HomeNewsBusinessEarningsKotak Mahindra Bank Q4 net may jump 8%, NII seen at Rs 1832 cr

Kotak Mahindra Bank Q4 net may jump 8%, NII seen at Rs 1832 cr

Kotak Mahindra Bank is likely to see standalone net profit at Rs 689 crore in January-March quarter, up 8.5 percent from Rs 635 crore in last quarter. According to a CNBC-TV18 poll, the private lender's net interest income (NII) may jump 3.8 percent at Rs 1832 crore against Rs 1766 crore in quarter-ago period.

May 11, 2016 / 10:11 IST
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Kotak Mahindra Bank is likely to see standalone net profit at Rs 689 crore in January-March quarter, up 8.5 percent from Rs 635 crore in last quarter. According to a CNBC-TV18 poll, the private lender's net interest income (NII) may jump 3.8 percent at Rs 1832 crore against Rs 1766 crore in quarter-ago period.

Year-on-year numbers are not comparable due to merger of ING Vysya Bank.

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Things to watch out for#Integration costs to be maintained #Credit cost will be on the higher side #This will be mainly due to NPA’s arising out of the ING Vysya Bank’s books #Loan growth likely to sustain earlier momentum #Margins to sustain above 4 percent#Slight deterioration is expected by street due to ING Vysya’s book

first published: May 11, 2016 10:05 am

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