Private sector lender Kotak Mahindra Bank Ltd.’s net profit increased by 10% year-on-year to ₹3,305 crore for the third quarter of the financial year 2025. In the year-ago period, the lender reported a net profit of ₹3,005 crore. The profit figure is marginally higher than CNBC-TV18’s poll of ₹3,287.5 crore.

Net Interest Income (NII) or core income, which is the difference between the interest earned by a bank and the interest paid, also increased by 10% on a year-on-year basis to ₹7,196 crore. This figure was higher than CNBC-TV18’s poll of ₹7,147.7 crore.

The lender’s net interest margin (NIM) stood at 4.93% for the quarter under view.

Asset quality for the private sector lender remained under pressure. While Gross NPA stood at 1.50% from 1.49% in September, Net NPA came in at 0.41% from the September quarter.

CASA deposits increased by 15% on a year-on-year basis to ₹4.58 lakh crore, while CASA ratio stood at 42.3% for the quarter.

Credit-deposit ratio for the lender stood at 87.4% in December.

The bank’s operating profit for the quarter rose to ₹5,181 crore from ₹4,566 crore in Q3FY24, a growth of 13% year-on-year. For the first 9 months of FY25, profit increased to ₹15,534 crore from ₹14,126 crore, up 10% year-on-year.

Shares of Kotak Mahindra Bank Ltd. ended 2.58% lower on Friday ahead of reporting its results for the December quarter.