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Kotak Bank Q4 Results: Net profit rises 33% YoY, below estimates; asset quality improves


Kotak Bank Q4 Results: Net profit rises 33% YoY, below estimates; asset quality improves
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Last Updated: May 03, 2021, 01:51 PM IST
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The lender reported 8 per cent on-year growth in net interest income to Rs. 3,843 crore for the quarter.
The lender reported 8% on-year growth in net interest income to Rs. 3,843 crore for the quarter.
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NSE
MUMBAI:
Kotak Mahindra Bank on Monday reported a 33 per cent year-on-year rise in net profit to Rs. 1,682 crore for the quarter ended March, missing analysts estimates by a wide margin. Sequentially, the lender’s net profit fell on account of a rise in provisions.
The lender reported 8 per cent on-year growth in net interest income to Rs. 3,843 crore for the quarter, which was also below Street’s estimate. ....

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Bank stocks: Stock market update: Nifty Bank index rises 1%; Kotak Mahindra Bank climbs nearly 3%


State Bank of India (down 1.03 per cent) were the top losers in the index.
The Nifty Bank index was trading 1.08 per cent up at 35656.7 around 01:53PM.
Benchmark NSE Nifty50 index was up 13.05 points at 14969.25, while the BSE Sensex was up 102.27 points at 50543.34.
Among the 50 stocks in the Nifty index, 16 were trading in the green, while 34 were in the red.
Shares of BPCL, Vodafone Idea, BHEL, YES Bank and Tata Motors were among the most traded shares on the NSE.
Shares of SBI Life, Godrej Industries, Poly Medicure, Blue Dart Express and Adani Power hit their fresh 52 week high in today s trade, while B C Power Controls, Shrenik Ltd and Marine Electricals (India) Ltd. hit fresh 52 week low in trade. ....

Tata Motors , Axis Bank , Shrenik Ltd , Godrej Industries , Nifty Bank , Kotak Mahindra Bank , Marine Electricals India Ltd , Federal Bank , Vodafone Idea , Poly Medicure , Blue Dart Express , Adani Power , Marine Electricals , Bank Stocks , Kotak Mahindra Bank Ltd , Kotak Mahindra Bank Share Price , Hdfc Bank Ltd , Icici Bank Ltd , State Bank Of India , Bank Of Baroda , Punjab National Bank , Axis Bank Ltd , டாடா மோட்டார்கள் , அச்சு வங்கி , ஷ்ரேனிக் லிமிடெட் , கோதுரேஜ் தொழில்கள் ,