Kotak Mahindra Bank has posted a 28.23% YoY increase in consolidated net profit, at Rs.1,624.24 crore for the quarter ended December,2017.

Last year, in the corresponding quarter it had reported a consolidated PAT of Rs.1,266.59 crore in the corresponding quarter. Consolidated net interest income increased 16% YoY to Rs.3,185.90 crore during the December quarter, against Rs.2,747.05 crore in same period year ago.

Further, percentage of gross non-performing assets eased to 2.01% from 2.14% and percentage of net non-performing assets improved to 0.94% from 1.08% QoQ.

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