Dear Client,
As part of our ongoing commitment to ensuring the security of your online trading experience, we would like to inform you of our protocol for addressing any suspicious activities observed on your trading account
Should you notice any irregularities or suspect unauthorized access to your account, we kindly request that you take immediate action by following the steps outlined below:
Send an Email Please send an email to stoptrade@acml.in from your registered email ID. In the email, briefly outline the suspicious activity you have observed.
Phone Call Alternatively, you can call us at 07968101000 Ext: 1 from your registered mobile number. This will enable us to address your concerns promptly.
When contacting us, please ensure you provide the following details:
By providing this information, you enable us to swiftly investigate and take appropriate measures to safeguard your account.
Your security and peace of mind are of utmost importance to us, and we appreciate your cooperation in maintaining the integrity of your trading account.
Total income of the bank increased by 27% YoY to Rs 15,285.35 crore during the period under review.
While the bank?s net interest income rose by 13% to Rs 6,909 crore, net interest margin, however, declined by 47 basis points to 5.28% in Q4 FY24 as compared with Q4 FY23.
Operating Profit of the bank for the fourth quarter was Rs 5,462 crore, up 18% YoY.
Provision & contingencies jumped by 80% to Rs 264 crore in Q4 FY24 from Rs 147 crore in Q4 FY23.
Profit before tax in Q4 FY24 stood at Rs 5,198 crore, up by 16% from Rs 4,500 crore in Q4 FY23.
For FY24, Kotak Mahindra Bank has recorded net profit and total income of Rs 13,782 crore (up 26% YoY) and Rs 56,072.01 crore (up 36% YoY).
The customer base of the bank as at 31 March 31, 2024 was 5.0 crore as against 4.1 crore as at 31 March 2023.
While the bank?s advances increased by 18% to Rs 376,075.27 crore, deposits rose by 24% to Rs 448,953.75 crore as on 31 March 2024.
GNPA of the bank was Rs 5,275 crore as on 31 March 2024 as against Rs 5,768 crore as on 31 March 2023 and Rs 6,302 crore as on 31 December 2023.
GNPA ratio was 1.39% as on 31 March 2024 as against 1.78% as on 31 March 2023 and 1.73% crore as on 31 December 2023.
NNPA ratio was 0.34% as on 31 March 2024 as against 0.37% as on 31 March 2023 and 0.34% crore as on 31 December 2023.
Kotak Mahindra Bank is the flagship company of the Kotak Group and has diversified operations covering commercial vehicle financing, consumer loans, corporate finance and asset reconstruction. Through its subsidiaries, the bank is engaged in investment banking, equity broking, securities-based lending and car finance.
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