Kotak Mahindra Bank Q2 net up 20% at Rs 1,441 cr

It had posted a consolidated net profit of Rs 1,202 crore in the July-September 2016 quarter.

Private sector lender Kotak Mahindra Bank’s consolidated net profit went up 20 per cent from Rs 1,202 crore in July-September 2016 to Rs 1,441 crore in the quarter ended September 2017 (Q2) on higher net interest income.

Other income grew a muted 6.7 per cent y-o-y to Rs 3,074 crore. On a standalone basis, its net profit went up 22 per cent year-on-year (y-o-y) to Rs 994 crore. 

Net interest income (NII), the difference between interest earned and interest expended, rose by 16 per cent on a standalone basis to Rs 2,313 crore in September 2017 quarter, from Rs 1,995