Kotak Mahindra Bank Quarter 3 Net Profit Hikes 23% to INR 1,291 Crore

Kotak Mahindra Bank reported a hike of 23% YoY (Year on Year) in its net profit for the 3rd quarter at INR 1,291 crore. While the lender had reported a profit of INR 1,053 Cr. during the December quarter of last year.

The NII (Net Interest Income) is a difference between interest gained & expected. In this case, it grew 23% YoY at INR 2,939 Cr. from INR 2,394 Cr. previous year. The net interest margin hiked to 4.33% from 4.20% in the last quarter. On the asset quality front, Gross NPAs hiked to INR 4,128.68 Cr. from INR 4,033.07 Cr. previous quarter.

At 03:30 PM, January 22, 2019, the share price was quoting INR 1,291.50 up INR 23.90 or 1.89%.

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