Kotak Mahindra Bank Muted Q2 Results
India Kotak Mahindra Bank's quarterly profit misses estimates on higher provisions
India's Kotak Mahindra Bank on Saturday reported a lower-than-expected 5% increase in July-September profit on higher loan provisions while lending margins shrank. The private lender's standalone net profit,
Kotak Mahindra Bank's Q2 profit rises 5% to ₹3,344 crore
Kotak Securities reported a PAT of ₹324 crore in Q2, down from ₹400 crore YoY. Its overall market share also dipped slightly to 11.6% from 12.2%. Meanwhile, Kotak Mahindra AMC saw its PAT rise to ₹197 crore sequentially, while its assets under management (AUM) jumped by a substantial 37% YoY to reach ₹6,80,838 crore.
Kotak Mahindra Bank Q2 Results: PAT rises 5% YoY to Rs 3,344 cr; NII jumps 11%
The bank's net interest income (NII) for Q2FY25 rose by 11% year-on-year to Rs 7,020 crore, up from Rs 6,297 crore in the same quarter last year. Its net interest margin (NIM) stood at 4.91% for Q2, down from 5.
Kotak Mahindra Bank's Steady Profit Growth Amidst NIM Dip
Kotak Mahindra Bank reported a 5% increase in its standalone profit for the second quarter of 2024, reaching Rs 3,344 crore. Despite a rise in interest income and decreased gross NPAs, the bank saw a moderation in Net Interest Margin to 4.
StanChart sells India personal loan business to Kotak Mahindra Bank
Kotak Mahindra Bank will buy Standard Chartered Bank's personal loan business in India, the Indian lender said on Friday, leaving the U.K.-based company to focus on its wealth and investment banking business in Asia's third-largest economy.
Kotak Mahindra Bank Q2 falls short of estimates; net profit up 5% with double-digit NII growth
On Friday (October 18), shares of Kotak Mahindra Bank Ltd ended at ₹1,869.80, up by ₹5.90, or 0.32% on the BSE.
Kotak Mahindra Bank's Strategic Acquisition: A Move Towards Transformative Growth
Kotak Mahindra Bank announced its acquisition of Standard Chartered Bank's Rs 4,100-crore personal loan portfolio, a strategic move aligning with its customer-centric growth focus. The transaction, expected to complete in three months,
Kotak Mahindra Bank's Q2FY25 profit surges 13 pc to Rs5,044 cr
Kotak Mahindra Bank announced its financial results for the second quarter of the fiscal year 2024-25, showcasing a consolidated profit after tax (PAT) of Rs5,0
Kotak Mahindra Bank Q2 Results: Net Profit Up 5% YoY To Rs 3,344 Cr; NII Surged 11%
Kotak Mahindra Bank reported a net profit of Rs 3,344 crore in Q2FY25, up 5% YoY growth from Rs 3,191 crore in Q2FY24. Net interest income (NII) increased 11% YoY in Q2FY25 from Rs 6,297 crore to Rs 7,
India's HDFC Bank beats quarterly profit forecast, margins dip slightly
HDFC Bank, India's largest private lender, beat analysts' forecasts for July-September profit on Saturday, helped by higher core lending income, while margins were slightly lower on a sequential basis.
Kotak Mahindra Bank's Net Profit Up 4.8% To Rs 3,344 Crore In Q2
The bank reported net interest income for the quarter to Rs 7,020 crore, from Rs 6,297 crore in Q2 FY24, up 11 per cent YoY.
Kotak Mahindra Bank Q2 net profit rises 5% to ₹3,344 crore
Kotak Mahindra Bank Ltd for the second quarter ended September 30, 2024 reported 5% year-on-year growth in net profit at ...
Kotak Mahindra Bank Q2 profit rises 5% to ₹3,344 crore
Kotak Mahindra Bank on Tuesday posted a marginal 5 per cent increase in its standalone profit to ₹3,344 crore in the second ...
Indian Banks’ Margins Hurt by Elusive Deposits as Rate Cuts Appear Distant
Indian banks’ rising credit costs and their struggle to attract customer deposits to mitigate this will continue to dominate ...
Kotak Bank cuts savings rate by 50 bps to 3% on sub-Rs 5 lakh account balance
Earlier, Kotak Mahindra Bank offered two slabs for savings account interest rates, with 3.5% for balances below Rs 50 lakh ...
Maggi or Dairy Milk? Jay Kotak Reveals His Go-To 2 AM Snack Cravings
In the first-ever TV interview, Uday Kotak's son Jay Kotak shared his late-night cravings, family dialogues, and thoughts on ...
Kotak Mahindra Bank’s aim to be 3rd largest private lender exposes it to significant M&A risk: Bernstein
Kotak Mahindra Bank, aiming to be Indias third largest private sector lender by 2030, faces significant M&A risks and ...
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'Sad answer probably but...' - Jay Kotak reveals his 2AM friend - Spills the beans on dinner talk at Kotak household | WATCH | ET NOW EXCLUSIVE
Head at Kotak811, spoke to Anisha Jain in his first ever TV interview under Emerging Titans show on ET NOW. Jay Kotak, the ...