Kotak Mahindra Bank has released its second quarter results. The bank's standalone profit has increased by 5 percent compared to last year, while net interest income has increased by more than 11 percent. The bank's profit has been 6 percent less than the estimate given in the CNBC TV 18 poll. At the same time, net interest income has been slightly above the estimate. Pressure has been seen in the asset quality of the bank on a quarter-on-quarter basis. Both net NPA and gross NPA ratio have increased compared to the first quarter. At the same time, there has been an increase in provision.

How were the quarterly results

According to the information given by the bank, the standalone profit has increased by 4.8 percent to Rs 3343.7 crore compared to last year, which was at Rs 3191 crore a year ago. In the poll of CNBC TV 18, a profit of Rs 3513 crore was estimated. That is, the profit has been 6.1 percent less than the estimate. At the same time, the net interest income of the bank has increased by 11.5 percent to Rs 7019.3 crore compared to last year. A year ago, NII was at Rs 6296.6 crore. The market estimated that NII could be Rs 6996.9 crore. How were the other figures According to the information given by the bank, there has been an increase in NPA on a quarter-on-quarter basis. The net NPA of the bank has been at 0.43 percent, which was at 0.35 percent in the first quarter. At the same time, gross NPAs were at 1.49 percent, which was 1.39 percent a quarter ago. During the quarter, the bank's provisions increased to Rs 660 crore. A year ago, the provisions were at Rs 366.5 crore. In the previous quarter, the provisions were at Rs 578 crore.