Kotak Mahindra Bank increases customer base, customer assets by 20% YoY

Kotak Mahindra Bank's first-quarter FY25 financial report shows a remarkable performance, with a PAT of Rs 6,250 crore, an 81% increase YoY, largely due to divesting its stake in Kotak General Insurance. Excluding this gain, PAT stands at Rs 3,520 crore. NII rose to Rs 6,842 crore, NIM at 5.02%, and fees income up by 23% YoY. Customer base, assets, and deposits all showed significant growth, with improved asset quality.