{"id":131602,"date":"2022-07-25T05:44:59","date_gmt":"2022-07-25T09:44:59","guid":{"rendered":"https:\/\/44.250.171.167\/?p=131602"},"modified":"2022-10-06T04:34:16","modified_gmt":"2022-10-06T08:34:16","slug":"infographic-kotak-mahindra-banks-net-profit-soars-by-26","status":"publish","type":"post","link":"https:\/\/alphastreet.com\/india\/infographic-kotak-mahindra-banks-net-profit-soars-by-26\/","title":{"rendered":"Infographic: Kotak Mahindra Bank’s Net Profit soars by 26%"},"content":{"rendered":"\n

Provisions and contingencies declined by a massive 97 percent year-on-year to Rs 23.59 crore at the end of June quarter compared to Rs 703.52 crore in the corresponding quarter of previous fiscal.<\/p>\n\n\n\n

The fall in provisions stems from the improvement in asset quality metrics. During the quarter, the bank wrote back Rs 65 crore worth of provisions it had made specifically towards pandemic related risks. Gross non-performing assets as a percentage of gross advances fell by 10 bps sequentially to 2.24 percent and net NPAs declined by 2 bps to 0.62 percent in Q1FY23. Gross bad loans a year ago were 3.58 percent of the loan book.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

Net interest income, which is a difference between interest earned and interest expended, grew by 19.16 percent to Rs 4,697 crore compared to same period last year, with 29 percent YoY growth in loan book.<\/p>\n\n\n\n

Surprisingly, loan growth was driven by unsecured personal loans, credit cards, consumer durable loans and business loans, both on a year-on-year basis and sequentially. Kotak Mahindra Bank has been a conservative lender in the past but it seems to have shed this for the June quarter.<\/p>\n\n\n\n

Click here<\/a> to follow all updates on Kotak Mahindra Bank <\/p>\n","protected":false},"excerpt":{"rendered":"

Provisions and contingencies declined by a massive 97 percent year-on-year to Rs 23.59 crore at the end of June quarter compared to Rs 703.52 crore in the corresponding quarter of previous fiscal. The fall in provisions stems from the improvement in asset quality metrics. During the quarter, the bank wrote back Rs 65 crore worth […]<\/p>\n","protected":false},"author":1863,"featured_media":49407,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[105,392,5],"tags":[151,10145],"class_list":["post-131602","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-infographics","category-earnings","category-latest","tag-banking","tag-kotak-mahindra-bank"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2020\/02\/Trending-stocks.jpg","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":135067,"url":"https:\/\/alphastreet.com\/india\/rbl-banks-reports-a-whopping-7-times-profit-growth-in-q2fy23\/","url_meta":{"origin":131602,"position":0},"title":"RBL Banks reports a whopping 7 times profit growth in Q2FY23","author":"Chirag Gupta","date":"October 24, 2022","format":false,"excerpt":"RBL Bank, a Midcap private sector lender reported a standalone profit of INR 201.55 crore for the September quarter of FY23, growing 6.5 times from the year-ago period on a low base. 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(NSE: CANBK): Q3FY23 Results Out; Total Income rise 24% YoY","author":"Divyansh_Kasana","date":"February 16, 2023","format":false,"excerpt":"Canara Bank Ltd. (NSE: CANBK) is a public sector bank in India with its headquarters in Bangalore, Karnataka. The bank provides various financial products and services to its customers, including personal and commercial banking, insurance, asset management, and treasury services. 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The net\u2026","rel":"","context":"In "AlphaGraphs"","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"trending stocks high volatility","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/02\/Trending-stocks.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/02\/Trending-stocks.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/02\/Trending-stocks.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":177625,"url":"https:\/\/alphastreet.com\/india\/kotak-mahindra-bank-q3fy26-results-consolidated-pat-reaches-%e2%82%b94924-crore-amid-15-growth-in-customer-assets-and-robust-asset-quality\/","url_meta":{"origin":131602,"position":3},"title":"Kotak Mahindra Bank Q3FY26 Results Consolidated PAT Reaches \u20b94,924 Crore Amid 15% Growth in Customer Assets and Robust Asset Quality","author":"Staff Correspondent","date":"January 26, 2026","format":false,"excerpt":"Kotak Mahindra Bank Ltd (NSE: KOTAKBANK; BSE: 500247), Established in 1985, is one of India's leading financial services conglomerates. 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