'Kotak Mahindra Bank
(KMB), on a standalone basis, reported 47% decline in Net Profit to Rs 3281.68
crore in the quarter ended June 2025 (Q1FY2026) over the corresponding quarter
of last year. The sharp decline in the net profit is on account of high base as
the bank had registered gains of Rs 3515.9 crore on stake sale in subsidiary in
Q1FY2025. The asset quality and credit cost of the bank was impacted due to
elevated fresh slippages of loans. Net interest margins (NIMs) declined to
4.65% in Q1FY2026 compared with 4.97% in the previous quarter and 5.02% in the
corresponding quarter last year.
The cost-to-income rate
improved to 46.19% in Q1FY2026 from 47.71% in the previous quarter and 46.21%
in the corresponding quarter last year. The credit cost (NPA provisions as an
annualized percentage of loans) jumped to 1.05% in Q1FY2026 from 0.57% in
Q1FY2025. The bank has maintained stable loan growth at 14% at end June 2025.
The business growth of the bank has improved to 1...
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