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Kotak Bank Q2 net profit increases 16% to Rs 502 crore
www.rupeetimes.com
[Rupee Times] - Mr. Dipak Gupta, Joint Managing Director of Kotak Mahindra bank said, "Entire amount of the purchase (net of subsequent recovery) amounting to Rs 42 crore has been treated as NPA and fully provided for". Net Interest Margin remained stable at 4.6 per cent.
Provisions eat into Kotak Bank's profit
www.livemint.com
[Livemint] - Joint managing director Dipak Gupta said the loan demand was from both individuals as well as companies and the agriculture sector. “Our book is 60% in favour of retail loans and a bulk of our corporate loans are to working capital loans which are
Strong growth in loan book helps Kotak Bank Q2 net profit rise 16% to Rs 502 cr
www.business-standard.com
[Business Standard] - But over the next months we will keep recovering it,” said Dipak Gupta, joint managing director. On a standalone basis, net interest income (NII) of the bank grew 25 per cent year-on-year to Rs 758 crore. Advances as on September 30 were up by 22
Kotak Mahindra Bank Q2 net up 16% to Rs 502 crore
www.firstpost.com
[Firstpost] - “We hope that the Casa will grow by around 1 percent every quarter in the near future,” Kotak Mahindra Bank Joint Managing Director Dipak Gupta said. Referring to loan growth, Gupta said farm loans witnessed highest growth in the last quarter.
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