Kotak Bank Q1 NII up 18% at Rs 568 cr

By Avni Raja, CNBC-TV18

Consolidated net profit of Kotak Mahindra Bank has jumped 27% (YoY) in the first quarter of FY12. Consolidated net profit was at Rs 416 crore from Rs 327.7 crore in the year-ago period. During the quarter, consolidated net interest margins came in at 5% while standalone net interest income (NII) jumped nearly 18% to Rs 568 crore from Rs 483 crore year-on-year. Gross non-performing assets (NPA) declined 1.59% against 2.79% in the pervious quarter last fiscal. Even net NPA dipped 0.54% from 1.19% in the year-ago period.   For futher details watch video