three months to December, Kotak Bank reported a 25 per cent rise in its net profit to Rs 577.2 crore. Total income of the bank during quarter stood rose to Rs 4,157.12 crore from Rs 3,123.31 crore in the previous fiscal. Income from other sources increased to Rs 500.14 crore from Rs 490.18 crore over the same period previous fiscal.
The bank's net interest margin, a key gauge of profitability, however, declined slightly to 4.6 per cent in the third quarter from 4.7 per cent a year ago while bad loans rose to 0.53 per cent from 0.41 per cent a year earlier.
Net NPAs stood at Rs 364.80 crore from Rs 246.53 crore a year ago.