Kotak Mahindra Bank, one of the leading private sector banks, has posted a 42.88% higher in standalone net profit of Rs. 8.13 billion for the quarter ended September 30, 2016 compared with Rs. 5.69 billion for the same period last year.

Total income of the bank increased 13.46% to Rs. 52.43 billion for the quarter ended September 30, 2016 as against Rs. 46.21 billion for the prior year period.

Net Interest Income (NII) for Q2FY17 up 19% to Rs 19.95 billion from Rs 16.79 billion in Q2FY16.

Net Interest Margin (NIM) for Q2FY17 at 4.47% up from 4.30% in Q2FY16.
 
Advances as on September 30, 2016 were up 13% YoY to Rs 1260.15 billion (Rs 1116.62 billion as on September 30, 2015).

Average Savings deposits for Q2FY17 grew by 35% to Rs 306.78 billion from Rs 227.48 billion in Q2FY16. Average Current Account deposits for Q2FY17 grew by 28% to Rs 192.73 billion from Rs 151.15 billion in Q2FY16. CASA as on September 30, 2016 stood at 39%. TD Sweep deposits as on September 30, 2016 were 6.4% of the total deposits.

Capital adequacy ratio of the Bank including unaudited profits as per Basel III as on September 30, 2016 is 16.8% and Tier I ratio is 15.7%.

Shares of the bank gained Rs 0.8, or 0.1%, to trade at Rs 788.25. The total volume of shares traded was 68,595 at the BSE (1.25 p.m., Tuesday).