Kotak Mahindra Bank has reported its standalone financial results for the second quarter of FY25, highlighting a significant increase in Net Interest Income (NII). The NII for Q2 FY25 stood at ₹7,020 crore, marking an 11% year-on-year (YoY) growth from ₹6,297 crore in Q2 FY24. This increase reflects the bank’s strong core lending operations.
The bank also maintained a healthy Net Interest Margin (NIM) of 4.91% during the quarter, showcasing its efficiency in generating profits from lending activities.
Other key highlights include:
- Fees and services income: ₹2,312 crore (up 14% YoY)
- Operating profit: ₹5,099 crore (up 11% YoY)
- Customer assets: ₹450,064 crore (up 18% YoY)
- Advances: ₹419,108 crore (up 17% YoY)
The bank’s CASA ratio stood at 43.6%, while the Gross NPA (GNPA) ratio was 1.49%, and the Net NPA (NNPA) ratio remained stable at 0.43%. The capital adequacy ratio was strong at 22.6%, with a CET1 ratio of 21.5%.
Kotak Mahindra Bank’s customer base expanded to 5.2 crore as of September 30, 2024, reflecting steady growth in its market presence.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Please consult your financial advisor before making investment decisions.
