Chennai: Kotak Mahindra Bank (Kotak Bank) announced its audited standalone and consolidated results for Q4 and FY19, and stated that on a standalone basis, the net interest income (NII) for FY19 increased to Rs 11,259 crore from Rs 9,532 crore in FY18.
The fourth quarter (Q4) increased to Rs 3,048 crore from Rs 2,580 crore from the year-ago period. The net interest margin (NIM) for FY19 at 4.33 per cent and Q4 at 4.48 per cent.
The PAT for the year increased to Rs 4,865 crore from Rs 4,084 crore in FY18 and for Q4 increased to Rs 1,408 crore from Rs 1,124 crore from the previous year.
Advances as on 31 March were up 21 per cent to Rs 2.05 lakh crore (Rs 1.69 lakh crore as on 31 March) and the total Balance Sheet size has crossed Rs 3 lakh crore.