July 27, 2025 03:44 am (IST)
Follow us:
facebook-white sharing button
twitter-white sharing button
instagram-white sharing button
youtube-white sharing button
'I feel sad to support such a govt': Chirag Paswan slams Bihar administration after woman 'gang-raped' in Bodh Gaya | Bihar woman gang-raped in moving ambulance after she fell unconscious during Home Guard Test | Operation Sindoor still on, preparedness level should be high: CDS Anil Chauhan | PM Modi tops list of global leaders with 75 percent approval rating, Donald Trump languishes at 8th place | President Murmu, PM Modi pay tributes to martyrs' on Kargil Vijay Diwas | Jagdeep Dhankar's resignation: Election Commission initiates steps for Vice President elections | Centre bans Ullu, ALTT, other OTT apps over obscene content | Centre bans Ullu, ALTT, other OTT apps over obscene content | Deeply touched by Muizzu's gesture, writes Narendra Modi on X after arriving in Male | Tejashwi Yadav mulls boycotting Bihar polls over SIR, says 'no point in holding elections when people can't vote'
Kotak Mahindra Bank

Kotak Mahindra Bank Q3 net profit move up 8 pc to Rs 3,005 crore

| @indiablooms | Jan 20, 2024, at 11:30 pm

Private lender Kotak Mahindra Bank on Saturday reported 7.63% year-on-year jump in standalone net profit to Rs 3,005 crore for the October-December quarter (Q3) of the current financial year 2023-24.

The bank had posted a profit of Rs 2,792 crore in the corresponding quarter of 2022-23.

Kotak Mahindra Bank's asset quality improved in the December quarter with gross non-performing assets (GNPA) ratio standing at 1.73% as compared to 1.90% in the same period of the preceding year.

"Q3FY24 results for the Bank include Rs 143 crore provision (post tax) on applicable Alternate Investment Fund (AIF) investments pursuant to RBI’s circular dated December 19, 2023," Kotak Mahindra Bank said in a media release.

The private lender's total income in Q3 of FY24 stood at Rs 14,096.04 crore as against Rs 10,946.93 crore in the corresponding period of FY23 thus registering 29% year-on-year growth.

The bank's net interest income (NII) in the December quarter of the current financial year rose 16% year-on-year to Rs 6,554 crore from Rs 5,653 crore in the same period of previous financial year 2022-23.

(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.

Support objective journalism for a small contribution.
Related Videos
RBI announces repo rate cut Jun 06, 2025, at 10:51 am
FM Nirmala Sitharaman presents Budget 2025 Feb 01, 2025, at 03:45 pm
Nirmala Sitharaman on Budget 2024 Jul 23, 2024, at 09:30 pm
Close menu