Kotak Mahindra Bank's standalone PAT up 24% yoy at Rs1,596cr in Q3FY20

Kotak Mahindra Bank's standalone PAT for Q3FY20 increased to Rs1,596cr from Rs1,291cr in Q3FY19 up 24% yoy. 

Net Interest Income (NII) for Q3FY20 increased to Rs3,430cr from Rs2,926cr in Q3FY19, up by 17% yoy. Net Interest Margin (NIM) for Q3FY20 came in at 4.69% vs. 4.31% in Q3FY19.

CASA ratio as on December 31, 2019, stood at 53.7% compared to 50.7% as on December 31, 2018. TD sweep deposits as on December 31, 2019, were 7.4% of the total deposits. 

Average Savings deposits grew by 20% to Rs83,049cr for 9MFY20 compared to Rs69,256cr for 9MFY19. Average Current Account deposits grew by 19% to Rs33,258cr for 9MFY20 compared to Rs28,026cr for 9MFY19. 

Advances as on December 31, 2019 were up 10% to Rs216,774cr (Rs196,432cr as on December 31, 2018).

Capital adequacy ratio of the Bank, as per Basel III, as on December 31, 2019 stood at 18.2% and Tier I ratio stood at 17.7%.

As on December 31, 2019, the Bank had a network of 1,539 full-fledged branches in India, branches in GIFT City and DIFC (Dubai) and 2,447 ATMs affording it the capacity and means to serve its customers through its wide presence. 

As on December 31, 2019, GNPA was 2.46% & NNPA was 0.89%. As on December 31, 2019, SMA2 outstanding was Rs274cr (0.13% of net advances).

Kotak Mahindra Bank Ltd is currently trading at Rs1,650.40, down by Rs47.4 or 2.79% from its previous closing of Rs1,697.80 on the BSE.
The scrip opened at Rs1,710 and has touched a high and low of Rs1,710.70 and Rs1,630 respectively.

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