Kotak Mahindra Bank Q2FY25 Results: Net Profit Rises 5% YoY to ₹3,344 Crore, NII Up 11%, Signs Deal to Acquire Standard Chartered’s Personal Loan Book

Kotak Mahindra Bank’s financial results for Q2 FY25, announced in today’s board meeting, showcased several key metrics:

1. Standalone Q2 Results:
   • Net Profit: ₹3,344 crore, a 5% YoY increase from ₹3,191 crore in Q2 FY24.
   • Net Interest Income (NII): ₹7,020 crore, an 11% YoY rise from ₹6,297 crore in Q2 FY24.
   • Net Interest Margin (NIM): 4.91%.
   • Operating Profit: ₹5,099 crore, up 11% YoY from ₹4,610 crore.
   • Deposits: Total deposits grew 16% YoY to ₹446,110 crore, with a 26% jump in term deposits.
   • CASA Ratio: 43.6%, slightly up from 43.4% in the previous quarter.
   • Asset Quality: GNPA at 1.49% and NNPA at 0.43%, improving from 1.72% and 0.37%, respectively, in the previous year.
   • Customer Base: Grew to 5.2 crore from 4.6 crore in Q2 FY24.
2. Consolidated Q2 Results:
   • Consolidated PAT: ₹5,044 crore, a 13% YoY increase from ₹4,461 crore in Q2 FY24.
   • Return on Assets (ROA): 2.53% (down from 2.68%).
   • Return on Equity (ROE): 13.88%, slightly lower than 14.99% YoY.
   • Total Assets Under Management (AUM): ₹680,838 crore, up 37% YoY.
   • Mutual Fund AUM: Kotak Asset Management’s domestic MF Equity AUM grew by 60% to ₹319,161 crore.

Additionally, Kotak Mahindra Bank has entered into an agreement with Standard Chartered Bank to acquire its personal loan book, valued at ₹4,100 crore, with the deal expected to be completed in the next three months.

Disclaimer: The information provided in this summary is for informational purposes only and is not intended as financial advice. Readers are encouraged to conduct their own research and consult with a financial advisor before making any investment decisions. The figures and details mentioned are based on the latest available reports and may be subject to change. The performance of Kotak Mahindra Bank is not guaranteed, and past performance is not indicative of future results.