FY 19 Q3 Earnings "Kotak Mahindra Bank"

in #steemit5 years ago (edited)

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The bank Q3 net profit increase 23% YOY to Rs 1291 cr. The bank had reported a net profit of Rs 1053 cr in the corresponding quarter last year.

NII for this quarter rise to Rs 2939 cr and NIM for this quarter came in at 4.33%, while it was 4.27 in the corresponding quarter last year.

NPA's for this quarter came at 2.07%, while it was 2.15% in the corresponding quarter last year.

It'a also a better quarter for this bank and market also gives a big thumbs up and it is shown in its share price. Although the reduce in promoter stake is an overhang for the bank also share holders.

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