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Private sector lender Kotak Mahindra Bank on Saturday reported robust first quarter earnings in the financial year 2022-23 (Q1FY23). The bank’s both top and bottom lines grew in double-digit on a year-on-year basis, while the asset quality improved during the quarter.
Kotak Mahindra Bank’s PAT (profit after tax) for Q1FY23 stood at Rs 2,071 crore, up 26 per cent from Rs 1,642 crore in Q1FY22, while its Net Interest Income (NII) for Q1FY23 increased to Rs 4,697 crore, from Rs 3,942 crore in Q1FY22, up 19 per cent YoY, the bank said in its exchange filing.
The Net Interest Margin (NIM) of came at 4.92 per cent for Q1FY23, the regulatory filing also showed.
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