Kotak Mahindra Bank consolidated Q4 net up 27% to Rs 17.89 billion

Consolidated capital adequacy ratio improved to 18.82% as on March 2018, up from 16.77% a year ago

Kotak Mahindra Bank on Friday reported 27 per cent rise in its fourth quarter consolidated net profit for 2017-18 on healthy growth in advances and higher base of low cost deposits.

Profit after tax on a consolidated level rose to Rs 17.89 billion for the quarter ended March 2018, from Rs 14.04 billion in the year ago period.

Consolidated advances grew 23.3 per cent to Rs 2.06 trillion year-on-year (YoY) at the end of March 2018.

For the full year 2017-18, the bank’s net profit grew 25.5 per cent to Rs 62 billion.

At the standalone level, the bank reported