Kotak Mahindra Bank Q1FY12 PAT rose 27%

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oi-Monika Nihalani

By Monika Nihalani

Published: Thursday, July 21, 2011, 13:30 [IST]

Kotak Mahindra Bank reflected 27% growth in its profit during first-quarter of FY12. Bank's consolidated Profit after Tax (PAT) rose from Rs 328 crore a year ago to Rs 416 crore this year.

The Bank, which established its organization in 1985 has 323 branches across the country as on June 30, 2011.

The bank provides wide array of financial services ranging from commercial banking, to car finance, to stock broking, to asset management, to life insurance, to investment banking.

Bank reported 36% rise in its consolidated advances i.e. its advances jumped from Rs 32,978 crore last year quarter to Rs 44,699 crore this quarter.

Consolidated total assets of the bank counts to Rs 517 billion as on June 30, 2011, which were Rs 480 billion a year ago.

It's standalone net interest income rose by 18% i.e. from Rs 483 crore last year quarter to Rs 568 crore this quarter.

Bank's showed a rise of 29% in its deposits, it rose to Rs 31,047 crore as on June 30, 2011.

Bank's capital adequacy ratio excluding profit stands to 18.2% as on June 30, 2011 as per the Basel II norms.

Kotak Mahindra group has its presence in New York, California, London, Dubai, Abu Dhabi, Bahrain, Mauritius and Singapore apart from India.

(Data as per the press release)

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