Kotak Mahindra Bank Q3 profit moves up 31 pc
New Delhi: Kotak Mahindra Bank on Saturday reported a 31 per cent year on year (YoY) jump in its standalone profit at Rs 2,792 crore for the quarter ended December 31, 2022.
The private lender had reported net profit of Rs 2,131 crore in corresponding period last financial year.
The Net Interest Income (NII) for the quarter increased to Rs 5,653 crore from Rs 4,334 crore reported in the same period last financial year.
Operating profit for the quarter stood was Rs 3,850 crore, up 43% YoY as against Rs 2701 crore reported in the same period last fiscal year.
Advances increased by over 23 per cent to Rs 3,10,734 crore as at December 31, 2022, from Rs 2,52,935 crore as at December 31, 2021.
CASA ratio as at December 31, 2022 stood at 53.3 per cent, the bank said in a regulatory filing.
(With UNI inputs)
IBNS
Senior Staff Reporter at Northeast Herald, covering news from Tripura and Northeast India.
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