Kotak Mahindra Bank Q2 net up 12 %

Kotak Mahindra Bank Ltd on Thursday posted a 12 per cent increase in net profit at Rs 34.79 crore for the quarter ended September 30, as compared to Rs 31.17 crore for the corresponding quarter last year.

Mumbai, Oct 19: Kotak Mahindra Bank Ltd on Thursday posted
a 12 per cent increase in net profit at Rs 34.79 crore for the
quarter ended September 30, as compared to Rs 31.17 crore for
the corresponding quarter last year.

Total income of the bank increased to Rs 357.63 crore
during the second quarter this year, up 51.63 per cent from Rs
235.85 crore in the year-ago period, it informed the Bombay
Stock Exchange.

The group reported a consolidated net profit of Rs 93.90
crore during Q2 in 2006-07 as against Rs 83.36 crore during Q2
last year.

Consolidated total income of the group touched Rs 903.49
crore during the quarter ended September 30 up 45.64 per cent
from Rs 619.89 crore during the same quarter last year, the
company said.

Bureau Report

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