Tuesday , 14 July 2020
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Kotak Mahindra Bank logs 6.7% growth in net advances in FY20

Kotak Mahindra Bank logs 6.7% growth in net advances in FY20

Kotak Mahindra Bank has logged rise in net advances to approximately Rs 219,500 crore as of March 31, 2020, a growth of around 6.7% as compared to Rs 205,695 crore as of March 31, 2019. The Bank’s total customer deposits also increased to approximately Rs 258,500 crore in March 31, 2020, a growth of around 19.6% as compared to Rs 216,150 crore as of March 31, 2019. The Bank’s CASA ratio stood at around 56.2% as of March 31, 2020, against 52.5% as of March 31, 2019 and 53.7% as of December 31, 2019.

Kotak Mahindra Bank offers a wide range of banking products and financial services for corporate and retail customers through a variety of delivery channels and specialized subsidiaries in the areas of personal finance, investment banking, life insurance, and wealth management.

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