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Kotak Traces Improving Loan Growth Trajectory
November 02, 2017
Private sector Kotak Mahindra Bank reported positive numbers for the second quarter. While the loan growth saw an 18% increase, the CASA ratio at 47.8% also received a major boost even as the core savings growth kept at a steady 40% rate.
At the core level of Pre-Provision Operating Profit (PPOP), the bank also outperformed its subsidiaries as it maintained a 16% Net Interest Income(NII) growth. However, it’s Net Interest Margin (NIM) growth and the cost to income ratio continues to decline.