The bank said that its PAT for Q1 FY25 excluding gains (net of tax) of 2,730 crore (on divestment of stake in Kotak General Insurance) stood at Rs 3,520 crore.
Profit before tax jumped 78.74% year on year (YoY) to Rs 8,195.53 crore in the quarter ended 30 June 2024.
Net interest income (NII) for Q1 FY25 stood at Rs 6,842 crore, up 10% from Rs 6,234 crore recorded in Q1FY24. Net interest margin (NIM) was 5.02% for Q1FY25.
Operating profit was at Rs 5,254 crore during the quarter, up 6% as against Rs 4,950 crore reported in Q1FY24.
Fees and services grew by 23% YoY to Rs 2,240 crore in the quarter ended 30 June 2024. Customers as at 30 June 2024 were 5.1 crore as compared to 4.3 crore as at 30 June 2023.
Advances (incl. IBPC & BRDS) increased 20% YoY to Rs 405,957 cr...
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