Kotak Mahindra Bank Ltd on Saturday said it closed the third quarter of FY24 with an after tax profit of Rs 3,005 crore. According to the bank, the Q3FY24 results include Rs 143 crore provision (post tax) on applicable Alternate Investment Fund (AIF) investments pursuant to RBI's circular dated December 19, 2023. Net Interest Income (NII) for Q3FY24 increased to Rs 6,554 crore, from Rs 5,653 crore in Q3FY23, up 16 per cent YoY. Net Interest Margin (NIM) was 5.22 per cent for Q3FY24.