Kotak Mahindra Bank - Quarterly Result

Kotak Mahindra Bank (KMB), on a standalone basis, reported 32% growth in Net Profit to Rs 1641.92 crore in the quarter ended June 2021 (Q1FY2022) over the corresponding quarter of last year. The net interest income of the bank rose 6%, while non-interest income has jumped 105% in Q1FY2022. NIMs of the bank have improved to 4.60% in Q1FY2022 compared with 4.39% in the previous quarter and

4.40% in the corresponding quarter last year.

The cost-to-income rate rose to 43.51% in Q1FY2022 from 41.17% in the previous quarter and 41.66% in the corresponding quarter last year.

Source : Eureka

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