In an exchange filing, the bank announced that its net interest margin (NIM) rose to 5.47% in Q3 against 4.62% in the corresponding quarter of the year-ago period.
CASA ratio reduced to 53.3% in the last quarter from 59.9% in the year-ago peroid. The net NPA also reduced to 0.43% vs 0.79% on a YoY basis.
Kotak’s standalone operating profit rose 43% to Rs 3,850 crore in Q3. Advances increased by over 23% to Rs 3,10,734 crore in December-end. COVID related provisions stood at Rs 400 crore.
In accordance with COVID Resolution Framework announced by RBI, the bank has standard restructured fund-based outstanding of Rs 281 crore (0.09% of Advances). Under the MSME Resolution Framework, it has standard restructured fund-based outstanding of Rs 484 crore (0.16% of Advances) as at December 31, 2022.
