Kotak Mahindra has announced its Q4 earning. Company has grown by 25% on YOY basis on interest earned. Other income gas grown by 36% YOY and 30% QoQ. Total income has grown by 27% YOY.
Profit after tax stood at 4133 Cr which is 18% YOY and 38% up QoQ.
Gross NPA has also reduced by 9% on YOY basis.
EPS was 20.6 that is again 18% YOY and 36% QoQ.
In media interaction today company MD and CEO Mr. Ashok Vaswani has said that Bank has putting its full energy to meet RBI expectation w.r.t to fill gaps around online regulations. Also he said that in couple of months they will be able to revert to RBI on the work done by them and for RBI then to decide whether to life the restrictions.
On one of his senior executive resignation MD and CEO said that KVS Manian has decided to move out of Kotak Bank to pursue some other career and he and bank wish him luck for his future and bank also denied of any news around KVS Mainan joining Federal Bank.
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