Kotak Mahindra Bank’s Board of Directors approved the audited standalone and consolidated results for the quarter and financial year ended March 31, 2024, at a Mumbai board meeting. Kotak Mahindra Bank standalone results The Bank’s PAT for FY24 rise to Rs. 13,782 crore from Rs. 10,939 crore in FY23, up 26% YoY.
PAT for Q4FY24 stood at Rs. 4,133 crore, up 18% YoY (up 38% QoQ from Rs. 3,005 crore in Q3FY24). Net Interest Income (NII) for FY24 increased to Rs. 25,993 crore, from Rs. 21,552 crore in FY23, up 21% YoY and for Q4FY24 increased to Rs. 6,909 crore, from, up 13% YoY (up 5% QoQ from Rs. 6,554 crore in Q3FY24). Net Interest Margin (NIM) was 5.28% for Q4FY24. Consolidated PAT for FY24 increased to Rs. 18,213 crore from Rs. 14,925 crore in FY23, up 22% YoY and for Q4 FY24 was Rs. 5,337 crore, up 17% YoY from Rs. 4,566 crore in Q4FY23 (up 25% QoQ from Rs. 4,265 crore in Q3FY24).
The company’s consolidated return on assets (ROA) for FY24 was 2.66%, while for Q4FY24 it was 2.92%. The return on equity was 15.08% for FY24 and 16.85% for Q4FY24. The consolidated capital adequacy ratio as per Basel III as at March 31, 2024 was 21.8% and CET I ratio was 20.7%. Consolidated Networth as at March 31, 2024 was Rs. 129,892 crore.
