COVID-19: Kotak Mahindra Bank's Q4 net profit falls 10%

MUMBAI: Kotak Mahindra Bank, here on Wednesday, reported a 10 percent decline in standalone net profit for the fourth quarter of 2019-20. According to the lender, the net profit in Q4 declined to Rs 1,267 crore from Rs 1,408 crore reported for the year-ago quarter. In FY20, the bank's net profit increased to Rs 5,947 crore from Rs 4,865 crore in FY19. "The net interest income (NII) for FY20 increased to Rs 13,500 crore from Rs 11,206 crore in FY19 and for Q4FY20 increased to Rs 3,560 crore from Rs 3,036 crore in Q4FY19," it said. The net interest margin (NIM) for Q4FY20 is 4.72 per cent. (IANS) 

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