Kotak Mahindra Q3 Net up 21% at Rs 716.61 crore

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    Mumbai, Jan 20 (PTI) Private sector lender Kotak Mahindra Bank today reported a 21.20 per cent increase in its consolidated net profit at Rs 716.61 crore for the third quarter ended December 2014.

    The company reported a net profit of Rs 591.25 crore in the corresponding period a year ago.

    Kotak Mahindra Q3 Net up 21% at Rs 716.61 crore
    Kotak Mahindra Bank: Quotes, News
    BSE 1182.50BSE Quote33.1 (2.80%)
    NSE 1183.35NSE Quote34.65 (2.93%)

    Total income increased by 20.31 per cent to Rs 5,323.46 crore in the quarter under review from Rs 4,424.5 crore in the same period last year, Kotak Mahindra said in a filing to the the BSE.

    Net interest income for the third quarter was up 16.10 per cent to Rs 1,060 crore from Rs 913 crore a year earlier.

    Kotak Mahindra shares were trading at Rs 1,393 apiece, up 0.29 per cent from the previous close on the BSE.

    PTI

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