q2FY27 Q2FY26 Q1FY27 FY26 ₹ cr Q2FY27 Q2FY26 Q1FY27 FY26 Profit After Tax 287 258 399 1,082 - Of which Investment Income* 29 29 152 167 • Proportion of Individual MAAUM: 58% • Monthly SIP Inflows for Sep’26: ₹ 2,110 cr, up 11% YoY • Equity(Ex ETF & Arb) AAUM Market share: 6.52% in Q2FY27 Key Highlights • Kotak Equity MAAUM Distribution Mix (ex ETF & Arb) Sep’26: MFDs: 38%, National Distributors: 24%, Direct: 25%, Banks (ex- Kotak): 9%, Kotak Bank: 3% and Others: 1% • Leading the Arbitrage Fund category basis MAAUM^ • Launched and scaled the Infinity Hybrid Long Short Fund (SIF) to ₹ 3,152 crore AUM Other Highlights 418,636 360,098 391,208 361,885 Q2FY27 Q2FY26 Q1FY27 FY26 Average Assets Under Management (₹ cr) - Equity This is a Confidential document. 19 *Net of taxes YoY: 12% QoQ: 4% YoY: 16% QoQ: 7% Average Assets Under Management (₹ cr) - Overall #Source: AMFI QAAUM as of 30th September, 2026 | ^Source: AMFI MAAUM as of 30th September, 2026 #5th Largest Fund House in the Country
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Kotak Mahindra Life Insurance ₹ cr Q2FY27 Q2FY26 Q1FY27 FY26 Capital & Reserves and Surplus 6,999 6,486 6,801 6,738 Total Premium 5,343 4,430 3,674 21,441 PAT(Shareholders’) 198 49 336 628 Solvency Ratio (x) 2.14 2.33 2.20 2.21 Gross written premium Q2FY27 has grown by 20.6% YoY Individual NB premium for Q2FY27 has grown by 6.2% YoY Overall Group Premium for Q2FY27 has a growth of 51.7% 738 675 440 3,186 366 365 234 1,384 1,725 1,137 1,499 5,967 2,514 2,253 1,501 10,904 Q2FY27 Q2FY26 Q1FY27 FY26 Ind Reg Ind single Group Ind Renewal 3,674 Ind APE 774 712 5,343 4,430 21,441 3,324 • Launched Kotak Protect Advantage, for mass and mass- affluent digital customers • Introduced unified Lead Management Platform for 1.2 lakh+ distributors - One Super Platform for Distributors. Other Highlights This is a Confidential document. 20 463 YoY: 21% Gross Written Premium (₹ cr) Retail sum assured recorded 22.8% growth in Q2FY27 AUM as on 30th Sep, 2026 ₹ 111,551 cr, growth 14.2% YoY. Q2FY27 Share of Traditional Product Mix at 70.8 % of regular premium Overall protection business for Q2FY27 has grown by 28.8% YoY
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21 The Strategic Pillars This is a Confidential document.
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This is a Confidential document. Kotak Mahindra Bank - Strategic Pillars Strengthens wallet share, improves customer retention, accelerates cross- engine monetisation and supports scalable and profitable growth Delivers resilient, secured growth, supported by differentiated value pools and strong market positions in their respective segments, and enables diversification and PSL accretion Enables enhanced customer experience, greater operational efficiency, improved productivity and scalable growth Focus Customer Segment Propositions Identified four focus customer segments: • HNI : Private Banking + Solitaire • Core India : Kotak811 • SME • Institutional Independent Product businesses within the Bank Technology, Digital & AI Operating backbone of the franchise: • Resilient and Scalable Digital Infrastructure • Leveraging Data and Analytics • Leveraging AI Built over time with dedicated distribution models and distinct economics, enabling consistent risk-adjusted returns across asset classes: • Tractor Finance • Commercial Vehicles / Construction Equipment Pillar 1 Pillar 2 Pillar 3 22
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This is a Confidential document. Pillar 1 : Focus Customer Segments (Individual Customers) served through curated propositions 90.8K (78.2K) Families with Relationship Value^ of ₹ 13.6 lakh cr (₹ 12.7 lakh cr) [across Bank & Group] Please note that the various products or services mentioned above are offered by Kotak Mahindra Bank and its group entities | Numbers in brackets pertain to June 2026 | *Derived from Forbes India Rich List 2025 | ^Relationship Value equals Private Banking + Solitaire ; Relationship Value = Advances + Deposits + Demat + Investments; Solitaire Programme was launched in May’25 | #Rolling 12 months average acquisitions numbers of new Full KYC Funded Savings Accounts HNI : Private Banking + Solitaire Core India : Kotak811 Serving Core India through fully digital, end-to-end journeys for customer onboarding and servicing with offerings across payments & sachet-sized products. Customer engagement is driven by in-app UPI, BillPay and rewards, along with