Kotak Mahindra Bank, one of the leading private sector banks, has posted a 3.90 times higher in standalone net profit of Rs. 7.41 billion for the quarter ended Jun. 30, 2016 compared with Rs. 1.89 billion for the same period last year.

Total income of the bank increased 11.72% to Rs. 51.20 billion for the quarter ended Jun. 30, 2016 as against Rs. 45.83 billion for the prior year period.

For the first quarter, net interest income (NII) for Q1FY17 up 20% to Rs 19.19 billion from Rs 15.98 billion in Q1FY16. Net Interest Margin (NIM) for Q1FY17 at 4.37% from 4.18% in Q1FY16.

Advances as on June 30, 2016 were up 17% yoy to Rs 1207.65 billion (Rs 1036.14 billion as on June 30, 2015).

Deposits as on June 30, 2016 were up 20% yoy to Rs 1400.28 billion (Rs 1168.12 billion as on June 30, 2015). Average Savings deposits for Q1FY17 grew by 35% to Rs 285.23 billion from Rs 211.89 billion in Q1FY16.

Average Current Account deposits for Q1FY17 grew by 32% to Rs 185.75 billion from Rs 140.21 billion in Q1FY16. CASA as on June 30, 2016 stood at 37.4%. TD Sweep deposits as on June 30, 2016 were 6.2% of the total deposits.

Capital adequacy ratio of the Bank including unaudited profits as per Basel III as on June 30, 2016 is 16.8% and Tier I ratio is 15.8%.

Shares of the bank declined Rs 9.05, or 1.16%, to trade at  Rs 772.95.  The total volume of shares traded  was  134,937 at the BSE (1.21 p.m., Thursday).