Wednesday, October 22, 2014

#Kotak Mahindra Bank net profit up 23%

Consolidated results at a glance

 Consolidated PAT for Q2FY15 increased to ` 718 cr from ` 583 cr in Q2FY14 up by 23%

Consolidated advances up 19% to ` 81,418 cr as on September 30, 2014 from ` 68,226 cr as on September 30, 2013. Without considering CV/CE, the growth in advances was 24% YoY.

Consolidated NIM for Q2FY15 stood at 5.0% (Q2FY14 – 4.9%)

Consolidated capital adequacy ratio (CAR) including unaudited profits as per Basel III as on September 30, 2014 is 17.9%. Tier 1 ratio is 17.1%.

Total assets managed / advised by the Group as on September 30, 2014 are ` 65,657 cr (September 30, 2013 ` 60,450 cr).

Kotak Mahindra Bank standalone results

Bank PAT for Q2FY15 increased to ` 445 cr from ` 353 cr in Q2FY14 up by 26%

Net Interest Income (NII) for Q2FY15 up 12% to ` 1,039 cr from ` 924 cr in Q2FY14.

Advances as on September 30, 2014 were up 20% YoY to ` 60,948 cr (` 50,609 cr as on September 30, 2013). Without considering CV/CE, the growth in advances was 28% YoY.

Restructured loans considered standard as on September 30, 2014 ` 161.5 cr – 0.26% of net advances

Savings deposits as on September 30, 2014 grew by 39% to ` 11,693 cr from ` 8,385 cr as on September 30, 2013.

Deposits as on September 30, 2014 were up 29% YOY to ` 68,103 cr (` 52,642 cr as on September 30, 2013)

Capital adequacy ratio of the Bank including unaudited profits as per Basel III as on September 30, 2014 is 17.6% and Tier I ratio is 16.6%

The provision coverage ratio on non-performing assets as on September 30, 2014 is 55.8%

Bank had 641 full-fledged branches (502 branches as on September 30, 2013) across 363 locations and 1,159 ATMs