differentiated offerings like the Metal Debit Card & Super. Group-wide holistic suite of offerings across full range of banking & insurance services, investment products & advisory, family office & multigenerational wealth preservation solutions and trading & research platform access. Kotak private manages wealth for >65%* of India’s top 100 families. Proposition: Proposition: Driving profitable growth with: • High-value customers anchored in multi-generational relationships • Deeper customer engagement through multi- products across group • Fee revenues & low capital intensity Value to Kotak Group: Driving scalable growth with: • Lower acquisition and servicing costs • Stable granular deposits base • Lifecycle-driven monetization through deepening of customer relationships Value to Kotak Group: • Monthly customer acquisition run rate# of 321K (298K) • Kotak811 SA is 13.3% (12.7%) of Bank’s total SA o Growing at 34% YoY & 11% QoQ 23
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This is a Confidential document. Driving scalable growth through: • Primary banking relationships anchored across enterprise and personal banking • Transaction-led flows and fee-based revenues • Diversified pan-India granular portfolio Driving profitable growth through: • Increased wallet share and deepening relationships • Leveraging leadership positions in custody, investment banking, broking and research • Fee-led, capital-efficient earnings delivering higher ROE Relationship-led banking proposition for delivering end-to-end solutions across working capital, term loans, supply chain financing, trade finance, cash management and foreign exchange while building next-generation enterprises through knowledge and capabilities enabled by the IIT partnership. A fully integrated platform delivering balance-sheet, capital market and advisory solutions supported by lending capabilities across working capital, capex funding, structured finance, distressed assets and credit substitutes, along with capabilities spanning across investment banking, equity research, broking, custody and treasury. Value to Kotak Group: Value to Kotak Group: Proposition: Proposition: Please note that the various products or services mentioned above are offered by Kotak Mahindra Bank and its group entities SME Advances at ₹ 1.4 lakh cr, growing at 27% YoY & 10% QOQ and accounting for 24% of the Bank’s advances mix • Contributes 20% of Bank’s total fee & services income, growing at 36% YoY in H1FY27 • Fees from KMCC (investment banking) and KIE (institutional brokerage) cross sell adds ~109 bps to the Corporate Bank’s RoE in H1FY27 SME Institutional Pillar 1 : Focus Customer Segments (Non-Individual Customers) served through curated propositions 24
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This is a Confidential document. Pillar 2 : Independent Product Businesses within the Bank *Tractor Manufacturers Association | ^Source: SIAM (CV) / ICEMA (CE) | #H1FY27 Market Share • Superior ROE profile • Delivers PSL accretion (direct agri) • Key entry point into transport and infrastructure ecosystem • Linked to infra spend, freight movement and capex cycles • 9.6%* Market Share# • Loan Book of ₹ 20,417 cr, up 11% YoY & 3% QoQ • 4% of Bank’s Advances Tractor Finance Commercial Vehicle / Construction Equipment • Highly granular, fixed-rate and secured book • Deep rural reach (600+ districts) and strong dealer ties • Fixed-rate, secured lending with strong dealer / OEM ecosystems • Diversified customer segment Portfolio characteristics: Portfolio characteristics: Value to the Group: Value to the Group: • 4.4% (CV)^ / 7.3% (CE)^ Market Share# in India respectively • Combined Loan Book of ₹ 47,038 cr, up 8% YoY & 4% QoQ • 8% of Bank’s Advances 25
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This is a Confidential document. Pillar 3 : Technology, Digital & AI Resilient and Scalable Digital Infrastructure Underlying architecture of Core Banking ecosystem is scaled to • Process upto ~10,000 transactions per second • Supports 3.6 cr+ API calls daily* UPI Adoption^ • UPI Overall Remitter Market Share of 3.8% (by value) • 13.3% of Kotak customers’ UPI remitter transactions (by volume) are routed through Kotak apps Leveraging Data and Analytics • Risk Intelligence leverages 15+ ML models and 5,000+ features for risk prediction and affluence estimation. • Decision science and ML models support credit selection, collections prioritisation, risk- based