Kotak Mahindra Bank Q1 Result: Kotak Mahindra Bank has introduced the April to June quarter outcomes (Kotak Mahindra Bank Q1 Result) for the monetary 12 months 2022-2023. Kotak Mahindra Bank has stated that the online revenue of the financial institution has elevated by 26.10 % on this quarter and on this the financial institution has earned a complete revenue of Rs 2,071.10 crore. At the identical time, within the first quarter of final 12 months, the financial institution had a web revenue of about Rs 1641 crore. In such a scenario, within the first quarter of this monetary 12 months, the financial institution has made extra revenue of Rs 430 crore than final 12 months.

revenue from curiosity
This 12 months Kotak Mahindra Bank has additionally registered a rise in revenue by the use of curiosity. Last 12 months this determine was Rs 3,941.70 crore, which has now elevated to Rs 4,697 crore. In such a scenario, 19.20 % has been recorded within the web curiosity revenue ie NII of the financial institution.

Bank’s NPA additionally improved
There has additionally been a decline within the non-performing asset of the financial institution. The whole NPA of the financial institution this 12 months has been Rs 6,379 crore, which is 1.40 % lower than final 12 months. The NPA of the financial institution within the first quarter final 12 months was round Rs 6,470 crore. On the opposite hand, if we discuss annual NPA, then it has elevated. It has registered a rise of 0.70 % as in comparison with final 12 months. Last 12 months this determine was 1,737 crores, which has elevated to about Rs 1,749 this 12 months.

a lot revenue of the financial institution
Kotak Mahindra Bank has earned an revenue of Rs 11,658.94 crore within the monetary 12 months 2022-2023. At the identical time, within the corresponding quarter of the final monetary 12 months, the financial institution earned a complete of 12,571.61 crores. In such a scenario, there was a decline within the earnings of the financial institution as in comparison with final 12 months, however the motive for the rise in web revenue is that this 12 months the financial institution has lower its bills. The non-compulsory expenditure of the financial institution final 12 months was about Rs 6,342.83 crore, which has come right down to about Rs 6,342.83 crore this 12 months.

Growing financial institution community
The variety of prospects of Kotak Mahindra Bank is rising repeatedly. The financial institution had about 2.68 crore prospects final 12 months, which has elevated to three.45 crore prospects this 12 months. At the identical time, it has a complete of 1702 branches and a couple of,761 ATMs throughout the nation. Of the entire branches of the financial institution, 45 % of the branches are in large cities. At the identical time, there are 21 % branches in city areas and 34 % branches are in small cities or villages.

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