the bank net interest income (NII) for Q2FY25 rose 11% year-on-year to Rs 7,020 crore, from Rs 6,297 crore in the corresponding quarter of the previous financial year.
Its net interest margin (NIM) was 4.91% for Q2, lower than 5.22% recorded in Q2FY24.
At the end of September, GNI rose to 1.49% from 1.72% y-o-y and net NPA also rose to 0.43% from 0.37% y-o-y.
The bank’s Basel III capital adequacy ratio as of September 2024 was 22.6% and the CET1 ratio was 21.5% (including unaudited profits).
Read more: Tech Mahindra Stock Likely to Steal the Spotlight After Reporting 153% YoY Rise in Q2 PATStandalone return on assets (ROA) for Q2FY25 (annualized) was 2.17% (2.45% for Q2FY24). Kotak’s total deposits grew 16% to Rs 446.11 billion, while the CASA ratio improved sequentially to 43.6% in the second quarter against 43.4% in the first quarter. Advances rose 17% year-on-year to Rs 419,108 crore.
At a consolidated level, Kotak’s PAT increased 13% year-on-year to Rs 5,044 crore. Total assets under management at the end of September were Rs 680,838 crore, up 37% year-on-year from Rs 498,342 crore in Q2FY24.
Kotak Securities’ PAT improved to Rs 324 crore in Q2 from Rs 400 crore YoY, but its overall market share declined to 11.6% from 12.2% YoY.
Kotak Mahindra AMC’s PAT rose to Rs 197 crore as against Rs 124 crore sequentially, while its AUM rose 37% year-on-year to Rs 680,838 crore.
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