Kotak Mahindra Bank Limited — Updates, 18-01-2025: Press Release

**Financial Highlights:** Kotak Mahindra Bank reported a consolidated PAT of ₹4,701 crore for Q3FY25, reflecting a 10% YoY increase. For the first nine months of FY25, PAT stood at ₹14,180 crore, up 10% YoY. The standalone PAT for Q3FY25 also rose to ₹3,305 crore, a 10% increase YoY, while 9MFY25 PAT reached ₹10,168 crore, up 5% YoY. Net Interest Income for Q3FY25 was ₹7,196 crore, a 10% YoY growth.

**Strategic Initiatives and Growth Drivers:** Customer assets grew by 15% YoY to ₹519,126 crore as of December 31, 2024, driven by strong advances. Average total deposits also increased by 15% YoY, signifying robust customer engagement.

**Business Developments:** The bank’s return on assets (ROA) was reported at 2.30% for Q3FY25, and the capital adequacy ratio remains healthy at 23.4%.

**Market Position and Competitive Advantage:** Kotak Mahindra Bank continues to enhance its market position with significant growth in total assets under management, which increased 29% YoY to ₹686,197 crore.

**Investor Implications:** The solid financial performance underscores a positive outlook for Kotak Mahindra Bank, offering potential growth opportunities for investors in a competitive banking landscape.