Kotak Mahindra Bank has reported performance in the quarter ended March 2011. It has reported fourth quarter consolidated net profit of Rs 491 crore, a 17.2% growth as compared to Rs 419 crore in same quarter the previous year.
Consolidated net interest income increased 21% to Rs 948 crore as against Rs 784 crore in fourth quarter FY10.
Net non-performing asset (NPA) showed smart improvement at 0.59% on consolidated basis and 0.72% on standalone basis as against 1.48% & 1.73% in Q4FY10, respectively.
The bank has posted standalone net profit of Rs 249 crore as against Rs 203 crore and NII jumped to Rs 621 crore from Rs 526 crore on year-on-year basis.
However, other income declined at Rs 191 crore from Rs 252 crore.
Source www.moneycomtrol.com
Thanks & Regards ,
Priyanka Kothari ,
Client Service Associate.
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