<ul data-eligibleForWebStory="false"><li>Kotak Mahindra Bank's net advances rose 4.2% sequentially to Rs 4.45 lakh crore in April-June, with a 14% increase year-on-year. Total deposits also rose by 2.8% sequentially and 14.6% on-year to Rs 5.13 lakh crore.</li><li>However, the CASA fell 2.2% sequentially to Rs 2.10 lakh crore, despite a 7.9% increase year-on-year.</li><li>The bank reported a fall in fourth-quarter net profit due to provisions made for distressed microfinance institution loan book, although net interest income rose over 5% year-on-year.</li><li>The bank's asset quality remained stable, with gross non-performing assets ratio falling to 1.42% and provision coverage ratio at 78% as of March 31.</li></ul>

Kotak Mahindra Bank Q1 Update: Net Advances Rise 4%, Deposits Up Nearly 3%

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