Kotak Mahindra Bank has reported its financial results for the third quarter of FY25, highlighting stable asset quality despite marginal changes in key metrics. The bank’s Net NPA has improved to 0.41%, down from 0.43% in the previous quarter, while Gross NPA stood at 1.50%, slightly higher than 1.49% in Q2 FY25.
Key Financial Highlights:
- Net Profit: ₹3,305 crore, a 10% YoY increase from ₹3,005 crore in Q3 FY24.
- Net Interest Income (NII): ₹7,196 crore, up 10% YoY from ₹6,554 crore in Q3 FY24.
- Net Interest Margin (NIM): Stable at 4.93% for Q3 FY25.
- Operating Profit: ₹5,181 crore, a 13% YoY increase from ₹4,566 crore in Q3 FY24.
Asset Quality:
- Net NPA: Declined to 0.41% in Q3 FY25 from 0.43% in Q2 FY25 and 0.34% in Q3 FY24.
- Gross NPA: Marginally increased to 1.50% from 1.49% in Q2 FY25 but improved from 1.73% in Q3 FY24.
- Provision Coverage Ratio: Remained robust at 73% as of December 31, 2024.
Advances and Deposits:
- Advances: Grew by 15% YoY to ₹4,59,436 crore.
- CASA Ratio: Stable at 42.3%, reflecting strong customer retention.
Disclaimer: The above information is for informational purposes only and should not be considered financial or investment advice. Always consult a financial advisor before making investment decisions.
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Kotak Mahindra Bank