Mumbai, July 26 -- This decline excludes gains from the divestment of KGI. On 18 June 2024, the Bank completed the divestment of a 70% stake in its subsidiary, Kotak Mahindra General Insurance Company (KGI), to Zurich Insurance Company (Zurich). Consequent to this sale, KGI ceased to be a subsidiary of the Bank and became an associate with effect from 18 June 2024.

The Bank continues to hold the remaining 30% of the share capital in Zurich Kotak General Insurance Company (India) (formerly known as Kotak Mahindra General Insurance Company) as of 30 June 2025.

However, total income rose 7.91% year on year (YoY) to Rs 16,916.52 crore in the quarter ended 30 June 2025.

Profit from ordinary activities before tax stood at Rs 4,355.93 crore i...