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This is an archive article published on July 21, 2011

Kotak Mahindra Bank Q1 net up 35%

Kotak Mahindra Bank today reported a 35 per cent jump in net profit at Rs 252 crore for the June quarter.

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Private sector lender Kotak Mahindra Bank today reported a 35 per cent jump in net profit at Rs 252 crore for the quarter ended June 30,2011.

It had a net profit of Rs 186.9 crore in the April-June quarter of FY11,Kotak Mahindra Bank informed the Bombay Stock Exchange.

Total income of the the lender increased to Rs 1,558.4 crore for the June quarter,from Rs 1,060 crore in the corresponding period an year ago.

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On consolidated basis,the net profit of the bank increased by 27 per cent at Rs 416 crore from Rs 328 crore in the same quarter in the previous fiscal.

Total deposits of the bank as on June 30 were up 29 per cent to Rs 31,047 crore.

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