The Board of Directors of Kotak Mahindra Bank (“the Bank”) approved the audited standalone and consolidated results for the quarter and financial year ended March 31, 2023, at the Board meeting held in Mumbai.
Kotak Mahindra Bank’s PAT increased 28% YoY in FY23 to 10,939 crore, and Q4FY23 to 3,496 crore, up 26% YoY. Net Interest Income (NII) for FY23 and Q4FY23 increased by 28% and 35%, respectively. Net Interest Margin (NIM) was 5.33% and 5.75%, respectively. Fees and services increased by 25% and 22%, respectively. Operating profit increased by 23% and 39%, respectively. Net Interest Income (NII) for FY23 and Q4FY23 increased by 28% and 35%, respectively. Net Interest Margin (NIM) was 5.33% and 5.75%, respectively. Fees and services increased by 25% and 22%, respectively.
Operating profit increased by 23% and 39%, respectively. The GNPA and NNPA at March 31, 2023 were 1.78% and 0.37% respectively. The credit cost on net advances was 24 bps (annualised). The provision coverage ratio was 79.3%. The Capital Adequacy Ratio was 21.8% and the CET I ratio was 20.6%. The Board of Directors recommended a dividend of 1.50 per equity share. The Consolidated results showed a 23% and 17% increase in PAT, ROA, ROE, CA Adequacy Ratio, CA and Reserves & Surplus, Book Value per Share, Customer Assets, Total Assets Managed/Advised by the Group.
