Kotak Mahindra Bank reports 6.76% spike in net profit, GNPA at 1.73% in Q3FY24
On a standalone basis, the net profit for the reporting period was up 7.62% to Rs 3,005 crore, attributed to a sharp rise in provisions.
On a standalone basis, the net profit for the reporting period was up 7.62% to Rs 3,005 crore, attributed to a sharp rise in provisions.
Kotak Mahindra Bank on Saturday said it closed the second quarter of FY24 with higher net profit of Rs 3,190.97 crore.
A surprising incident at Sri Varaha Lakshmi Narasimha Temple in Simhachalam, Andhra Pradesh’s Visakhapatnam, has been making waves online. A…
Now customers with the bank can be instantly updated their correspondence address on net banking through DigiLocker.
The stock jumped 2.13 per cent to Rs 1,761.20 on the BSE.
The benefits will also include offer special education benefit for children and additional girl child benefit by covering dependent children of up to 22 years in the event of an accident claim by the salary account holder.
The holding of the bank at the consolidated level continues to be 20 per cent.
State Bank of India (SBI) has cut its offering on this segment to 6.70 per cent.
On a consolidated basis, the bank's profit increased by 11 per cent to Rs 2,602 crore as compared to Rs 2,349 crore in the same period a year ago.
On a consolidated basis, the bank said the net profit rose by 22.4 per cent to Rs 2,946.62 crore during Q2FY21 as against Rs 2,407.25 crore a year ago.
