Kotak Mahindra Bank's consolidated net profit rises 36% in Q4FY21

The lender's NII grew by 8% in Q4FY21 to Rs 3,843 crore, from Rs 3,560 crore in Q4FY20

Private sector lender Kotak Mahindra Bank on Monday reported a 36 per cent year-on-year (YoY) rise in consolidated net profit at Rs 2,589 crore for the March quarter of FY21. On a standalone basis, the bank’s net profit in the same period jumped 33 per cent YoY to Rs 1,682 crore due to a good rise in other income and a stable net interest income (NII).

The bank’s NII grew 8 per cent YoY in Q4FY21 to Rs 3,843 crore, while the net interest margin was at 4.39 per cent as against 4.72 per cent in the year-ago quarter. Other income