Key Points
Kotak Mahindra Bank Q1 results: Net profit surges 67% to Rs 3,452 cr, but asset quality weakens..
Its gross NPA was at Rs 6,587.43 crore in Q1 FY24 as compared to Rs 6,418.67 in Q4 FY23..
Kotak Mahindra Bank has reported a 67 per cent rise in its standalone profit at Rs 3,452 crore in Q1 of the current financial year in comparison to Rs 2,071.15 crore in the first quarter of the previous fiscal...
Net NPA surged Rs 1,579.62 crore in the previous quarter as compared to Rs 1,478.64 in the year-ago period...
But its asset quality, when compared year-on-year, has improved in the this quarter, with gross non-performing assets (NPA) declining to 1.75 per cent from 2.27 percent in the year-ago period...
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