Kotak mahindra bank shares: Kotak Mahindra Bank Limited has released a business update regarding the September quarter of the current financial year on Saturday 4 October. The bank said that during the September quarter, strong growth has been recorded in its net advocates and deposits. Due to this, the bank’s September quarter results are expected to be strong.
Kotak Mahindra Bank said that her net advance increased to Rs 4.62 lakh crore in the September quarter. This shows a gain of 15.8% on an annual basis and 4% on a quarterly basis. At the same time, the average net advocates of the bank increased by 4 per cent to Rs 4.47 lakh crore during the September quarter.
Deposits performance
Casa deposits improve
The bank’s low-cost CASA deposits (current account and savings account) also saw a good improvement. CASA deposits rose 11.2% on a year -on basis and 6.7% on a quarterly basis to Rs 2.23 lakh crore.
How were the results of June quarter?
Earlier in the June quarter, Kotak Mahindra Bank’s net profit declined by 57.5 per cent to Rs 3,281.7 crore on an annual basis, which was Rs 6,250 crore in the same quarter a year ago. The estimated estimates of Dalal Street were less than Rs 3,442 crore.
However, there was an increase in the bank’s net interest income (NII). The bank’s NII NII increased by 6.1 per cent to Rs 7,249 crore in the June quarter, which is 6,842 crore more than the previous year.
Kotak Mahindra Bank’s gross NPA rose to Rs 6,637.7 crore in the June quarter, which was Rs 6,134 crore in its previous quarter. The NPA ratio also increased to 1.48%, which was 1.42% in its previous quarter.
Stock conditions
Kotak Mahindra Bank shares closed at Rs 2,100.90 with a rise of 1.84 per cent on BSE on Friday 3 October. The stock has gained 8 per cent in the last one month. At the same time, in the year 2025, this stock has given returns of more than 17 percent.
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