New Delhi, Oct. 26 -- Kotak Mahindra Bank's standalone loan book grew 19% year-on-year to Rs.5.5 trillion, excluding the twin impact of the acquisition of Kotak Mahindra Investments' loan portfolio and loans against FCNR(B) deposits worth Rs.16,110 crore.

Kotak Bank took over Kotak Mahindra Investments' loan portfolio of nearly Rs.9,600 crore at the beginning of Q2 to comply with the Reserve Bank of India's directions requiring the elimination of overlapping, non-specialized lending structures within a banking group. Since only the advances of Kotak Mahindra Investments were transferred to Kotak Bank, and not the liabilities, the bank is likely to have earned interest income of about Rs.200 crore. Adjusting for this, net interest income ...