Kotak Mahindra Bank has shown tremendous growth this year. Showcasing a splendid growth rate, the bank has achieved some great numbers. Here’s a summary:
|Factors||September 2019||September 2020||Growth|
|Net Interest Income (NII)||Rs. 3,349.59 Cr||Rs 3,913.21 Cr||16.83%|
|Quarterly Net Profit||Rs. 1,724.48 Cr||Rs. 2,184.48 Cr||26.67%|
|Operating Profit||Rs. 2,508.56 Cr||Rs. 3,297.49 Cr||31.45%|
EPS (Earnings per Share) of Kotak Mahindra Bank increased to Rs. 11.04 in September 2020 from Rs. 9.03 in September 2019 with its shares closing at 1,416.90 on October 26, 2020 (NSE) providing 8.69% returns over the last 6 months and 11.05% over the last 12 months.
Kotak Mahindra Bank: The Right Choice for NRIs
Being an NRI, it has always been a major concern to opt for the best bank to open an NRI Bank Account. With the latest figures, Kotak Mahindra Bank turns out to be one of the most promising banks in India with an effortless process of opening an NRI Bank Account.
The Kotak Mahindra NRI Bank Account Opening Process is very seamless and convenient for NRIs providing the benefit of bypassing the attestation requirement for documents through funding from self-account. The entire process can be done at the comfort of your home.
Click on the button below to instantly open an NRI Bank Account with Kotak Mahindra Bank.