Kotak Mahindra Bank Q3 Results FY2023, Net Profit at Rs. 2,791.8 Crores

Kotak Mahindra Bank Q3 Results FY2023

by Shreya Anaokar Last Updated: Jan 23, 2023 - 02:17 pm 3.3k Views

On 21st January 2023, Kotak Mahindra Bank announced its results for the third quarter of FY2023.

Key Highlights:

- Net Interest Income (NII) for Q3FY23 increased to Rs. 5,653 crores, up 30% YoY. 
- Net Interest Margin (NIM) was 5.47% for Q3FY23.
- Fees and services for Q3FY23 were Rs. 1,847 crores, up 23% YoY. 
- Operating profit for Q3FY23 was Rs. 3,850 crore, up 43% YoY.
- The Bank’s PAT for Q3FY23 stood at Rs. 2,791.8 crores, up 31% 

Business Highlights:

- Customers as of December 31, 2022, were 39.0 million. 
- Customer Assets, which comprise Advances and Credit substitutes, increased by 24% to Rs. 3,39,313 crore. 
- Advances increased by over 23% to Rs. 3,10,734 crore.
- CASA ratio as at December 31, 2022, stood at 53.3%. 
- As of December 31, 2022, COVID-related provisions stood at Rs. 400 crores.
- GNPA was 1.90% & NNPA was 0.43%. 
- Credit cost on advances for Q3FY23 was 27 bps (annualized) (including standard provisioning; excluding reversal of COVID & restructuring). 
- The provision coverage ratio stood at 77.6%. 
- Capital Adequacy Ratio of the Bank, as per Basel III, as at December 31, 2022 was 21.7%, and CET I ratio of 20.7%.

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About the Author

Shreya Anaokar is a Content Writer at 5paisa. She has completed her Master’s in Finance and Graduation in Statistics from the University of Mumbai. 


Investment/Trading is subject to market risk, past performance doesn’t guarantee future performance. The risk of trading/investment loss in securities markets can be substantial. Also, the above report is compiled from data available on public platforms.
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