<p>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. <br /><br />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. <br /><br />Asset quality for the bank witnessed a marginal improvement on a sequential quarter while it declined marginally on a year-on-year basis. <br /><br />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.</p>
<p>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. <br /><br />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. <br /><br />Asset quality for the bank witnessed a marginal improvement on a sequential quarter while it declined marginally on a year-on-year basis. <br /><br />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.</p>
