Kotak Mahindra Bank has posted a standalone net profit at Rs 695.8 crore in January-March quarter from Rs 635 crore in last quarter. During the quarter, its standalone net interest income was at Rs 1857.2 crore against Rs 1766 crore in quarter-ago period.
According to CNBC-TV18 poll, the private lender was expected to report standalone net profit at Rs 689 crore in January-March quarter and NII was seen at Rs 1832 crore. Year-on-year numbers are not comparable due to merger of ING Vysya Bank.
Net interest margin (NIM) stood at 4.35 percent in Q4 compared to 4.3 percent quarter-on-quarter. Its gross non-performing assets (NPA) was at 2.36 percent versus 2.3 percent on a sequential basis. In Q4, NPA was at 1.06 percent versus 0.96 percent. In absolute terms, gross NPA stood at Rs 2838 crore against Rs 2690 crore was at Rs 1262 crore Versus Rs 1110 crore.
Standalone provision was at Rs 200.4 crore in Q1 from Rs 235.25 crore quarter-on-quarter.
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