Kotak Mahindra Bank Ltd.

BSE: 500247 | NSE: KOTAKBANK
Large Cap | Bank - Private
387.30
-4.35 (-1.11%)
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Kotak Mahindra Bank expects to achieve credit growth of 20% in FY17

Date: 07-06-2016

Kotak Mahindra Bank is expecting to achieve a credit growth of 20% in FY17. Last year, the bank witnessed 14-15% growth in the overall credit off-take. The Uday Kotak-led bank, which merged with ING Vysya Bank in an Rs 15,000 crore deal on April 1 last year, had posted a consolidated net profit of Rs 2,090 crore, in 2015-16, up from Rs 1,866 crore in the preceding fiscal.

Kotak Mahindra Bank offers a wide range of banking products and financial services for corporate and retail customers through a variety of delivery channels and specialized subsidiaries in the areas of personal finance, investment banking, life insurance, and wealth management.