Kotak Mahindra Bank’s Q1 PAT zooms 80% aided by Zurich Ins’ stake buy in general insurance biz

Kotak Mahindra Bank’s profit surged nearly 80% in Q1 FY25, bolstered by its sale of a 70% stake in Kotak General Insurance to Zurich Insurance Group. Consolidated PAT rose to Rs 7,448 crore, while standalone PAT increased to Rs 6,250 crore.