Kotak Mahindra Bank : Net Profit Rs. Rs. 1,291 crore for the December quarter - MYREALITY.In, Real Estate, Share Market, Mutual Fund, Insurance
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Friday, January 25, 2019

Kotak Mahindra Bank : Net Profit Rs. Rs. 1,291 crore for the December quarter



Kotak Mahindra Bank : Net Profit Rs. Rs. 1,291 crore for the December quarter

Kotak Mahindra Bank on reported a 23% year-on-year (YOY) jump in standalone profit-after-tax  at Rs. 1,291 crore for the December quarter, slightly better than Rs. 1,273 crore anticipated by analysts in an ET Now poll.

The Kotak Mahindra Bank had reported Rs 1,053 crore profit in the corresponding quarter, last year

Net Interest Income (NII) for the quarter rose to Rs. 2,939 crore for the quarter under review from Rs. 2,394 crore in the same quarter last year. Net Interest Margin (NIM) for the quarter came in at 4.33%, the bank said in a BSE filing.
NIM stood at 4.27% in the year-ago quarter.

Gross non-performing assets (NPAs) eased to 2.07% in December quarter from 2.15%  in September quarter and 2.31% in the year-ago quarter. 

Kotak Mahindra Bank : Net Profit Rs. Rs. 1,291 crore for the December quarter Reviewed by S Chitra on January 25, 2019 Rating: 5 Kotak Mahindra Bank : Net Profit Rs. Rs. 1,291 crore for the December quarter Kotak Mahindra Bank on reported a 23% year-on-year (Y...

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