Net profit of Kotak Mahindra Bank rose 13.07% to Rs 5044.05 crore in the quarter ended September 2024 as against Rs 4461.04 crore during the previous quarter ended September 2023. Total Operating Income rose 19.76% to Rs 16426.97 crore in the quarter ended September 2024 as against Rs 13716.56 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Total Operating Income16426.9713716.56 20 OPM %20.2926.11 - PBDT6646.865888.34 13 PBT6646.865888.34 13 NP5044.054461.04 13 Powered by Capital Market - Live News

Kotak Mahindra Bank has entered into a definitive agreement with Standard Chartered Bank, India for acquisition of its Personal Loan book (total loan outstanding of around Rs 4,100 crore as of 30 September 2024). The above transaction is expected to be completed over the next three months and is subject to regulatory and other approvals and the satisfaction or waiver of customary closing conditions. The Bank will acquire the Personal Loan book which will be outstanding closer to the completion date. Powered by Capital Market - Live News

Kotak Mahindra Bank will hold a meeting of the Board of Directors of the Company on 19 October 2024.Powered by Capital Market - Live News

Kotak Mahindra Bank announced the cessation of Uday Khanna as Independent Director of the company with effect from 05 September 2024. Powered by Capital Market - Live News

Kotak Mahindra Bank announced that Virat Diwanji will cease to be the Group President and Head - Consumer Bank and a member of the Group Management Council (Senior Management Personnel), on account of his superannuation on 31 July 2024.Powered by Capital Market - Live News