The net interest income (NII) of the bank rose 18 percent at Rs 3,048 crore against Rs 2,580 crore in Q4FY18
Kotak Mahindra Bank has reported 25 percent jump in its Q4FY19 standalone net profit at Rs 1,407.8 crore against Rs 1,124 crore reported in the same quarter last fiscal.
The net interest income (NII) of the bank rose 18 percent at Rs 3,048 crore against Rs 2,580 crore in Q4FY18.
Gross NPA stood at 2.14 percent versus 2.07 percent, while net NPA was at 0.75 percent versus 0.71 percent, QoQ.
In absolute terms, the company's net NPA was at Rs 1,544.4 crore, while gross NPA was at Rs 4,468 crore. Net interest margin of the bank was at 4.48 percent.
The standalone provisions stood at Rs 171.3 crore, while loan growth was at 21 percent.
Advances as on March 31, 2019 were up 21 percent to Rs 205,695 cr (against Rs 169,718 cr as on March 31, 2018) and the total Balance Sheet size has crossed Rs 300,000 crore. CASA ratio stood at 52.5 percent compared to 50.8 percent at the end of FY18.
The board has recommended a dividend of Rs 0.80 per equity share having face value of Rs 5 for the year ended March 31, 2019.
Consolidated PAT for FY19 increased to Rs 7,204 crore, up from Rs 6,201 crore in FY18 and for Q4FY19 increased to Rs 2,038 crore, up from Rs 1,789 crore in Q4FY18.
