Kotak Mahindra Bank Q4 profit rises 14 pc

New Delhi: Kotak Mahindra Bank Tuesday reported 14 pc rise in consolidated net profit at Rs 2,038.27 cr for March quarter, 2018-19. The private sector lender clocked a profit of Rs 1,789.24 cr in the same quarter of the previous financial year.

Total income rose to Rs 13,823.33 cr during the latest quarter, up from Rs 10,874.12 cr in the year-ago period, the bank said in a regulatory filing.

Consolidated net profit for 2018-19 financial year increased to Rs 7,204 cr from Rs 6,201 cr in the previous year. Income during the year rose to Rs 45,903.36 cr from Rs 38,723.67 cr. Gross non-performing assets (NPAs) or bad loans of the lender were 1.94 pc of the gross loans as at March 31, 2019, slightly down from 1.95 pc at March-end 2018.

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