Its net interest income (NII) in Q4 rose 13% YoY to Rs 6,909 crore, while its net interest margin (NIM) in Q4 rose to 5.28% vs 5.22% in Q3 of FY24.
The bank declared a dividend of Rs 2.00 per Equity Share of the face value of Rs. 5/- each, out of the net profits for the financial year ended March 31, 2024.
Private sector lender Kotak Mahindra Bank on Saturday reported that its net profit or profit after tax (PAT) grew 18.22% year-on-year (YoY) to Rs 4,133.30 in Q4 FY24. It grew 38% sequentially. Its net interest income (NII) in Q4 rose 13% YoY to Rs 6,909 crore, while its net interest margin (NIM) in Q4 rose to 5.28% vs 5.22% in Q3 of FY24.
> PAT growth: Q4FY24: 38% (QoQ); 18% (YoY); FY24: 26% (YoY)
> NIM Q4FY24: 5.28% Q3FY24: 5.22%; FY24: 5.32%, FY23: 5.33%
> CASA Ratio: 45.5%, CD Ratio: 83.8%, NNPA: 0.34%
> AIF provision release Rs 157 cr in Q4FY24 basis RBI circular of 27th March 24
> RoE: Q4FY24: 16.85%; FY24: 15.08%
> RoA: Q4FY24: 2.92%; FY24: 2.66%
The bank declared a dividend of Rs 2.00 per Equity Share of the face value of Rs. 5/- each, out of the net profits for the financial year ended March 31, 2024.
“This is to inform you that the Board of Directors of Kotak Mahindra Bank Limited (“Bank”) have, at their meeting held today, inter alia, recommended a dividend of Rs. 2.00 per Equity Share of the face value of Rs. 5/- each, out of the net profits for the financial year ended March 31, 2024, subject to the approval of the members at the ensuing Annual General Meeting of the Bank,” the bank said.
Disclaimer: rojgarlive Business Today provides stock market news for informational purposes only and should not be construed as investment advice. Readers are encouraged to consult with a qualified financial advisor before making any investment decisions.
