Kotak Mahindra Bank Q3 Results: PAT rises 8% YoY to Rs 3,005 crore, but trails estimates

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Key Points

Kotak Mahindra Bank Q3 Results: The lender's Net interest income, the difference between interest earned and interest expended, rose nearly 16% YoY to Rs 6,553.52 crore..

Mahindra Bank Q3 Results: PAT rises 8% YoY to Rs 3,005 crore, NII at Rs 6,553 cr..

MUMBAI - Kotak Mahindra Bank on Saturday reported a nearly 8% year-on-year (YoY) growth in net profit for the quarter ended December to Rs 3,005 crore, but the figure was lower than the estimated Rs 3,250 crore...

On the asset quality front, the gross non-performing assets as a percentage of total loans was 1.73% as of December end compared to 1.90% a year ago, and 1.72% a quarter ago...

The net non-performing assets ratio was 0.34% as of December end, compared to 0.43% a year ago, and 0.37% a quarter ago...

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