Key Takeaways
- Kotak Bank's June quarter profit rose 26% YoY to ₹4,123 crore on loan growth.
- Net interest income rose 9% YoY to ₹7,928 crore, and operating profit climbed 10% to ₹6,131 crore.
- Asset quality improved with gross NPAs at 1.18% and net NPAs at 0.27%, while slippages eased 27% YoY.
- Consolidated profit rose 23% to ₹5,480 crore, with corporate loan book growth of 15%.
Frequently Asked Questions
What Was Kotak Bank's Standalone Net Profit For The June Quarter?
Kotak Bank reported standalone net profit of ₹4,123 crore for the quarter ended June 30, up 26% year-on-year from ₹3,282 crore a year earlier.
What Was Kotak Bank's Net Interest Income In The June Quarter?
Net interest income rose 9% year-on-year to ₹7,928 crore.
How Did Kotak Bank's NIM Change In The June Quarter?
The net interest margin stood at 4.53% for the quarter, versus 4.65% a year earlier and 4.67% in the preceding quarter.
What Were The Key Asset Quality Metrics For Kotak Bank In The June Quarter?
Gross NPAs declined to 1.18% from 1.48%, and net NPAs fell to 0.27% from 0.34%; slippages were ₹1,321 crore, down 27% year-on-year.
What Was Kotak Bank's Consolidated Net Profit And Corporate Loan Growth?
On a consolidated basis, net profit rose 23% to ₹5,480 crore, with corporate loan book growth of 15%.
Conclusion
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Reference :
1 : Economictimes



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