Kotak Mahindra Bank Q1 PAT climbs 26% YoY to Rs 4,123 cr
Mumbai, July 18 -- Total income increased 5.31% YoY to Rs 17,815.69 crore during the quarter.
Profit before provisions and contingencies rose 10.20% YoY to Rs 6,131.35 crore in Q1FY27. Provisions declined 44.68% YoY to Rs 668.13 crore from Rs 1,207.76 crore in Q1FY26.
Net Interest Income (NII) increased 9% YoY to Rs 7,928 crore in Q1FY27 from Rs 7,259 crore in Q1FY26. Net Interest Margin (NIM) stood at 4.53% compared with 4.65% in Q1FY26.
The bank reported strong deposit growth in Q1FY27, with Total Period-end Deposits rising 12% YoY to Rs 5,72,820 crore from Rs 5,12,838 crore in Q1FY26.
Average Total Deposits grew 14% YoY to Rs 5,58,891 crore in Q1FY27 from Rs 4,91,998 crore in Q1FY26, while Average Current Deposits increased 15% ...
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