Kotak Mahindra Bank Q2 web up 27%
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Kotak Mahindra Bank standalone web revenue grew by 27 per cent to Rs 2,581 crore within the quarter ended September 2022 from Rs 2,032 crore within the year-ago interval.
Net curiosity revenue (NII) for the second quarter elevated to Rs 5,099 crore from Rs 4,021 crore within the corresponding quarter of the earlier fiscal. Net curiosity margin (NIM) improved to five.17 per cent from 4.45 per cent.
Gross NPA decreased to 2.08 per cent from 3.19 per cent. Net NPA declined to 0.55 per cent from 1.06 per cent.
The financial institution’s advances grew by 25 per cent to Rs 2,94,023 crore.
