Kotak Mahindra Bank Q3 net up 21% at Rs 463 cr

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Kotak Bank Q3 net up 21% at Rs 463 cr
Kotak Mahindra Bank has posted the growth of 21 per cent in consolidated net profits for the third quarter ended December 31, 2011 at Rs 463 crore.

The bank had posted the net profit of Rs 384 crore during the same period a year ago, said the bank in its filing to the Bombay Stock Exchange on January 23, 2012.

Also, consolidated advances of the bank grew 32 per cent during the quarter to Rs 52,847 crore, from Rs 40,096 crore during the year ago period.

While, the consolidated net interest margin (NIM) of the bank reduced marginally to 4.7 per cent during Q3 FY12, as against 5 per cent during Q3 FY11.

Capital adequacy ratio of the bank as per basel 3 norms stood at 16.9 per cent as on December 31, 2011, while tier-1 capital ratio of the bank stood at 15 per cent.

On Tuesday, the shares of the bank were trading at Rs 479.90 up by 2.45 points or 0.51%.

Dion Global Solutions Ltd

Read more about: kotak mahindra bank, results, bse
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