Kotak Mahindra Bank Q3 net up 25% at Rs 577 cr

Tags: Companies
Kotak Mahindra Bank today said its net profit rose by nearly 25 per cent to Rs 577.21 crore for the third quarter ended December 2012.

Its profit in the same quarter of the previous fiscal stood at Rs 462.63 crore.

Total income of the bank during October-December quarter of 2012-13 stood at Rs 4,157.12 crore from Rs 3,123.31 crore in the previous fiscal, it said in a BSE filing.

Income from other sources of the private bank increased to Rs 500.14 crore from Rs 490.18 crore over the same period of the previous fiscal, it added.

The bank's net interest margin, a key gauge of profitability, however, declined slightly to 4.6 per cent in the third quarter from 4.7 per cent a year ago, it said.

Also, the non-performing assets or bad loans of the bank increased to 0.53 per cent from 0.41 per cent a year earlier. Net NPA as of December 31, 2012 stood at Rs 364.80 crore from Rs 246.53 crore in 2011-12, it said.

Post new comment

E-mail ID will not be published
CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.

EDITORIAL OF THE DAY

  • Amit Shah deserved to be crowned President of India, some say

    The Bharatiya Janata Party is now firmly in the hands of Modi’s alter ego, which in plain English means ‘another side of oneself, a second self’

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

Chander Mohan Sethi

CMD, Reckitt Benckiser India

COLUMNIST

Arun Nigavekar

Necessary yet inadequate boost to education

The finance minister, in the very first minutes of his ...

Zehra Naqvi

We must overcome the fear of death

It is the biggest irony that the only thing that’s ...

Dharmendra Khandal

Jawai leopards and locals can coexist peacefully

At first glance, the Jawai landscape seems like a large ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture