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.