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KOKOTAKBANK

Kotak Mahindra Bank Q1 FY25 results (Apr–Jun 2024) and concall

Financial Services · Concall AI · Call held 20 Jul 2024

Company page: Kotak Mahindra Bank share price, financials & guidance record

Source transcript

Kotak Mahindra Bank reported a Q1 FY25 with a consolidated profit of ₹4,435 crore (excluding KGI transaction), marking a ~7% YoY increase. The quarter was significantly impacted by the RBI embargo on 811 and credit card businesses, leading to flat unsecured retail growth QoQ and a 20 bps reduction in NIM to 5.02%. Despite these challenges, the bank demonstrated robust growth in customer assets (20% YoY) and deposits (21% YoY), with strong performances from its subsidiaries, particularly in capital markets. Management highlighted substantial progress on RBI compliance and a strategic focus on '

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