Kotak Mahindra Bank, one of the leading private sector banks, has posted a 31.99% higher in standalone net profit of Rs. 6.96 billion for the quarter ended Mar. 31, 2016 compared with Rs. 5.27 billion for the same period last year.

Total income of the bank increased 28.16% to Rs. 79.10 billion for the quarter ended Mar. 31, 2016 as against Rs. 61.72 million for the prior year period.

Uday Kotak, executive vice chairman & managing director, KMBL said, ''The year 2015-2016 has been one of transition and consolidation post our merger. The process of integration is in its last leg. Our future looks promising in a sector which is otherwise challenging. We look forward to moving towards a leadership position in Indian financial services.''

For the fourth quarter, net interest income (NII) was Rs 18.57 billion. Net Interest Margin (NIM) for quarter stood at 4.35%. Advances as on Mar. 31, 2016 were Rs 1186.65 billion.

Provision impact, including provision on SRs and credit substitutes, on Q4FY16 results was Rs 2 billion of which a significant portion was from eIVBL. As on Mar. 31, 2016, GNPA was 2.36% & NNPA was 1.06%. As on Mar. 31, 2016, SMA2 outstanding was Rs 1.53 billion (0.13% of net advances). 

Deposits as on Mar. 31, 2016 were up to Rs 1386.43 billion. Savings deposits as on Mar. 31, 2016 grew to Rs 294.95 billion. CASA stood at 38%. Average SA at elVBL branches grew 34% YoY and in KMBL branches at 43%.

Capital Adequacy Ratio of the Bank as per Basel Ill as on Mar. 31, 2016 is 16.3% and Tier I ratio is 15.3%.

As on Mar 31, 2016, the bank has a network of 1,333 full-fledged branches and 2,032 ATMs having both breadth and depth given the strong geographic complementarity of the merger.

Shares of the bank gained Rs 8.5, or 1.18%, to trade at Rs 730.00. The total volume of shares traded was 237,090 at the BSE (3.29 p.m., Wednesday).