In early May, Kotak Mahindra Bank, a private sector lender, announced an 18.22% year-on-year (YoY) increase in net profit (PAT) for Q4 FY24, reaching ₹4,133.30 crore, and a 38% sequential growth. The bank's net interest income (NII) for Q4 rose by 13% YoY to ₹6,909 crore, while its net interest margin (NIM) increased to 5.28% in Q4 from 5.22% in Q3 FY24.