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 Q2: Profit Climbs 5 Per Cent As Lender's Asset Quality Improves
The bank logged a profit of Rs 3,344 crore in the July-September quarter in the 2024-25 fiscal year (FY25), against Rs 3,191 crore clocked in the same period a year earlier
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.
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'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.
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
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 profit rises 5% to Rs 3,344 cr
Kotak Mahindra Bank on Tuesday posted a marginal 5 per cent increase in its standalone profit to Rs 3,344 crore in the second quarter ended in September 2024. The private sector lender had recorded a net profit of Rs 3,
Kotak Mahindra bank posts 5% rise in Q2 profit
The standalone profit of Kotak Mahindra Bank for the quarter ended September 2024 has risen by 5 per cent to Rs 3,344 crore from Rs 3,191 crore in the corresponding period of last year. The total income of the bank has also been higher,
Kotak Mahindra Bank Q2 results preview: Net profit expected to rise 10%
Kotak Mahindra Bank’s NIM shrinks in Q2, as lender says secured loan book grew, IPO funds added pressure
The proportion of Kotak Mahindra Bank's unsecured loans -- personal loans and unsecured loans, which typically carry higher yields, declined during the quarter, while the secured loan book grew ...
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How private lenders HDFC, Kotak Bank and RBL fared in July-September quarter
HDFC Bank and Kotak Mahindra Bank witnessed a rise in profits, while their smaller rival RBL Bank saw a decline in profits ...
Kotak Mahindra Bank to acquire Standard Chartered Bank’s personal loan book worth ₹ ₹4,100 crore
Kotak Mahindra Bank will acquire Standard Chartered Bank’s personal loan book worth ₹4,100 crore on October 18, 2024. This ...
Kotak Mahindra Bank improves asset quality in Q2; gross NPA falls, capital adequacy remains strong
Kotak Mahindra Bank’s credit cost during the second quarter increased to 0.65 percent, up from 0.42 percent a year ago. On the other hand, the bank's capital adequacy remains robust.
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 ...
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 Mahindra Bank cuts savings account interest rate by 50 bps: Check details
Kotak Mahindra Bank recently announced a reduction in the interest rates for savings accounts with balances under Rs 5 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 ...