Kotak Mahindra Bank 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)
Support Our Journalism
We cannot do without you.. your contribution supports unbiased journalism
IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.
