India Kotak Mahindra Bank's quarterly profit misses estimates on higher provisions
India's Kotak Mahindra Bank on Saturday reported a lower-than-expected 5% increase in July-September profit on higher loan provisions while lending margins shrank. The private lender's standalone net profit,
Kotak Mahindra Bank's Strategic Acquisition: A Move Towards Transformative Growth
Kotak Mahindra Bank announced its acquisition of Standard Chartered Bank's Rs 4,100-crore personal loan portfolio, a strategic move aligning with its customer-centric growth focus. The transaction, expected to complete in three months,
Kotak Mahindra Bank reports 5% rise in standalone net profit
Despite higher provisions, the bank's net interest income rose 11% to Rs 7,020 crore. Meanwhile, provisions for the quarter were at Rs 660 crore, up 80%.
Kotak Mahindra Bank Q2 results: Net profit rises 5% to Rs 3,344 crore, misses market estimates
Kotak Mahindra Bank's Q2 FY25 net profit missed Street expectations, but net interest income surpassed estimates. The bank said its Gross Non Performing Assets also shrunk year-on-year.
Kotak Mahindra Bank's Robust Quarterly Growth Amid Challenges
Kotak Mahindra Bank reported a 13% rise in quarterly profit, reaching Rs 5,044 crore, driven by its subsidiaries' performance. While standalone profit grew 5%, provisions limited gains. The bank experienced a rise in unsecured loan slippages,
Kotak Mahindra Bank Q2: Profit Climbs 5 Per Cent As Lender's Asset Quality Improves
The bank logged a profit of Rs 3,344 crore in the July-September quarter in the 2024-25 fiscal year (FY25), against Rs 3,191 crore clocked in the same period a year earlier
Kotak Mahindra Bank's Q2 profit rises 5% to ₹3,344 crore
Kotak Securities reported a PAT of ₹324 crore in Q2, down from ₹400 crore YoY. Its overall market share also dipped slightly to 11.6% from 12.2%. Meanwhile, Kotak Mahindra AMC saw its PAT rise to ₹197 crore sequentially, while its assets under management (AUM) jumped by a substantial 37% YoY to reach ₹6,80,838 crore.
Kotak Mahindra Bank Q2 Results: Net profit below estimates as RBI ban, rise in NPA bite
Kotak Mahindra Bank reported a 5% increase in standalone profit to Rs 3,344 crore for the quarter ended September 2024, driven by an 11% growth in net interest income. However, rising NPAs and a slowdown in consumer loans pressured margins and increased provisions.
India's HDFC Bank beats quarterly profit forecast, margins dip slightly
HDFC Bank, India's largest private lender, beat analysts' forecasts for July-September profit on Saturday, helped by higher core lending income, while margins were slightly lower on a sequential basis.
Kotak Mahindra Bank Q2 Earnings: Muted Result, What Led To Weak Performance? | Management View
Kotak Mahindra Bank's Q2 earnings result was muted, leading to weak performance. According to Devang Gheewalla of Kotak Bank Ltd, the acquisition of Standard Chartered will help aid net interest margins (NIMs).
Kotak Mahindra Bank Q2 profit rises 5% to Rs 3,344 cr
Kotak Mahindra Bank on Tuesday posted a marginal 5 per cent increase in its standalone profit to Rs 3,344 crore in the second quarter ended in September 2024. The private sector lender had recorded a net profit of Rs 3,
Stock to watch: Kotak Bank shares likely to remain in focus after reporting Q2 results
On a consolidated level, Kotak's PAT rose 13% YoY to Rs 5,044 crore. The total assets under management as of September-end ...
Brokerage Radar: Bernstein has 'outperform' call on HDFC Bank, Jefferies has 'hold' rating on Kotak Mahindra
Check out the latest brokerage calls and analyst comments on the stocks in action today. Our coverage includes HDFC Bank, Kotak Mahindra Bank, Tech Mahindra and more.
Kotak Mahindra Bank to acquire personal loan book of Standard Chartered
As of September 30, Standard Chartered's personal loan book in India had an outstanding balance of Rs 4,100 crore ($488 ...
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Marketbuzz Podcast with Kanishka Sarkar: Muted opening likely, HDFC Bank, Tech Mahindra to react to Q2 results
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Indian shares set to open higher; Street reaction to key earnings eyed
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Bajaj Housing Finance, HDFC Bank, Kotak Mahindra Bank, JM Financial, CG Power and other stocks to watch on October 21
UltraTech Cement and Bajaj Housing Finance will in focus today as the company will announce its Q2 results. Besides, actions ...
Kotak Mahindra Bank’s NIM shrinks in Q2, as lender says secured loan book grew, IPO funds added pressure
The proportion of Kotak Mahindra Bank's unsecured loans -- personal loans and unsecured loans, which typically carry higher yields, declined during the quarter, while the secured loan book grew ...
Indian Banks’ Margins Hurt by Elusive Deposits as Rate Cuts Appear Distant
Indian banks’ rising credit costs and their struggle to attract customer deposits to mitigate this will continue to dominate ...