Kotak Mahindra Bank's consolidated net rises 50% to Rs 3,892 cr in Q4FY22

The lender's net interest income increased 18% YoY to Rs 4,521 crore, aided by a loan growth of 21%

Kotak Mahindra Bank reported a 50 per cent year-on-year (YoY) jump in consolidated net profit to Rs 3,892 crore in the January-March quarter (Q4) of FY22, on better margins and robust performance of subsidiaries. 

The bank had posted a consolidated net profit of Rs 2,589 crore in the same period a year ago. On a full-year basis (FY22), the consolidated net profit was up 21 per cent to Rs 12,089 crore compared to the previous year.

Uday Kotak, managing director (MD) and chief executive officer (CEO) of the bank, said, consolidated profits are broad-based. He added, “Profits coming from non-banking entities are