Kotak Mahindra Bank Q2 Financial Results : Kotak Mahindra Bank has presented its September quarter results. Its profit has increased by five percent to Rs 3,344 crore in the July-September quarter of the current financial year. The bank's profit was Rs 3,191 crore in the same quarter of the last financial year. Kotak Mahindra Bank said in a notice to the stock market on Saturday that its total income increased to Rs 15,900 crore in the September quarter, which was Rs 13,507 crore in the same quarter of the previous financial year.

Their interest also increased.

The bank's interest income rose to Rs 13,216 crore in the quarter from Rs 11,193 crore in the same quarter of the previous fiscal. Net interest income (NII) grew 11 percent to Rs 7,020 crore from Rs 6,297 crore in the same quarter of the previous year.

Net interest margin decreased.

The ban percent interest margin (NIM) declined to 4.91 percent from 5.22 percent at the end of the second quarter of the previous fiscal. The bank's gross NPA ratio declined to 1 percent by grospercentby the end of September 2024 from 1.72 percent at the same time a year ago.

However, net NPA or bad loans rose to 0.43 percent from 0.37 percent at the end of the quarter of the previous fiscal.