Kotak Mahindra Bank reported consolidated net profit of INR 22,126 crore for the financial year ended 31 March 2025, up 21% from the previous year, the Mumbai-headquartered lender said on 3 May 2025. The figure included a one-time gain of INR 3,013 crore from the divestment of Kotak General Insurance; excluding that gain, consolidated profit rose 5% to INR 19,113 crore.
On a standalone basis, the bank's net profit for the year was INR 16,450 crore, up 19% from INR 13,782 crore in fiscal 2024, including a gain of INR 2,730 crore on the insurance divestment. For the fourth quarter, consolidated net profit was INR 4,933 crore, while standalone profit was INR 3,552 crore, compared with INR 4,133 crore a year earlier.
INCOME AND BALANCE SHEET
Standalone net interest income rose 9% to INR 28,342 crore from INR 25,993 crore in fiscal 2024. The net interest margin was 4.96% for the full year and 4.97% for the fourth quarter.
Advances, including IBPC and BRDS, increased 13% year on year to INR 444,316 crore at 31 March 2025. Average total deposits for the year grew 16%, and the CASA ratio stood at 43.0% at the year end. The gross non-performing assets ratio was 1.42% and the net NPA ratio 0.31%, compared with 1.39% and 0.34% a year earlier.
The bank's standalone capital adequacy ratio under Basel III was 22.2% at 31 March 2025, with a CET1 ratio of 21.1%. On a consolidated basis, the capital adequacy ratio was 23.3% and the CET1 ratio 22.3%, while consolidated net worth reached INR 157,395 crore. The board recommended a dividend of INR 2.50 per share.
The results covered a year in which the Reserve Bank of India's restrictions on Kotak onboarding new customers through its online and mobile channels and issuing new credit cards, imposed in April 2024, remained in place until the regulator lifted them on 12 February 2025.