Kotak Mahindra Bank has announced its third quarter results of FY10. It has reported 153.09% rise in its Q3 consolidated net profit of Rs 331.3 crore as against Rs 130.9 crore in the same quarter of previous year.
Consolidated net interest income increased 25.75% to Rs 739.8 crore from Rs 588.3 crore (YoY).
Other income shot up 119.3% to Rs 1,222.4 crore from Rs 557.44 crore (YoY). Advances grew by 23%.
Provisions increased to Rs 142.28 crore versus Rs 97.88 crore. Net NPAs (non-performing assets) went up 1.98% to Rs 572.54 crore and net NPAs stood at 1.95% versus 2.35%.
Subsidiaries profits (YoY)
* Kotak Securities: Rs 59.2 crore versus Rs 3.97 crore
* Kotak Prime: up 48.25% from Rs 33.32 crore to Rs 49.4 crore
* KMCC: profit of Rs 1.6 crore versus loss of Rs 1.9 crore
* Kotak AMC: Profit of Rs 22.9 crore versus Rs 6 crore
* Kotak OM Insurance: Profit at Rs 19.3 crore versus Rs 9.36 crore
Source: CNBC-TV18Courtesy moneycontrol.com
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