Kotak Mahindra Bank Q3 FY24 Earnings Call | December 2023 Quarterly Results

Listen to the Kotak Mahindra Bank Q3 FY24 Earnings Call. The audio recording of the investors’ call held on January 20, 2024 in connection with the Consolidated and Standalone Unaudited Financial Results of Kotak Mahindra Bank Limited (“Bank”) for the quarter and nine months ended December 31, 2023.

Listen to Kotak Mahindra Bank Q3 FY24 Earnings Concall on YouTube:

This is the quarterly result for the period of September 2023 to December 2023 of the financial year 2023-24.

Kotak Mahindra Bank Q3 FY24 Results Highlights:

  • PAT Q3FY24: 8% (YoY); 9MFY24: 30% (YoY)
  • Net Interest Margin at 5.22% same as Q2FY24
  • Overall Credit cost at 40 bps; NNPA: 0.34%
  • CASA Ratio: 47.7%, Deposits challenge
  • Trading and MTM loss Q3FY24: ₹ 168 cr
  • Provision on AIF investments of ₹ 190 cr
  • Kotak Securities – Overall market share increased from 5.8% to 10.3% (YoY)
  • Kotak AMC – Growth in Overall AAUM: 23% ; Equity AAUM: 32% (YoY)
  • Kotak General Insurance – agreement with Zurich Insurance for them to take majority stake