Net profit of Kotak Mahindra Bank rose 16.88% to Rs 5337.20 crore in the quarter ended March 2024 as against Rs 4566.39 crore during the previous quarter ended March 2023. Total Operating Income rose 26.50% to Rs 15156.18 crore in the quarter ended March 2024 as against Rs 11981.63 crore during the previous quarter ended March 2023.For the full year,net profit rose 22.03% to Rs 18213.21 crore in the year ended March 2024 as against Rs 14925.01 crore during the previous year ended March 2023. Total Operating Income rose 33.42% to Rs 56236.63 crore in the year ended March 2024 as against Rs 42151.06 crore during the previous year ended March 2023. ParticularsQuarter EndedYear Ended�Mar. 2024Mar. 2023% Var.Mar. 2024Mar. 2023% Var. Total Operating Income15156.1811981.63 26 56236.6342151.06 33 OPM %1.5611.96 -14.9319.14 - PBDT6775.025988.72 13 23863.3819646.18 21 PBT6775.025988.72 13 23863.3819646.18 21 NP5337.204566.39 17 18213.2114925.01 22 Powered by Capital Market - Live News

Kotak Mahindra Bank announced that the Board of Directors of the Company at its meeting held on 04 May 2024, has recommended a Final dividend of Rs.2 per share (i.e.40%), subject to the approval of the shareholders.Powered by Capital Market - Live News

Kotak Mahindra Bank has allotted 10,284 equity shares under ESOS on 29 April 2024. Powered by Capital Market - Live News

Kotak Mahindra Bank will hold a meeting of the Board of Directors of the Company on 4 May 2024.Powered by Capital Market - Live News

The Board of Kotak Mahindra Bank at its meeting held on 15 March 2024 has appointed Jaideep Hansraj, currently Managing Director of Kotak Securities (KSL), a wholly-owned subsidiary of the Bank), as Group President - One Kotak of the Bank, for engaging in the collaboration and oversight of subsidiaries of the Bank. In his new role, Hansraj will be a Senior Management Personnel of the Bank.Shripal Shah, currently the Chief Operating Officer of KSL, will take over as the Managing Director of KSL, with effect from the latter of (i) 01 April 2024 or (ii) the date after the receipt of statutory/ regulatory approvals as required. On the said appointment of Shah taking effect, Mr. Hansraj will move to the Bank as Group President - One Kotak.Powered by Capital Market - Live News