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Kotak Mahindra Bank Q3 results today: NII growth seen at 17%

Updated : January 21, 2019 08:22 AM IST

Kotak Mahindra Bank will report is third-quarter earnings on Monday and the lender is slated to post best growth in net interest income versus the last three quarters.

  • CNBC-TV18’s poll suggests the net interest income (NII) growth to be at 17 percent, which is the best in last three quarters while net profit to grow at 20.3 percent, which is the best in last five quarters.

  • The net interest margin (NIM) above 4.2 percent will be positive. For the last five quarters, Kotak Mahindra Bank has been growing its book above 20 percent. Sustaining that will be very positive. They are one of the best banks when it comes to the low cost deposit share which is close to 51 percent and sustaining that momentum will be positive.

  • In the last five-six quarters, their gross non-performing assets (NPAs) have come down to 2.5 to 2.15. So anything below 2.2-2.25 in terms of gross NPA will be positive.

 

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