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- Important
- Financial Update
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Kotak Mahindra Bank has announced a board meeting on the financial results for the quarter and half-year. Consolidated net profit for FY25 jumped to ₹22,126 Cr from ₹18,213 Cr last year, fueled by strong interest income of ₹65,669 Cr and diverse revenue from insurance and asset management. Operating profit hit ₹29,045 Cr. The bank also recorded a one-time exceptional gain of ₹3,803 Cr after selling 70% of its general insurance arm to Zurich. Asset quality remains solid with Gross NPA at 1.45%, and capital adequacy stands healthy at 22.25%. Dividend proposed at ₹2.50/share, up from ₹2.