Kotak Mahindra Bank's consolidated PAT up 22% in Q2 to Rs 2,947 cr

Net interest income up 16.8% YoY to Rs 3,913 crore in the reporting quarter, net interest margin 4.52%

Private sector lender Kotak Mahindra Bank’s consolidated net profit surged 22.4 per cent to Rs 2,947 crore in the quarter ending September 2020 (Q2), from Rs 2,407 crore in the same period last financial year aided by good growth in interest income and lower provisions.

On a standalone level, the bank’s net profit was up 26.7 per cent in Q2FY21 to Rs 2,184 crore, compared to Rs 1,724 crore in the year-ago quarter. Net interest income of the lender was up 16.8 per cent to Rs 3,913 crore in the reporting quarter, compared to Rs 3,350 crore in the year-ago