Kotak Bank's Q2 net rises 4.8% year-on-year

Kotak Mahindra Bank's net profit increased by 4.8% YoY to Rs 3,344 crore in Q2FY25 but decreased by 5% QoQ due to a one-time gain in the previous quarter. Gross deposits increased by 15.1% YoY, while gross advances grew by 17.4% YoY. Provisions rose to Rs 660 crore from Rs 366 crore YoY.

from Business News: Latest News Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/Ua8FZBs

Comments

Post a Comment

Popular posts from this blog

Why US students are confiding in chatbots over teachers and parents: Here's you need to know

Image
American students are increasingly turning to AI for academic and personal support, often replacing conversations with teachers and parents. A survey by the Center for Democracy & Technology shows that while AI aids learning, it risks weakening critical thinking, problem-solving, and human connection. Students must use AI thoughtfully to enhance, not replace, real engagement and independent reasoning. from Latest Education news - Board Exam Results, Admit Cards, Exam Paper Analysis and Question Papers | Times of India https://ift.tt/72yIMCX
Read more

Sebi taps DigiLocker to ease unclaimed assets transfer

Image
Sebi plans to leverage the government's DigiLocker system to address unclaimed assets in the securities market. By integrating demat and mutual fund holding statements, and information on investor deaths, Sebi aims to streamline the transfer of assets to rightful heirs. This initiative will consolidate individuals' financial holdings within their DigiLocker accounts and notify nominees upon the account holder's demise. from Business News: Business News, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/sIo4vhz
Read more