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27 June, 2019 09:37 IST
Kotak Mahindra Bank Q4 net jumps 40%; NII up 16%
Source: IRIS | 27 Apr, 2017, 04.39PM
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Kotak Mahindra Bank, one of the leading private sector lenders, announced a substantial rise in standalone net profit for the quarter ended March 2017. During the quarter, the profit of the bank rose 40.34% to Rs 9,764.80 million from Rs 6,957.80 million in the same quarter previous year.

Total Income for the quarter rose 9.85% to Rs 54,346.50 million, compared with Rs 49,473 million for the prior year period.

Net Interest Income (NIl) for Q4FY17 up 16% to Rs 21.61 billion from Rs 18.57 billion in Q4FY16. Net Interest Margin (NIM) for Q4FY17 at 4.6% up from 4.4% in Q4FY16.

CASA as on March 31, 2017 stood at 44.0% compared to 38.1% as on March 31, 2016. Average CASA deposits grew by 35% to Rs 602.65 billion for Q4FY17. TD Sweep deposits as on March 31, 2017 were 6.4% of the total deposits.

Capital adequacy ratio of the Bank as per Basel III as on March 31, 2017 is 16.8% and Tier I ratio is 15.9%.

Shares of the bank gained Rs 14.2, or 1.58%, to settle at Rs 914.55. The total volume of shares traded was 321,112 at the BSE (Thursday).

Kotak Mahindra Bank Limited   (Q,N,C,F)*

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