NEW DELHI: Kotak Bank on Wednesday reported a 65 per cent year-on-year (YoY) rise in standalone net profit at Rs 2,767 crore in the March quarter compared with Rs 1,682 crore in the corresponding quarter last year.
Net Interest Income (NII) for the quarter rose 18 per cent YoY to Rs 4,521 crore from Rs 3,843 crore in the same quarter last year. Net Interest Margin (NIM) for the quarter came in at 4.78 per cent.
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Gross non-performing asset (NPA) came in at 2.34 per cent against 2.71 per cent in December quarter and 3.25 per cent in the year-ago quarter.
The board of the bank has recommended dividend of Rs 1.10 per equity share having face value of Rs 5, for the year ended March 31, 2022, subject to approval of shareholders.
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