Kotak Mahindra Bank share price traded marginally in the green on July 27

Kotak-Mahindra-Bank

Kotak Mahindra Bank share price traded marginally in the green on July 27, a day after the company declared its June quarter results.

The bank on July 26 reported a 32 percent year-on-year (YoY) jump in standalone Q1FY22 net profit at Rs 1,641.92 crore against Rs 1,244.45 crore in Q1FY21.

Net interest income (NII) for Q1FY22 increased 6 percent YoY to Rs 3,942 crore from Rs 3,724 crore in Q1FY21. Net interest margin (NIM) for the said quarter stood at 4.60 percent. Operating profit for the quarter came in at Rs 3,121 crore, up 19 percent YoY against Rs 2,624 crore in Q1FY21.

News Source:- Moneycontrol

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