Kotak Mahindra Bank: At the bottom

 


  • Kotak Mahindra Bank: At the bottom
  • PAT for FY24 ₹ 18,213 crore, up 22% YoY
  • Customers as at March 31, 2024 were 5.0 cr (4.1 cr as at March 31, 2023).
  • Standalone Return on Assets (ROA) for FY24 was 2.61% and for Q4FY24 was 2.97%. Return on Equity (ROE) for FY24 was 15.34% and for Q4FY24 was 17.54%. 
  • As at March 31, 2024, GNPA was 1.39% & NNPA was 0.34% (GNPA was 1.78% & NNPA was 0.37% at March 31, 2023).  
  • CASA ratio as at March 31, 2024 stood at 45.5%.   

  • Kotak Mahindra Bank is planning to increase its branch count by 80% to around 3,500 in the next five years, as the lenders looks to expand presence across the country.

  • The country’s fourth-largest lender plans to add approximately 1,500 branches to its current network, which currently stands at around 1,965. 

  • The lender added 168 branches in the previous financial year, and aims to open 200-250 branches annually over the next five years.

  • The bank will add up to 200 branches in the current fiscal, around 20% higher than fresh branch additions in 2023-24. 

  • The total branch count stood at 1,948 as on March 31 this year. Around 45% of branches are located in metros. 

  • According to the latest investors presentation, the bank has 896 branches in metro areas and 430 in urban areas. 

  • In semi-urban and rural areas, the branch count stands at 311 and 328, respectively. Urban areas will continue to remain the focus of the bank.


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