Kotak Mahindra Bank Q4 net profit up 33% at Rs 1,404 cr

Total income up at Rs 9,954 cr in Q4 from Rs 7,910 cr a year ago

Private sector lender Kotak Mahindra Bank’s consolidated net profit rose by 33% to Rs 1,404 crore for the January-March 2017 quarter from Rs 1,055 crore a year ago on the back of higher net interest income, fees and commissions.

Net interest income, the difference between interest earned and interest expended, increased by 17% to Rs 2,890 crore. Other income that includes fees, commission etc also increased to Rs 4,299 crore as compared to Rs 2,593 crore in the same quarter last year.

Net interest margin, a key indicator of the bank's profitability expanded to 4.6% from 4.4% in