Kotak Mahindra Bank Ltd.‘s Net Interest Income for Q2 FY23 has increased by 27% YoY to ₹ 5,099 crores. Profit After Tax rose by 27% YoY to ₹ 2,581 crores. Operating Expenditure grew by 28% YoY for Q2 FY 2023.
Net Non Performing Assets (NNPA) fell to 0.55%. In this quarter’s investor presentation, it is evident that the reason for the Operating Profit YoY growth to be 14% while Profits After Tax YoY growth to 27% is the significant reduction in Provisions and Contingencies by about 68% YoY.
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