Kotak Mahindra Bank reported 27% rise in net profit

Kolkata, May 01: Kotak Mahindra Bank on Monday reported a 27 percent rise in its consolidated net profit to Rs 1,789.24 crore in the quarter ended March 31, 2018 as compared to Rs 1,404.34 crore in the year-ago period.

Its total income, on consolidated basis, was at Rs 10,874.12 crore in the three months ending March, up by nine per cent from Rs 9,953.57 crore in the year-ago period.

The lender posted a 26 percent growth in its consolidated net profit at Rs 6,201 crore in 2017-18 (FY 18) from Rs 4,940 crore in FY17.

Its gross NPA (non-performing assets), as on March 31, 2018, was at Rs 4,071 crore, as against Rs 3,803.92 crore year-ago.