Kotak Mahindra Bank's Robust Quarterly Growth Amid Challenges
Kotak Mahindra Bank reported a 13% rise in quarterly profit, reaching Rs 5,044 crore, driven by its subsidiaries' performance. While standalone profit grew 5%, provisions limited gains. The bank experienced a rise in unsecured loan slippages,
Kotak Securities reported a PAT of ₹324 crore in Q2, down from ₹400 crore YoY. Its overall market share also dipped slightly ...
The bank's micro-credit segment fell by 4 percent in Q2FY25 and is expected to slowdown in the current quarter as well, said Ekambaram.
Kotak Mahindra Bank Ltd for the second quarter ended September 30, 2024 reported 5% year-on-year growth in net profit at ...
Indian banks’ rising credit costs and their struggle to attract customer deposits to mitigate this will continue to dominate ...
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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 recently announced a reduction in the interest rates for savings accounts with balances under Rs 5 lakh.
In the first-ever TV interview, Uday Kotak's son Jay Kotak shared his late-night cravings, family dialogues, and thoughts on ...
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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