Kotak Mahindra Bank Limited has informed the Exchange regarding Board meeting held on May 03, 2025.
KOTAKBANK · price
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Kotak Mahindra Bank's board, at its May 3, 2025 meeting, approved the audited consolidated and standalone financial results for FY25. Consolidated net profit rose to ₹22,125.99 crore from ₹18,213.21 crore in FY24, a growth of about 21.5%. The numbers include a one-time exceptional pre-tax gain of ₹3,803.40 crore from the sale of the bank's 70% stake in Kotak Mahindra General Insurance to Zurich Insurance in June 2024, after which the insurer became an associate. Total income grew to ₹103,076.10 crore (vs ₹94,273.91 crore), supported by a 16.8% rise in interest earned. The Capital Adequacy Ratio (Basel III, standalone) improved to 22.25% from 20.55%, while Gross NPA edged up marginally to 1.45% from 1.38%; the board proposed a dividend of ₹2.50 per share (up from ₹2.00). Joint statutory auditors Deloitte Haskins & Sells and KKC & Associates LLP issued an unmodified (clean) opinion. Note: Deloitte replaced Price Waterhouse LLP as joint statutory auditor for FY25.
Strong headline PAT growth, a healthier capital cushion, and a 25% dividend hike are positives for shareholders, though a large chunk of the profit jump comes from the one-time Zurich divestment gain — underlying core earnings growth was more moderate. The small uptick in Gross NPA is a minor item to watch, but the clean audit opinion and stable asset quality should support investor confidence.