Money & Banking

Kotak Mahindra Bank customer deposits up 19.6%

Our Bureau Mumbai | Updated on April 06, 2020 Published on April 06, 2020

Net advances rise 6.7% in Q4

Private sector lender Kotak Mahindra Bank registered a near 20 per cent increase in its total customer deposits in the fourth quarter of last fiscal.

In a regulatory filing, it said its total customer deposits (excluding deposit certificates) grew by 19.6 per cent to about ₹2.58 lakh crore in the January to March 2020 quarter as compared to ₹2.16 lakh crore in the same period a year ago.

Deposit certificates, however, fell to ₹4,400 crore from ₹9,730 crore in the fourth quarter of 2018-19.

Net advances grew by 6.7 per cent to ₹2.19 lakh crore in the quarter ended March 31, 2020 as against ₹2.05 lakh crore in the same period a year ago.

The bank’s CASA ratio stood at 56.2 per cent as on March 31, 2020 as against 52.5 per cent a year ago.

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Published on April 06, 2020
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