Kotak Mahindra Bank Limited — Others, 09-07-2025: Shareholders meeting

Kotak Mahindra Bank Ltd. has announced a board meeting on August 2, 2025, through video conferencing to consider and adopt the financial results for the quarter and half-year, along with other statutory business items including dividend declaration and re-appointments. The bank reported strong financial performance for FY 2024-25 with consolidated net profit rising to ₹22,126 crore, driven by growth across retail, commercial, wholesale banking, and subsidiaries like Kotak Securities and Kotak Life Insurance. Deposits grew 11% and advances by 13.5%, with robust asset quality maintained (Gross NPA 1.42%, Net NPA 0.31%). The bank enhanced its digital capabilities, launching new apps like Kotak Mobile and Kotak811, and improved customer service, reducing complaints by 28%. Investments in ESG, employee engagement, and community programs remain key priorities. The bank’s capital adequacy ratio stands healthy at 22.25%. Key appointments include the proposed induction of Mr. Paritosh Kashyap as a Whole-time Director, and appointment of M M Nissim & Co LLP as Joint Statutory Auditor. The board recommends a ₹2.50 per share dividend, subject to shareholder approval.