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Kotak Mahindra Bank consolidated Q3 net rises by 27.37 pc to Rs 2348.72 cr

Kotak Mahindra Bank consolidated Q3 net rises by 27.37 pc to Rs 2348.72 cr

Mumbai, Jan 20 (UNI) Private sector lender Kotak Mahindra Bank has reported a rise of 27.37 per cent in it's consolidated net profit for the quarter ended December 31, 2019 at Rs 2348.72 crore, as against Rs 1844.01 crore for the quarter ended December 31, 2018

Total consolidated income for the quarter under review grew by 19.34 per cent to Rs 13542.43 crore, as compared to Rs 11347.39 crore for the quarter ended December 31, 2018.

Bank's consolidated Capital & Reserves and Surplus as on December 31, 2019, stood at Rs 65,018 crore, compared to Rs 56,186 crore as on December 31, 2019. Consolidated Advances stood at Rs 250,172 crore, as on December 31, 2019.

The bank's Net NPA stood at Rs 1,925.08 crore in Q3 FY20 as against Rs 1,397.27 crore reported in Q3 FY19, registering a 27 per cent rise. Gross NPA grew 37 per cent on a year-on-year basis to Rs 5,413 crore, as against Rs 4,128 crore recorded in a year-ago period.

Lender's CASA ratio as on December 31, 2019, stood at 53.7 per cent, compared to 50.7 per cent as on December 31, 2018.

Net Interest Income (NII) of the bank for Q3FY20 increased to Rs 3,430 crore, as against Rs 2,926 crore in Q3FY19, registering a rise of 17 per cent. Net Interest Margin (NIM) for Q3FY20 stood at 4.69 per cent, up from 4.31 per cent in Q3FY19.

UNI JS RJ 1500

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