Kotak Mahindra Bank , country's third largest private
sector lender has reported a growth of 18.9% year-on-year in its standalone
profit after tax of Rs 296 crore for the fourth quarter of FY12.
Standalone net interest income increased 10.6% to Rs 688
crore from Rs 622 crore during the same period.
Analysts on average had expected net profit at Rs 292 crore
and net interest income at Rs 724.6 crore.
Gross non-performing assets (NPAs) increased at 1.56% for
the January-March quarter of 2012 versus 1.52% in the previous quarter. Net
NPAs too moved up at 0.61% versus 0.56% during the same period.
Standalone other income went up moderately at Rs 254 crore
from Rs 248 crore year-on-year.
Gross NPAs stood at Rs 614 crore for the fourth quarter of FY12
as against Rs 610 crore in the third quarter of same financial year.
Net interest margins improved at 4.8% versus 4.7%
quarter-on-quarter.
Kotak Mahindra Bank has decided to pay a dividend of 60
paise a share.
Source: www.moneycontrol.com
Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd
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