Kotak Mahindra Bank profit of Rs. 2767/- Crore I
Kotak Mahindra Bank reports 65% profit growth in Q4
According to Kotak Bank, a private sector bank, net profit rose 65% to Rs. 2767 / – crore. This is due to increase in loan book and increase in income. During the quarter under review, the bank had a net profit of Rs. 1682 / – crore. Uday Kotak, managing director, said it was the only bank with the lowest number of slips. Net interest income increased by 18% to Rs. 4521 / – crore. In the same quarter last year, the amount was Rs. 3843 / – crore. Net interest margin is 4.78%. Loan book has increased by 21% to Rs.2.71 lakh crore.
