Kotak Mahindra Bank deposits grow 20% YoY to Rs 2.59 trillion in Q4

Private lender Kotak Mahindra Bank has reported a 20 per cent year-on-year (YoY) rise in its deposit base to Rs 2.59 trillion in the quarter ending March 2020 compared to Rs 2.16 trillion in the same period last fiscal year. On a sequential basis, the deposit base has grown 12 per cent over December 2019.

Advances of the private sector lender reported a growth of 6.7 per cent in Q4 FY20 to Rs 2.2 trillion compared to Rs 2.05 trillion a year