Kotak Mahindra Bank Release the 9MFY24 Result

Kotak Mahindra Bank has announced its unaudited standalone and consolidated results for the quarter and nine months ending December 31, 2023. Kotak Mahindra Bank’s standalone results show a 30% YoY increase in PAT for 9MFY24 and an 8% YoY increase in Q3FY24. Net Interest Income and Operating Profit increased, with customer deposits and customer assets increasing.

 Unsecured retail advances stood at 11.6%, and the CASA ratio stood at 47.7%. Average current deposits and savings deposits grew, and TD sweep balance grew 13%. The bank’s capital adequacy ratio was 21.2% and CET I ratio was 20.1%.

The Bank’s Consolidated PAT for 9MFY24 increased by 24% YoY to ₹ 12,876 crore, while Q3FY24’s PAT was ₹ 4,265 crore, up 7% YoY. The Bank’s Return on Assets (ROA) and Return on Equity (ROE) for Q3FY24 were 2.46% and 13.83% respectively. The Bank’s Capital Adequacy Ratio was 22.2%, and its Book Value per Share was ₹ 627. The Group’s total assets managed/advised were ₹ 5,33,365 crore, up 32% YoY. The Domestic MF Equity AUM increased by 44% YoY to ₹ 2,29,168 crore.

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