FutureSenseIndia

Kotak Mahindra Bank Q3 2024-2025 Results: Strong Growth and Robust Performance

Kotak Mahindra Bank Q3 2024-2025 Results: Key Insights & Financial Performance
Kotak Mahindra Bank Q3 FY25 Financial Results

Kotak Mahindra Bank Financial Results

Metric Q3 FY25 (₹ Crore) Q2 FY25 (₹ Crore) Q3 FY24 (₹ Crore)
Net Profit After Tax 4,701.02 5,044.05 4,264.78
Capital Adequacy Ratio (Basel III Standalone) 22.79% 22.61% 19.00%
Gross NPA Ratio 1.51% 1.48% 1.68%
Net NPA Ratio 0.44% 0.45% 0.36%

Key Observations:

  • Net profit decreased slightly compared to the previous quarter but showed strong year-over-year growth.
  • Asset quality remained stable, with Gross and Net NPA ratios showing minimal changes.
  • Capital adequacy stayed robust, exceeding regulatory requirements.

Key Strategic Highlights:

  1. Insurance Stake Divestment:
    In June 2024, KMBL completed the divestment of a 70% stake in Kotak Mahindra General Insurance Company Limited to Zurich Insurance Company Limited. This move generated a pre-tax gain of ₹3,803.40 crore, significantly contributing to the bank’s profitability for the period.

  2. Acquisition of Standard Chartered Bank India’s Personal Loan Book:
    Kotak Mahindra Bank has entered a definitive agreement with Standard Chartered Bank, India, to acquire its personal loan portfolio, valued at approximately ₹4,100 crore as of September 30, 2024. With all regulatory approvals secured, the transaction is set to close soon, further expanding KMBL’s retail lending footprint.

Leave a Reply

Your email address will not be published. Required fields are marked *