Kotak Bank's Q2 net rises 4.8% year-on-year

Kotak Mahindra Bank's net profit increased by 4.8% YoY to Rs 3,344 crore in Q2FY25 but decreased by 5% QoQ due to a one-time gain in the previous quarter. Gross deposits increased by 15.1% YoY, while gross advances grew by 17.4% YoY. Provisions rose to Rs 660 crore from Rs 366 crore YoY.

Oct 20, 2024 - 03:30

Kotak Bank's Q2 net rises 4.8% year-on-year

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Kotak Mahindra Bank's net profit increased by 4.8% YoY to Rs 3,344 crore in Q2FY25 but decreased by 5% QoQ due to a one-time gain in the previous quarter. Gross deposits increased by 15.1% YoY, while gross advances grew by 17.4% YoY. Provisions rose to Rs 660 crore from Rs 366 crore YoY.