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Kotak Mahindra Bank’s standalone PAT for Q2FY20 increased to Rs1,724cr from Rs1,142cr in Q2FY19, up 51% yoy.
Net Interest Income (NII) for Q2FY20 rose to Rs3,350cr from Rs2,676 cr in Q2FY19, up by 25%. Net Interest Margin (NIM) for Q2FY20 came in at 4.61% up from 4.19% in Q2FY19.
CASA ratio as on September 30, 2019, stood at 53.6% compared to 50.2% as on September 30, 2018.
Further, advances as on September 30, 2019 were up 15% to Rs2,13,299cr. Capital adequacy ratio of the Bank, as per Basel III, as on September 30, 2019 stood at 18.2% and Tier I ratio stood at 17.6%.
As on September 30, 2019, the Bank had a network of 1,512 full-fledged branches and 2,429 ATMs affording it the capacity and means to serve its customers through its wide presence.
To augment its footprint in the international arena, Kotak Mahindra Bank (Kotak) has launched its very first overseas branch at the Dubai International Financial Centre (DIFC), Dubai, UAE, after receiving due regulatory approvals.
As on September 30, 2019, GNPA was 2.32% & NNPA was 0.85%. As on September 30, 2019, SMA2 outstanding was Rs431cr (0.2% of net advances).
On a consolidated basis, PAT for Q2FY20 increased to Rs2,407cr from Rs1,747cr in Q2FY19, up 38%.
Kotak Mahindra Bank Ltd is currently trading at Rs1,619.40 up by Rs3.95 or 0.24% from its previous closing of Rs1,615.45 on the BSE.
The scrip opened at Rs1,620 and has touched a high and low of Rs1,643.35 and Rs1,592.40 respectively. So far 40,63,153 (NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs3,08,555.52cr.