Kotak Mahindra Bank on Monday recorded a leap of 32 per cent in its web revenue for the primary quarter of 2021-22 because it stood at Rs 1,642 crore from Rs 1,244 crore throughout the corresponding interval of final yr.
The non-public lender’s web curiosity revenue additionally went up 6 per cent to Rs 3,942 crore in June-end quarter of the present fiscal from Rs 3,724 crore within the corresponding interval of the earlier fiscal.
Its working revenue for the primary quarter of 2021-22 was Rs 3,121 crore, up from Rs 2,624 crore.
The financial institution’s present account deposits grew by 28 per cent to Rs 46,341 throughout the June-end quarter of the present monetary yr, as towards Rs 36,066 crore for the corresponding interval 2020-21.
Kotak Mahindra Bank’s Covid-related provisions as on June 30 had been maintained at Rs 1,279 crore. In accordance with the Resolution Framework for Covid-19 introduced by the Reserve Bank of India, the non-public lender mentioned it has applied complete restructuring of Rs 552 crore to this point.
As at June 30, gross non-performing property had been 3.56 per cent and web non-performing property had been 1.28 per cent.