Kotak Mahindra Bank Q2 Results 2023

Read this story to learn about Q2- highlights, performance, earnings, dividend updates, market performance, etc.,

Highlights of the Result

· The total income of the bank stood at ₹ 13,507.36 Cr · The net profit for this quarter stood at ₹3,191 Cr · The net interest income (NII) of ₹ 6,297 Cr; growth of 23.5% YoY

Performance Highlights

· The number of customers increased from 3.66 Cr to 4.58 Cr from last year · The bank’s operating profit stood at ₹4,610 Cr, an increase of 29% YoY · The Profit after tax (PAT) saw a massive surge of 24% YoY

Asset Growth

Customer Assets, which include advances and credit substitutes, rose 18% YoY to ₹3.80 lakh Cr as against ₹3.23 lakh Cr during Q2 FY ‘23.

Company’s Expenses

Subsequently, the expenses shot during the quarter. The company reported a total expense of ₹17,130.94 Cr for the quarter under review.

Source: Kotak Mahindra Bank Financial Report – Q2 Report, BSE