Mumbai, May, 08: Kotak Mahindra Bank, India’s leading financial institutions offering complete financial solutions that encompass every sphere of life, net profit has grown by 20.35 % to Rs 296.92 crore in last quarter of 2011-12 from same period last year at Rs 246.7 crore.

The public lender has posted 33 % growth in profit after tax (PAT) for the FY12  to 1085 crores.

Its stand-alone PAT has grown to Rs, 1085 crores from 818 crores in FY11. The lender’s PAT for Q4 FY12 goes up 19 % to Rs. 297 crore in comparison to Rs. 429crore in Q4 FY 11.
The net interest income for Q4 FY12 goes up 22 % to Rs. 688 crore in comparison to Rs. 565 crores  in Q4 FY 11.

Net Interest Income (NII) for FY12 goes up 20 % on year on year basis to C 2,513 crores in comparison to Rs2,097 crores in FY11.

The provision coverage ratio on non performing assets as on March 31, 2012 was 70%.

Capital adequacy ratio of the Bank for FY12 as per Basel II as on March 31, 2012 is 17.5%.    
Tier 1 ratio is 15.7%.

The bank’s deposits as on March 31, 2012 were up 32 % to Rs. 38,537 crores against the Rs. 29,261 crores as on March 31, 2012.

The CASA deposits up marginally to 32% of total deposits as on March 31, 2012 against the March 31, 2011, where it stands at 30 %. At the same time it has enhanced the saving deposit to Rs 5,050 crores in March 31, 2012 from Rs 3,331 crores in March 31, 2011.

Capital adequacy ratio of the Bank for FY12 as per Basel II as on March 31, 2012 is 17.5%. Tier 1 ratio is 15.7%.

Kotak Mahindra deals in commercial banking, to car finance, to stock broking, to asset management, to life insurance, to investment banking, the group caters to the financial needs of individuals and corporates.

Bank had 355 full-fledged bank branches (321 branches as on March 31, 2012) across the 211 locations and 848 ATMs.

The group has a net worth of 11.406 crores and has a distribution network through branches, franchisees, and satellite offices across cities and towns in India.