- 25 Oct 2022
- ICICIdirect Research

Kotak Mahindra Bank reported a strong business and operational performance. Asset quality continued to remain steady. KMB posted strong NII growth at 26.8% YoY and 8.6% QoQ to Rs 5099 crore, aided by 25 bps sequential expansion in NIMs to 5.17% and robust growth in advances. C/I ratio increased 291 bps YoY but de-grew 373 bps QoQ to 49.4%. Credit cost inched up marginally on sequential basis to 26 bps. PAT reported a strong at 27% YoY and 25% QoQ to Rs 2580.7 crore
Overall loan growth was healthy at 25.1% YoY and 4.9% QoQ to Rs 2.94 lakh crore. Deposits were up 11.5% YoY to Rs 3.25 lakh crore, wherein focus was on term deposit accretion. Asset quality performance improved as GNPA and NNPA declined 16 bps and 7 bps sequentially to 2.08% and 0.55%, respectively.
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