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Kotak Mahindra Bank aims asset growth at up to 2x India’s nominal GDP: CEO Ashok Vaswani

by Saloni Shukla
July 9, 2025
in Finance
Reading Time: 2 mins read
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Kotak Mahindra Financial institution goals to develop its belongings at 1.5 to 2 instances India’s nominal GDP, Managing Director and CEO Ashok Vaswani stated within the non-public lender’s newest annual report. Brokerage agency Jefferies lately projected India’s nominal GDP progress to gradual to 9% in FY26.

“From a danger urge for food perspective, we goal to develop belongings at 1.5 to 2 instances nominal GDP progress,” Vaswani said. “In FY2024-25, our common advances grew by 18%, in keeping with our danger urge for food, and common deposits by 16%, making certain a balanced buyer progress franchise.”

Vaswani famous that the Reserve Financial institution of India’s expertise embargo primarily impacted the financial institution’s shopper enterprise, whereas a broader downturn within the microfinance sector affected its business banking operations.

“Our Company Financial institution remained resilient and delivered progress for the Financial institution. Inside the Industrial Financial institution, our Tractor Finance enterprise was a standout performer, reaching a market share of 11.5%,” he stated.

Trying forward, Vaswani flagged challenges arising from the anticipated decline in rates of interest. “As we transfer into the present yr, managing the enterprise via a regulatory repo fee reduce cycle and figuring out avenues for sustainable progress are key challenges that lie forward,” he added.

Reside Occasions


He additionally highlighted the influence of a turbulent world atmosphere, saying, “The heightened geo-political tensions and a quickly evolving, risky world financial order are new realities, compelling nations—together with India—to realign.”Regardless of these challenges, he underscored the resilience of the Indian financial system, which expanded by 6.5% in FY25. Development picked up within the second half, supported by the RBI’s accommodative measures, together with rate of interest reductions and liquidity infusions.As per the annual report, the whole consolidated belongings of Kotak Mahindra Financial institution stood at Rs 8.79 lakh crore on the finish of FY25. Complete advances stood at Rs 4.86 lakh crore whereas deposits have been at Rs 4.94 lakh crore. Variety of prospects of the financial institution was upwards of 5.3 crores.



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Tags: AimsAshokAssetBankCEOGDPGrowthIndiasKotakMahindranominalVaswani
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