{"id":69707,"date":"2022-10-22T15:10:00","date_gmt":"2022-10-22T09:40:00","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=69707"},"modified":"2022-10-22T15:04:36","modified_gmt":"2022-10-22T09:34:36","slug":"biz-results-kotak-bank-2","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/biz-results-kotak-bank-2\/","title":{"rendered":"Kotak Mahindra Bank Q2 Results: Net profit rises 27% to Rs 2,581 cr"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3821782421\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>Kotak Mahindra Bank on Saturday reported an about 27 per cent rise in net profit at Rs 2,581 crore for the quarter ended September 2022.<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1601419500\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div>\n<p>The private sector lender had posted a net profit of Rs 2,032 crore in the same quarter of the previous fiscal year.<\/p>\n<p>Total income during July-September period of 2022-23 grew to Rs 10,047\u00a0crore, as against Rs 8,408 crore in the year-ago quarter, Kotak Mahindra Bank said in a regulatory filing.<\/p>\n<p>Net interest income increased to Rs 5,099 crore from Rs 4,021 crore in Q2 FY22, up 27 per cent.<\/p><div class=\"trade-content_5\" id=\"trade-2465274747\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div>\n<p>Net interest margin for the quarter was at 5.17 per cent.<\/p>\n<p>On the assets front, the bank&#8217;s gross non-performing assets (or bad loans) stood at 2.08 per cent of gross advances at the end of September 2022, down from 3.19 per cent a year ago.<\/p>\n<p>Net NPAs dropped to 0.55 per cent from 1.06 per cent.\u00a0 On a consolidated basis, the bank reported a 21 per cent rise in its net profit at Rs 3,608 crore in Q2 FY23, compared to Rs 2,989 crore in the same quarter of the previous fiscal. PTI DP ABM ABM<\/p>\n<div class=\"trade-after-content\" id=\"trade-2668903668\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>Kotak Mahindra Bank on Saturday reported an about 27 per cent rise in net profit at Rs 2,581 crore for the quarter ended September 2022. The private sector lender had posted a net profit of Rs 2,032 crore in the same quarter of the previous fiscal year. Total income during July-September period of 2022-23 grew [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":39905,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[1515,31],"tags":[],"class_list":["post-69707","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-company-results","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Kotak Mahindra Bank Q2 Results: Net profit rises 27% to Rs 2,581 cr - Trade Brains Features<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/biz-results-kotak-bank-2\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Kotak Mahindra Bank Q2 Results: Net profit rises 27% to Rs 2,581 cr\" \/>\n<meta property=\"og:description\" content=\"Kotak Mahindra Bank on Saturday reported an about 27 per cent rise in net profit at Rs 2,581 crore for the quarter ended September 2022. 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