6 months ago
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ARTICLE AD BOX
MUMBAI: Kotak Mahindra Bank reported an 11% driblet successful consolidated nett net for Q2FY26 pursuing higher provisions, adjacent arsenic recognition and deposit maturation continued. The bank's CEO, Ashok Vaswani, was non-committal connected media reports that Kotak Bank was showing involvement successful acquiring IDBI Bank and had conducted owed diligence.
"We cannot and should not beryllium commenting connected immoderate items that could oregon could not beryllium successful process.
" Vaswani said it was the bank's extremity to scale, and it would look astatine some integrated and inorganic options. "We measure each opportunities based connected strategical acceptable and the interaction connected absorption bandwidth, arsenic we are besides increasing the concern organically. If the nett result is positive, we measure valuations and financials. If some strategical and valuation criteria are met, we proceed," helium said. Consolidated nett aft taxation fell to Rs 4,468 crore from Rs 5,044 crore successful Q2FY25. Consolidated assets nether absorption roseate 12% to Rs 760,598 crore, and lawsuit assets accrued 13% to Rs 576,339 crore. Book worth per stock roseate 14% to Rs 844. The standalone slope reported a 3% diminution successful nett net to Rs 3,253 crore from Rs 3,344 crore a twelvemonth earlier. "Credit costs person travel down from 93 ground points to 79 ground points successful enactment with our expectations.
.. ," said Vaswani.
