Kotak Mahindra Bank has posted a 26% increase in consolidated net profit for the quarter ended June 30, 2017 at Rs 1,347 crore compared with Rs 1,067 crore in the same quarter previous fiscal.
Net interest income for the bank during the quarter grew 17.1% to Rs 3,004.51 crore compared with Rs 2,565.73 crore in the comparable period previous fiscal.
Asset quality for the bank witnessed a marginal improvement on a sequential quarter while it declined marginally on a year-on-year basis.
Gross (NPAs) for the bank stood at 2.24% compared with 2.2% in the same period previous fiscal and 2.25% on a sequential basis. As far as net NPAs are concerned, it stood at 1.07% in the quarter compared with 1.06% in the comparable period last year.
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