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
06 March, 2021 13:16 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.
Comments  |  Post Comment

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).

 Post Comment
Name Email
Comment
Security Code type    into this box
Related Articles
Hero MotoCorp February sales crosses 5 lakh units - 05-Mar-2021 17:57
PVR launches new six-screen property in Mysuru - 05-Mar-2021 16:55
Sangam Renewables commissions 16 MW solar project in Maharashtra - 05-Mar-2021 13:47
Voltas strong performance raises expectations of blockbuster summer sales: Motilal Oswal - 05-Mar-2021 13:27
Unichem Lab gets USFDA nod for Guanfacine Tablets - 05-Mar-2021 13:03
Wipro-Capco acquisition- A Bold Move; REDUCE: IDBI Capital - 05-Mar-2021 11:44
VST Tillers Tractors to invest in Zimeno Inc - 05-Mar-2021 09:36
Welspun India's board approves raising up to USD 100 mn - 05-Mar-2021 09:23
Oswal Yarns board appoints Nipun Vyas as Independent Director - 05-Mar-2021 09:01
Amitav resigns as Independent Director at Hindustan Everest Tools - 05-Mar-2021 08:42
Mahindra Logistics inks pact with Bajaj Electricals - 04-Mar-2021 18:25
more...
Home  |   Shares  |   F&O  |   Mutual Funds  |   Loans  |   Insurance  |   News Centre
Wealth Tracker  |   Newsletters  |   Tax Corner  |   NRI Centre  |   Advertise
© All rights reserved. IRIS Business Services Limited
A Disclaimer