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Kotak Mahindra Bank consolidated Q3 net up 13.5% to Rs 1,844 crore

Net NPA stood at 0.67% for the present quarter, against 0.94% in the year-ago quarter

Kotak Mahindra Bank consolidated Q3 net up 13.5% to Rs 1,844 crore

Private lender Kotak Mahindra Bank reported 13.5 per cent rise in its third quarter (Q3) consolidated net profit on account of higher interest and fee income. The asset quality of the bank’s loan book also improved during the quarter. Profit after tax at the consolidated level rose to Rs 1,844 crore for the quarter ended December 2018 (Q3FY19), from Rs 1,624 crore in the year-ago period (Q3FY18). Total consolidated income rose 12 per cent year-on-year (YoY) to Rs 11,347 crore, said the bank in a filing to the exchanges on Monday. At the standalone level, the bank ...