KOTAK MAHINDRA BANK ANNOUNCES RESULTS

Mumbai, April 27, 2017: The Board of Directors of Kotak Mahindra Bank (‘Kotak Bank’) took on record the audited standalone and consolidated results for Q4FY17, at the Board meeting held in Mumbai, today.

STANDALONE – FY17   

- Bank PATfor FY17 increased to Rs. 3,411 cr from Rs. 2,090 cr in FY16, up by 63%

- NetInterest Income (NII) for FY17 up 18% to Rs. 8,126cr from Rs.6,901 cr in FY16

CONSOLIDATED – FY17

-Consolidated PAT for FY17 increased to Rs.4,940 cr from Rs.3,459 cr in FY16, up43%

KotakMahindra Bank standalone results –– Q4FY17 

Bank PAT for Q4FY17 increased to ` 976 crfrom 696cr in Q4FY16, up by 40% 

Net Interest Income (NII) for Q4FY17 up 16% to ` 2,161cr from ` 1,857 cr in Q4FY16 

Net Interest Margin (NIM) for Q4FY17 at 4.6% up from4.4% in Q4FY16 

Advances as on March 31, 2017 were up 15% YoY to 136,082 cr (118,665 cr ason March 31, 2016) 

Savings deposits grew by 41% to ` 41,504 cras on March 31, 2017 compared to ` 29,495 cr as on March 31, 2016.Current Account deposits grew by 19% to ` 27,761 cr as on March 31,2017 compared to ` 23,282 cr as on March 31, 2016. CASA as on March31, 2017 stood at 44.0% compared to 38.1% as on March 31, 2016. Average CASAdeposits grew by 35% to ` 60,265 cr for Q4FY17. TD Sweepdeposits as on March 31, 2017 were 6.4% of the total deposits. 

Capital adequacy ratio of the Bank as per Basel III ason March 31, 2017 is 16.8% and Tier I ratio is 15.9%. 

As on March 31, 2017, the Bank has a network of 1,369full-fledged branches spread across 689 locations and 2,163 ATMs affording itthe capacity and means to serve its customers through its wide presence. 

As on March 31, 2017, the branch footprint was asunder 

Zone

West

31%

North

30%

South

33%

East

6%

Total

1,369

  

As on March 31, 2017, GNPA was 2.59% & NNPA was1.26%. As on March31, 2017, restructured loans considered standard were down to `102 cr i.e.0.07% of net advances. As on March 31, 2017,SMA2 outstanding was ` 131 cr (0.10% of net advances). 

Announcingthe results, Uday Kotak, Executive Vice Chairman & Managing Director, KMBLsaid, “During the year, we completed the integration process. Subsequently,November 8, 2016, has been a game changer for a Digital New India andformalisation of financial savings. Both these have significant long termimpact on financial services and strengthen our core proposition ofConcentrated India Diversified Financials.” 

The Board of Directors at its meeting held today hasrecommended a dividend of 0.60 per equity share having face value of 5 for theyear ended 31st March, 2017 (Previous Year 0.50 perequity share having face value of 5). The dividend will be paid after theapproval of shareholders at the Annual General Meeting.

L-R: Jaimin Bhatt - Chief Financial Officer, Uday Kotak - Executive Vice Chairman & Managing Director and Dipak Gupta - Joint Managing Director at Kotak Mahindra Bank’s  press meet in Mumbai today.


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