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- Private sector lender Kotak Mahindra Bank on Saturday reported 18.22% year-on-year (YoY) increase in its standalone profit for the quarter ended March 2024 to Rs 4,133.30 crore while its net interest income (NII) in Q4 rose 13% YoY to Rs 6,909 crore. The PAT figure was higher than ET Now poll estimates of Rs 3,406 crore.
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Media Release . Kotak Mahindra Bank Announces Results. Kotak Mahindra Bank Standalone PAT for FY24 ₹ 13,782 crore, up 26% YoY. Q4FY24 ₹ 4,133 crore, up 18% YoY and 38% QoQ. Consolidated PAT for FY24 ₹ 18,213 crore, up 22% YoY. Q4FY24 ₹ 5,337 crore, up 17% YoY and 25% QoQ.
May 4, 2024 · ETMarkets.com. Private sector lender Kotak Mahindra Bank on Saturday reported 18.22% year-on-year (YoY) increase in its standalone profit for the quarter ended March 2024 to Rs 4,133.30 crore while its net interest income (NII) in Q4 rose 13% YoY to Rs 6,909 crore.
The Bank's customer assets grew 20% YoY and 6% during the quarter. There was good growth across all the segments with the Consumer Bank growing at 20% YoY and 5% QoQ, commercial Bank at 20% YoY and 7% QoQ, SME and the corporate Bank, including credit substitutes, grew at 19% YoY and 6% QoQ.
May 6, 2024 · Shares of Kotak Mahindra Bank surged by 5.5% today following the release of its quarterly earnings report, which surpassed market expectations. The bank also reassured investors that the recent regulatory actions by the central bank would not have a massive impact on its financial performance.
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Consolidated results at a glance . Consolidated PAT for Q1FY24 was ₹ 4,150 crore, up 51% YoY from ₹ 2,755 crore in Q1FY23. PAT of Bank and key subsidiaries given below: * Kotak Mahindra Prime Q1FY23 PBT is lower by ₹ 101 crore on account of change in accounting policy with respect to brokerage cost.
May 4, 2024 · Kotak Mahindra Bank on Saturday announced its fourth-quarter financial results for the fiscal year 2023-24, showcasing robust performance amidst regulatory headwinds. The bank reported a...
Standalone PAT for Q4FY22 ` 2,767 crore, up 65% yoy. Mumbai, 04th May, 2022: The Board of Directors of Kotak Mahindra Bank (“the Bank”) approved the standalone and consolidated results for Q4FY22 and FY22, at the Board meeting held in Mumbai, today.