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Live news , top stories, corporate news, company news, sector news, economy news, results analysis news, ceo interviews, fund manager interview, advisor interview, market news, bazaar talk, hot stocks news, ipo news, commodities news, mutual fund news, insurance news, news wire
15 July, 2025 10:45 IST
Kotak Mahindra Bank quarterly net climbs 12.3% to Rs 10.25 bn
Source: IRIS | 19 Jul, 2018, 03.58PM
Rating: NAN / 5 stars.
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Kotak Mahindra Bank disclosed a steady growth in standalone net profit for the quarter ended June 2018. During the quarter, the profit of the bank rose 12.29% to Rs 10,249.40 million from Rs 9,127.30 million in the same quarter last year.

Interest earned for the quarter rose 17.70% to Rs 54,797 million, compared with Rs 46,558 million for the prior year period.

Bank's operating profit for Q1FY19 increased to Rs 20.33 billion from Rs 15.96 billion in Q1FY18 up 27%.

Net Interest Income (Nil) for Q1FY19 increased to Rs 25.83 billion from Rs 22.46 billion In Q1FY18, up by 15%.

Net Interest Margin (NIM) for Q1FY19 at 4.3%.

Capital adequacy ratio of the Bank, including unaudited profits, as per Basel Ill, as on June 30, 2018 is 18.3% and Tier I ratio is 17.6%.

Shares of the bank declined Rs 51.8, or 3.69%, to trade at Rs 1,350.25. The total volume of shares traded was 321,213 at the BSE (3.45 p.m., Thursday).

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