Kotak Bank shares in focus after Q2 profit rises 5% YoY
Kotak Bank shares will be in focus in today's trade as the private sector lender reported Q2 profit recorded a growth of 5% year-on-year (YoY) to Rs 3,344 crore
The bank's net interest income (NII) for Q2FY25 increased 11% YoY to Rs 7,020 crore, from Rs 6,297 crore in the corresponding quarter of the previous financial year.
Its net interest margin (NIM) was 4.91% for Q2, lower from 5.22% recorded in Q2FY24.
As at September-end, GNPA rose to 1.49% from 1.72% YoY and net NPA also rose to 0.43% from 0.37% YoY.
Capital Adequacy Ratio of the bank, as per Basel III, as at September 2024 was 22.6% and CET1 ratio of 21.5% (including unaudited profits).
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