Kotak Mahindra Bank (NSE:KOTAKBANK) Interest Expense : ₹-205,847 Mil (TTM As of Dec. 2023)

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What is Kotak Mahindra Bank Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Kotak Mahindra Bank's interest expense for the three months ended in Dec. 2023 was ₹ -59,855 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was ₹-205,847 Mil.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income(EBIT) by its Interest Expense. Kotak Mahindra Bank's Operating Income for the three months ended in Dec. 2023 was ₹ Mil. Kotak Mahindra Bank's Interest Expense for the three months ended in Dec. 2023 was ₹ Mil. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Kotak Mahindra Bank Interest Expense Historical Data

The historical data trend for Kotak Mahindra Bank's Interest Expense can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Kotak Mahindra Bank Interest Expense Chart

Kotak Mahindra Bank Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Interest Expense

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-151,866.06

-159,006.80

-129,665.48

-115,535.37

-144,111.32

Kotak Mahindra Bank Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense	Get a 7-Day Free Trial															-38,024.50	-42,296.50	-48,340.80	-55,355.20	-59,854.80

Kotak Mahindra Bank Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was ₹-205,847 Mil.

Kotak Mahindra Bank (NSE:KOTAKBANK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Kotak Mahindra Bank Ltd (NSE:KOTAKBANK) » Definitions » Interest Expense

Traded in Other Exchanges

500247:India

Address

27BKC, C-27, G-Block, Bandra Kurla Complex, Bandra (East), Mumbai, MH, IND, 400051

Website

https://www.kotak.com

Kotak Mahindra Bank Ltd is an Indian banking and finance group offering personal finance solutions, transaction banking, operating lending verticals, managing IPOs, and providing working capital loans. The company's operating segment includes Treasury, (Balance Sheet Management Unit)BMU and Corporate Centre, Retail Banking, Corporate/Wholesale Banking, Vehicle Financing, Other Lending Activities, Broking, Advisory and Transactional Services, Asset Management, and Insurance. It generates the highest revenue from the Retail Banking segment. Some of its services include Savings Account, Safe Deposit Locker, Recurring Deposit, Sweep-In Facility, Debit and Credit Cards, Home Loan, Education Loan, Loan Against Securities, Life Insurance, Portfolio Management Service and others.

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