Kotak Bank Q3 PAT grows 28% YoY, asset quality improves
ETMarkets.com|
Updated: Jan 19, 2018, 01.28 PM IST
Kotak Mahindra Bank on Friday reported a 28.23 per cent year-on-year (YoY) rise in consolidated net profit at Rs 1,624.24 crore for the quarter through December.
It had posted consolidated PAT of Rs 1,266.59 crore in the same quarter of 2016-17.
Consolidated net interest income (NII) jumped 16 per cent year-on-year to Rs 3,185.90 crore during the quarter under review, from Rs 2,747.05 crore in the same period of the previous financial year.
Asset quality of Kotak Mahindra Bank took on some shine during the quarter gone by, with percentage of gross non-performing assets easing to 2.01 per cent from 2.14 per cent.
Percentage of net non-performing assets improved to 0.94 per cent, from 1.08 per cent QoQ.
It had posted consolidated PAT of Rs 1,266.59 crore in the same quarter of 2016-17.
Consolidated net interest income (NII) jumped 16 per cent year-on-year to Rs 3,185.90 crore during the quarter under review, from Rs 2,747.05 crore in the same period of the previous financial year.
Asset quality of Kotak Mahindra Bank took on some shine during the quarter gone by, with percentage of gross non-performing assets easing to 2.01 per cent from 2.14 per cent.
Percentage of net non-performing assets improved to 0.94 per cent, from 1.08 per cent QoQ.
