New Delhi: Kotak Mahindra Bank reported a 14% decline in its standalone net profit from Rs.4,122 crore last year to Rs. 3,552 crore this year. The Bank’s net interest income rose to Rs . 16,450, mainly from the one-time gain from the divestment of Kotak General Insurance (KGI). Its Net Interest Income(NII) increased 5% to Rs . 7,284 crore.
The bank’s net interest income rose 5% Year on Year, while it was 9% for the entire year. The customer assets, including credit substitutes and advances, grow 13% to Rs.4,77, 855 crore.
Overall, the net profit increased to Rs . 22,126 crore for FY2025 from Rs. 18,213 in FY2024.
What lies ahead for the bank
Despite these results, the bank has a strong deposit and credit growth. Despite the market uncertainties and lower margins, the bank has witnessed a robust loan growth, with 13% growth Year on Year in advances.
About Kotak Mahindra Bank
Kotak Mahindra Bank has a presence across banking, insurance, asset management and capital markets. It services about 5.3 crore customers across India and aboard. Its market cap is the fourth largest in India with an equity value of $15 billion.
