NEWS & ADVICE : PERSONAL LOAN
Kotak Mahindra Bank shows promising results in Q4
By Vaibhav Aggarwal
May 13, 2010
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Private sector lender, Kotak Mahindra Bank has posted promising results in the fourth quarter of the year 2009-10. The bank has given such performance for the fifth consecutive time when it has showed an improved performance than the previous quarter.

On a standalone basis, the bank has recorded an almost doubled profit in March 2010 quarter. Along with this the bank has also recorded a 32% rise in its loan books. The bank has been able to grow its loan book at twice the pace of the industry.

The bank has decided to par with its unsecured personal loan segment which showed a 44% decline on year to year basis on March 2010 end. The loan book growth can be accounted to home loans and corporate loans which have shown rise by 44% and 73%, respectively.

The NPA level of the bank has come down to 1.5% of the net advances as on the end of March 2010.

The bank has a capital adequacy ratio (CAR) of 19.3% which should be effective in growing its business.

The car finance arm of the bank Kotak Mahindra Prime and Kotak Mahindra Bank's securities arm - Kotak Securities have also performed well in the March 2010 quarter.


 


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