Kotak Mahindra Bank Limited has informed the Exchange about Chairman s Speech at the Fortieth Annual General Meeting of the Members of Kotak Mahindra Bank Limited
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Chairman C S Rajan delivered the 40th AGM speech on August 2, 2025, highlighting FY25 results. Standalone profit after tax rose 19% year-on-year to ₹16,450 crore, while consolidated PAT grew 21% to ₹22,126 crore (both including a one-time gain from the divestment of Kotak Mahindra General Insurance). Subsidiaries performed strongly — Kotak Securities PAT up 34% to ₹1,640 crore, and Kotak AMC PAT jumped 86% to ₹977 crore with average AUM up 35% to ₹4.69 lakh crore. Key bank metrics included Net Interest Margin of 4.96%, CASA ratio of 43%, capital adequacy of 22.2%, and a slight uptick in gross NPAs to 1.42% from 1.39% earlier. The speech noted macro headwinds including a 25% US tariff on Indian exports, expected GDP slowdown to 6.2% in FY26, and the upcoming retirement of Deputy MD Shanti Ekambaram on October 31, 2025.
Positive read on FY25 with broad-based profit growth, strong capital position, and healthy asset quality, though minor NPA uptick and leadership transition may be near-term watchpoints for shareholders.