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Kotak Mahindra Bank inches higher after impressive Q2 performance
(22-Oct-2019, 15:13 Hours IST)  
The result was announced during the trading hours today, 22 October 2019.

The bank's gross non-performing assets (NPAs) stood at Rs 5,033.55 crore as on 30 September 2019 as against Rs 4,613.52 crore as on 30 June 2019 and Rs 4,033.07 crore as on 30 September 2018.

The ratio of gross NPAs to gross advances stood at 2.32% as on 30 September 2019 as against 2.19% as on 30 June 2019 and 2.15% as on 30 September 2018.

The ratio of net NPAs to net advances stood at 0.85% as on 30 September 2019 as against 0.73% as on 30 June 2019 and 0.81% as on 30 September 2018.

The bank's provisions and contingencies rose 15.29% to Rs 407.93 crore in Q2 September 2019 over Q2 September 2018.

The Net Interest Income (NII) jumped 25% to Rs 3,350 crore in Q2 September 2019 over Rs 2,676 crore in Q2 September 2018. Net Interest Margin (NIM) stood at 4.61% in Q2 September 2019 as against 4.19% in Q2 September 2018.

The Current Account-Savings Account (CASA) ratio was at 53.6% as on 30 September 2019 compared with 50.2% as on 30 September 2018.

Capital Adequacy Ratio (CAR) of the bank, as per Basel III, stood at 18.2% as on 30 September 2019 and Tier-I ratio was at 17.6%.

Meanwhile, the S&P BSE Sensex was down 222 points or 0.56% to 39,076.73.

On the BSE, 2.06 lakh shares were traded in the counter so far compared with average daily volumes of 1.09 lakh shares in the past two weeks. The stock hit an intraday high of Rs 1,643.35 and an intraday low of Rs 1,592.40 so far during the day.

The stock hit a 52-week high of Rs 1,682.40 on 26 September 2019. The stock hit a 52-week low of Rs 1,099 on 29 October 2018.

Kotak Mahindra Bank's segments include treasury, BMU and corporate centre, which includes dealing in debt, equity, money market, forex market, derivatives and investments and primary dealership of government securities.

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