Kotak Mahindra Bank’s net profit up by 47% in Q4
By Vaibhav Aggarwal
May 3, 2013
Print    Email    RSS   

The public sector lender, Kotak Mahindra Bank posted an increase in net profit by 47 per cent in the January- March quarter of financial year 2012-13. The bank had posted a net profit of Rs 297 crore in the year-ago quarter.

Net interest income increased by 31 per cent to Rs 903 crore from Rs 688 crore in corresponding quarter of 2012-13. Other income during the fourth quarter rose 43 per cent to Rs 364 crore.

Kotak Mahindra's net profit for the full financial year increased by 25 per cent to Rs 1,361 crore from Rs 1,085 crore in FY-12.

Total advances as on March 31, 2013 stood at 24 per cent year-on-year to Rs 48,469 crore, while deposits increased 32 per cent to Rs 51,029 crore.

Net non-performing assets (NPA) ratio increased to 0.64 per cent from 0.61 per cent in the fourth quarter last year.

"The real economy continues to be slow. Therefore, going forward, banks will have to watch and make adequate provisions. Particularly, in the second half of 2013-14 we hope to see some pick-up in growth," said Mr. Uday Kotak, Vice-Chairman and Managing Director of Kotak Mahindra Bank.


(Comments Posted : 0) Post Your Comments
Show All Comments
 Select a product:

 Select a product:

Carnival of Indian Personal Finance Blogs #1
Carnival of Indian Personal Finance Blogs # 9
Need of Financial inclusion: making the...
12 point conduct checklist for bank and...
Manage your loans, avoid recovery agents

how I can check status regarding my personal loan...
Jyotish Shivraj Sharma Call on +91-8504067070 in Canada
Intercast ℒℴvℰ Pℝℴℬℒℰℳ Solution...
How to check my my fullerton india loan application...
i want my lone detais to hdfc bank my loan a/c...

LVB bank joined hands with NCML Feb 18, 2015
Syndicate Bank hiring 5000 new staff Feb 12, 2015
SBI donated Rs 8.6 cr as a part of CSR activity Feb 11, 2015
Canara Bank tied up with NHBC Feb 9, 2015
Hiring for Probationary clerks in South Indian Bank Feb 5, 2015
News Archive