pricing and fraud detection • Early Warning Systems for continuous risk surveillance of larger exposures • AI-led tools providing personalised engagement cues to relationship managers Leveraging AI • Customers: Voice automation, onboarding assistance, voice-led collections, AI native capabilities for mobile apps • Colleagues: 'Kompanion’ - Bank’s AI productivity tool for RMs, Credit Analysts and Operations • Control: AI strengthening oversight across credit, fraud and data privacy • Technology: ‘Spark’- the AI-native software development Toolset used by engineering teams Our Digital Footprint Operating backbone of Franchise Kotak Bank App Universal Banking App Kotak811 App for Core India Kotak fyn Corporate & SME Customers Kotak Neo Trading & Investing App 26 *30 days daily average considered | ^As of September 2026
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Geographical Presence Network in India Branches Kotak Bank 2,327 Kotak Mahindra Prime 168 Kotak Life Insurance 387 Kotak Securities# 1,432 Kotak AMC 128 BSS Sonata Microcredit& 1,526 Total 5,968 Group Branches distributed across various geographies #Kotak Securities network includes branches and franchises | ^including cash recyclers | &Formerly known as BSS Microfinance Limited | Additionally, International reach comprises: • Bank branches in DIFC (Dubai) & GIFT City (Gujarat) • Offices of International subsidiaries in New York, London, Mauritius, Dubai, Abu Dhabi and Singapore Bank Branch presence as on 30th Sep, 2025: 2,198 | 30th Jun, 2026: 2,301 Metro Urban Semi Urban Rural 1,081 | 46% 496 | 22% 330 | 14% 420 | 18% North East West South 738 | 32% 198 | 8% 714 | 31% 677 | 29% Bank Branch Classification (No. | %) Bank Branch Distribution (No. | % ) 2,327 2,327 No. of ATMs^ 2,673 No. of Currency Chests 10 This is a Confidential document. 27
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28 This is a Confidential document. Annexure
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Capital Market Asset ManagementInsurance 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 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 29
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ESG at Kotak ➢ Addressing emissions through renewable energy use at key corporate offices and energy-efficient certified Green Buildings ➢ ~4.5 lakh+ saplings planted and 25+ lakes and ponds rejuvenated cumulatively under CSR^ ➢ ISO/IEC 27001 certified Information security management system ➢ Code of Conduct for service providers is integrated in service agreements ➢ Gender diversity and succession planning integrated into leadership assessments affecting executive compensation ➢ Policy Advocacy : Member, Joint Committee On Climate Finance Taxonomy for India ➢ Gender diversity# improved to 27.9% as of Q2, advancing towards the target of 30% by FY 2028-29 ➢ ISO 45001 certified offices for workplace safety ➢ Kotak BizLabs • Accelerator Programme: Launched Season 3 to support 100+ startups over the next year; Expanded the pan -India incubation network with IIM C Innovation Park as a key partner • Women Startup Programme (WSP): Ongoing support to 2,500+ women entrepreneurs through the 6 th cohort with NSRCEL (IIM B) ^As of 31st March 2026 | #of permanent workforce at the Bank |*(Includes non-fund based assets also) Categories as per green activities/projects indicated in the RBI’s ‘Commercial Banks - Climate Finance and Management of Climate Change Risks Directions, 2025’, based on internal mapping done as of 30 th Sep 2026 | **Index & Ratings data is as of 22nd Oct, 2026 unless otherwise mentioned Social GovernanceEnvironment 30 This is a Confidential document. ESG Score**: 72/100 ESG Score**: 70/100 ESG in Core Business ➢ ₹ 8,900+ Cr Green asset book* at the Bank ➢ Increasing access to finance for 1.76mn active women microfinance borrowers ➢ Environment and social risk assessment integrated in credit process for potential high-risk sectors ➢ Board approved green and sustainable finance frameworks ➢ Developing an approach to determine impacts of climate-related events on relevant assets ➢ Developing decision-useful transition risk insights for hard-to-abate sectors Ratings and Indices Score of 16.9 (Low Risk) as of Oct 2026 Among top 10 constituents of MSCI India Selection Index** ESG Score**: 74.1/100 Upgraded to AA rom A in 2025
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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. 31